Ace Quarterly Shows Less Loss
NU Online News Service, Oct. 30, 3:57 p.m. EST?Ace, Ltd., Hamilton, Bermuda, reported it had slowed its income loss during the third quarter while its combined ratio had improved by 45 points.
For the period ending Sept. 30, Ace reported a loss of $57 million in net income compared to a $442 million loss last year. For the nine months, the company said, net income has risen $437 million, going from a loss of $192 million in 2001 to $245 million.
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