Leading Insurer to Open Rangoon Office

ACE, one of the world’s largest insurance companies, has announced plans to open an office in Rangoon later this year. The Zurich-based insurer said in a statement on its website that it had received provisional approval from the Directorate of Investment and Company Administration to establish a representative office in Burma, and would do so after completing the registration process. The move comes as a growing number of Western companies enter the Burmese market amid reforms that have signaled the end of nearly 50 years of military-imposed isolation and international sanctions.

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