Ace boss Greenberg sees "firming rates" in Q4 as 2011 profit falls 49% to $1.59bn
Ace Insurance has reported 49% change in its year end profit having reported net income of $1.59bn (2010: $3.11bn) in 2011.
For the quarter ended 31 December 2011 it reported a 25% slide in net income to $750m (Q4 2010: $1bn).
Ace reported gross written premiums of $4.86bn for Q4 and $20.83bn for the full year compared to
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