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With rivals clearing out, Swiss insurer Ace (ACE) is getting closer to a purchase of New York...
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Thursday, September 23, 2010, 2:33 PM ETWith rivals clearing out, Swiss insurer Ace (ACE) is getting closer to a purchase of New York Life's units in Hong Kong, Taiwan and South Korea, valued roughly at $500M-600M. Ace stayed profitable through the credit crisis and has already announced $1.3B in acquisitions this month.
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