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Endurance profits up sharply

Michael Bradford

November 05, 2003 Reprints

European Union P/C Insurers Asia-Pacific & Australasia Bermuda Canada China Latin America United Kingdom More + Less -

HAMILTON, Bermuda--Endurance Specialty Holdings Ltd. is the latest Bermuda insurer to report soaring profits.

Endurance's net income reached $174.5 million for the first nine months of the year, up from $63.5 million in 2002. Gross premiums written were $1.3 billion, compared with $623.5 million for the first nine months of last year. The gross written premiums include business acquired from HartRe Co. L.L.C. and LaSalle Re Ltd.

"Despite seasonal catastrophe losses, every segment of our business performed well," Kenneth J. LeStrange, chairman and chief executive officer, said in a statement.

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Endurance profits up sharply

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