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ACE Tempest Re to write reinsurance in China


HAMILTON, Bermuda--ACE Tempest Re Group has established an underwriting presence at Lloyd's Reinsurance Co. (China) Ltd. in Shanghai to offer all lines of property/casualty reinsurance, ACE Tempest Re announced Thursday.

ACE Tempest Re also said Thursday that it will be offering facultative and treaty reinsurance in the Chinese market.

"We are excited by the burgeoning reinsurance opportunities of the Chinese market and look forward to building a successful business through our involvement with Lloyd's in China," said Evan G. Greenberg, chairman and chief executive officer of ACE Ltd.

Bo "Boris" Zheng, director of underwriting, will represent ACE Tempest Re at Lloyd's in China, the company said.

Bermuda-based ACE Tempest Re is the reinsurance unit of ACE Ltd.