Safeco to buy ACE USA Division

Safeco Corp. USA and ACE announced an agreement to choose Safeco Insurance Services USA Inc. to acquire ACE Financial Institution Specialists (FIS) Division. The acquisition of FIS ‘$ 80 million pounds of the premium is more than twice as large as Safeco Select, a subsidiary hundred per cent of Safeco Corp., and exploitation of the world’s largest insurance providers nationality credit endangered, outsourcing, insurance and other products and services for financial institutions. While the terms of the agreement were not disclosed, Safeco acquire more select the FIS federal insurance program-Seine, Irvine, California, and its headquarters Insurance Service Center Latham, NY USA ACE will retain the FIS ‘Direct Business Unit specialists that. die markets optional insurance program, including Disaster Mortgage Protection (SM), by financial institutions and other opportunities directly to consumers.

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