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ACE to underwrite insurance in Myanmar

The company is completing its registration process with the Myanmar authorities to open its office in Yangon later this year

May 27, 2013 4:11 IST | India Infoline News Service
Zurich-based ACE Group announced on 24th May that it has received provisional approval from Myanmar’s Directorate of Investment and Company Administration to establish a representative office in Myanmar.

The company is now completing its registration process with the Myanmar authorities to open its office in Yangon later this year.

As well as acting as a liaison office for ACE’s multinational clients that may have risks in Myanmar that require insurance, the representative office will enable ACE to build relationships with the Myanmar regulatory authorities, the country’s business sector and other insurance market participants including insurance agents, brokers and other insurance and reinsurance companies.

The office will also lead ACE’s efforts to participate in and help build Myanmar’s insurance sector.

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