Ace Life gets FSA approval to set up new company

Ace Europe has gained Financial Services Authority approval for the establishment of a new London based life insurance company.

 

Ace Europe Life will trade as Ace Life.

 

The new Life Company will initially focus on the protection market, offering term life products.

 

In addition, the company will also be developing a payment protection insurance proposition for its financial services partners.

 

ACE is a US based international insurance company.