National News

ACE Acquires Personal Lines Business of Atlantic Mutual

The Atlantic Companies, also known as Atlantic Mutual, has sold its high-net-worth personal lines insurance business to The ACE Group of Companies for an undisclosed price.

The deal, expected to close in 30 days, gives ACE substantially all of the personal lines business of The Atlantic Cos., which is headquartered in New York City.

Atlantic Mutual specializes in writing a policy it called the Atlantic Master Plan, a product sold through independent agents, which covered the houses, cars, umbrella liability and personal property of affluent individuals and families.

The acquisition comes days after Bermuda-based ACE announced the $2.4 billion acquisition of Combined Insurance Co., and several other subsidiaries of Aon Corp.

Source: ACE Ltd.

Comments? Click here to post a comment about this article

Subject Posted By Posted On
RE: A SAD ENDING J
Feb 13, 2008, 9:09 am
A SAD ENDING BUTCH POPE
Feb 8, 2008, 9:40 am
RE: Ding Dong The Witch Is Dead! J
Jan 21, 2008, 11:02 pm
Very Sad Former AtMut Employee
Jan 7, 2008, 1:41 pm
RE: Strange Management Techniques Hold on to your wallet
Jan 3, 2008, 1:31 pm
RE: Status of Claims, Reserves Eyewitness
Dec 28, 2007, 9:04 am
Status of Claims, Reserves Concerned Claimant
Dec 27, 2007, 4:22 pm
RE: RE: Strange Management Techniques Eyewitness
Dec 27, 2007, 3:26 pm
RE: Strange Management Techniques Walter Jones
Dec 27, 2007, 1:00 pm
Strange Management Techniques Nobody Important
Dec 21, 2007, 9:20 am
RE: RE: What's Left ? insurance casualty
Dec 21, 2007, 8:50 am
RE: Ding Dong The Witch Is Dead! AMC alumni
Dec 21, 2007, 7:15 am
Ding Dong The Witch Is Dead! Former NYC Premium Auditor
Dec 20, 2007, 3:57 pm
Ding Dong The Witch Is Dead! Former NYC Premium Auditor
Dec 20, 2007, 3:56 pm
RE: RE: What's Left ? Former Employee
Dec 20, 2007, 3:28 pm
Nothing's Left! Old Timer
Dec 20, 2007, 3:20 pm
RE: RE: RE: What's Left ?
Dec 20, 2007, 2:50 pm
RE: RE: What's Left ? j
Dec 20, 2007, 2:37 pm
RE: What's Left ?
Dec 20, 2007, 2:09 pm
What's Left ? Walt
Dec 20, 2007, 1:11 pm