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18 May 2012

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Digest

Ace posts 88.3% P&C combined ratio for 2009

10 February 2010

Swiss-headquartered Ace Ltd posted an impressive 88.3 percent P&C combined ratio for 2009, assisted by last year's modest claims environment.

Without the enervating effects of losses from hurricanes Ike, Gustav et al, Ace's net income more than doubled from $1,197mn in 2008 to $2,549mn last year.

Ace Ltd's chairman and CEO, Evan Greenberg, commented: "Our P&C combined ratio for 2009 was 88.3 percent - a world class result - and in terms of capital efficiency, we achieved an operating return...

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