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ACE Ups Guidance As Net Income Climbs

In spite of incurring $88 million in pre-tax catastrophe losses, Bermuda-based ACE Limited reported a 13 percent increase in second-quarter net income yesterday with a 21 percent jump in investment in

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In spite of incurring $88 million in pre-tax catastrophe losses, Bermuda-based ACE Limited reported a 13 percent increase in second-quarter net income yesterday with a 21 percent jump in investment income boosting the bottom-line result.

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