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Reprints
Endurance Specialty Holdings Ltd. has posted $96.3 million in net income for the first quarter of 2014, up from $92.1 million during the corresponding year-ago period, reports The Royal Gazette.
Gross premiums written fell 1.7% year on year to $1.16 billion, with reinsurance premiums falling 3.7%.
Endurance CEO John Charman said he expects challenging times ahead for the industry amidst competitive pricing and a prolonged low-interest-rate climate, reports The Royal Gazette.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms