ACE Ltd. reported first-quarter net income increased 43 percent compared with the same year ago period.
The Bermuda-based primary and secondary insurer reported net income of $701 million, $2.10 per share, compared with $489 million, or $1.46 per share for the same 2006 period.
Bear Stearns analyst David Small said the quarterly results indicate evidence that the company is one of the best run in its coverage universe.
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