In collaboration with experts on the AEMR
team, a documentation tool was designed.
Several jobs will be produced by the MoE*Eomedes Railroad, while the other jobs will come from the steel production industry, coal production, mining at the Tchamutete plus Jamba mines and the residual part will be offered by AEMR and the Sacomar dry dock in Namibe province.
In the meantime, AEMR has unearthed an iron ore deposit of an anticipated 100Mt in the Cateruca area of the Cassinga Norte project in recent times.
Jim Hooban, Managing Director of AEMR
, said, "We are delighted to have Tony Spice joining us in Dublin to head up the new reinsurance operation, his experience and market knowledge will be an asset in leading ACE's business development efforts.
Best's view of AEMR as a core subsidiary of its ultimate parent, ACE Bermuda Insurance Limited (ACE Bermuda), which is a wholly owned subsidiary of ACE Limited (NYSE: ACE).
Parental reinsurance support--The quota share reinsurance agreement between AEMR and ACE Bermuda came into effect 1 September 1997, and was revised 1 January 2001.