Ace’s earnings hit by investment losses
Ace has reported reduced profits for the first nine months of 2011 and a loss for Q3, which it blamed on $760m in net realised investment losses.
The insurer reported profits of $835m for the first nine months, a drop of 60% year on year. The firm reported a $31m loss for the third quarter, compared with a $675m profit for the same period in
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