ACE INA has sold the premium financing business of its subsidiary, INAC, to Cananwill Inc., a subsidiary of Aon Corporation. The sale was effective October 16, 2000. INAC was acquired by ACE INA as part of the purchase of the global property and casualty operations of CIGNA Corporation in July 1999. Under terms of the agreement, ACE INA is only including renewals and its interest in the future business in this transaction.
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