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Ace Q2 profit increases

27 July 2010

US insurer Ace today reported net income for the second quarter of $677m, compared with $535m in the same period last year.

Read more: ace evan greenberg

US insurer Ace today reported net income for the second quarter of $677m, compared with $535m in the same period last year.

Net income for the first half was $1.4bn, compared with $1.1bn for the first six months of 2009.

Gross premiums written totalled $5.2bn in the second quarter of 2010, compared with $5.1bn...


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If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield