Ace Grows Net Income 20.9% in Q2

Ace Group, an international property and casualty insurer, grew its net income 20.9% in the second quarter of 2015 amid rising premium and a dropping combined ratio. The company's net income rose from $779 million during the second quarter of 2014 to $942 million during the same time period this year, according to a Tuesday earnings report. Net written premium growth contributed to the increase, jumping up 4.9% from $4.6 billion to $4.8 billion between second quarters. Overall, the company's combined ratio inched upward from 87.5% to 87.7%. However, the company's North ...