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Ace reports good Q2 figures

Bermuda-based Ace has reported net income for the second quarter of 2004 of $413m, an increase of 11.3% compared with net income of $371m for the same quarter last year.

Income excluding net realized gains (losses) for the second quarter increased 33% to $380m, compared with $286m for the same quarter of last year.

On April 28, 2004, Ace completed the sale of 65.3

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