Analyst: ACE Will Add $400M Asbestos Reserve
NU Online News Service, June 17, 3:54 p.m. EDT?An investment firm analyst is forecasting that a comprehensive asbestos study planned by Bermuda-based insurer ACE Ltd. will result in a $400 million reserve strengthening, pretax, by the company later this year.[@@]
The company had no immediate comment, but said they would have a response later.
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