ACE Insurance Switzerland Limited to manage insurance and reinsurance business in Zurich.
Following the redomestication of ACE Limited’s holding company to Zurich in July 2008, the ACE Group has now taken the additional step of founding a new Swiss insurance company.
The new company – ACE Insurance (Switzerland) Limited, a subsidiary of ACE Limited - will manage the insurance and reinsurance business of the Zurich branch with the goal of further strengthening ACE’s position in the Swiss market
ACE has been active as a local insurer in Switzerland since the opening of the Zurich branch of ACE European Group Limited, London, in 2003. In addition, ACE’s reinsurance activities in continental Europe were moved to Zurich in 2005. This business will also now be written through ACE Insurance (Switzerland) Limited.
Florian Müller, general manager of ACE Insurance (Switzerland) Limited, said: “With the founding of this new company, ACE has demonstrated the strategic importance it attaches to Switzerland and its long-term commitment to this market.
"Swiss based companies and brokers will have direct local access to the global expertise and capabilities that make ACE one of the world’s leading insurers. Our highly skilled local teams are fully committed to delivering superior products and services tailored to the needs of Swiss clients.”
