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Ace CEO marks 'strong start' following big profit rise

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Ace boss Evan Greenburg has heralded his firm's "strong start to the year" after the Bermuda-based insurer posted first-quarter results showing a net income jump from $250m (£155m) to $973m (£604m).

The rise represents a staggering increase of 289% on the same period last year, in which time individual share prices have reached $2.84 compared with $0.73.

Book value and tangible book value

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