Casualty Rates Still Climbing: ACE CEO

Bermuda-based insurer ACE Ltd. posted $371 million for its second-quarter profit–more than tripling the net income of $104 million posted one year ago–thanks to higher premium rates and investment gains.

Net premiums written for the last quarter rose 28 percent to $2.4 billion compared to one year ago, helped by rising rates, the insurer said.

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