BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
HAMILTON, Bermuda--ACE Ltd. reported net income of $701 million in the first quarter of 2007, up 43% from $489 million during the first quarter of 2006, the insurer reported Tuesday.
Property/casualty net premiums written decreased from the prior-year quarter to $3.27 billion from $3.31 billion, Hamilton, Bermuda-based ACE also reported.
The insurer's combined ratio was 87.1% in the quarter, down from 90.6% in the prior year.
"Net written premium growth was in line with market conditions," said Evan Greenberg, ACE's president and chief executive officer, in a statement.
"Globally, we are maintaining underwriting discipline and avoiding business where prices and terms don't meet our standards, while driving for growth in those areas where we see opportunity," he said.