Ace has posted $573m in net income for the second quarter.
This represents a 31% increase for the Bermuda-based insurer on the same period in 2005.
The insurer's combined ratio for its property and casualty business was 88%, while property and casualty net written premiums increased by 6%. Total investment income is expected to be around $1.5bn.
Evan Greenberg, Ace's president and chief executive, commented: "This was another excellent quarter for ACE, marked by both record net and operating income.”
He added: “Our premium growth in the quarter reflects current market conditions globally, which in all remain favourable but mixed.
"We have a broad geographic and product reach and take a balanced approach to our business – capitalizing on opportunities when they make economic sense and walking away from business when it does not.
"For six months, our annualized ROE was 18%, which reflects an efficient use of capital.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
