Ace delivers leap in profits
Ace has reported a rise in net income to $1.84bn [£1.2bn] for the first six months of the year, from $1.3bn in 2012.
The insurer achieved a combined operating ratio of 88.1% for the period, a small improvement on the 88.9% in the first half of the year before.
Gross written premiums at the provider totalled $10.99bn (H1 2012: $10.44bn).
While it did not provide a breakdown for the UK, the insurance - overseas general division (which excludes North American business) delivered a rise in GWP to $4.17bn (H1 2012: $3.94bn).
Operating income for this part of Ace was also up at $495m from $446m in the first six
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