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Leading Insurer to Open Rangoon Office

28 May 2013

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.