Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Bermuda reinsurers see increased profits

Mark A. Hofmann

October 24, 2006 Reprints

Bermuda More + Less -

HAMILTON, Bermuda--Bermuda reinsurers are reporting higher net income in their financial results for the first nine months of the year.

In results released late Monday, Hamilton, Bermuda-based Everest Re Group Ltd. reported net income in the first nine months of 2006 of $634.5 million. That stood in contrast to the net loss of $56.5 million during the same period a year earlier.

Pembroke, Bermuda-based PartnerRe Ltd. also reported its results late Monday, with net income of $506.6 million for the first nine months of this year. That compared with a $17.4 million net loss during the first three quarters of last year.

A third reinsurer--Hamilton-based Platinum Underwriters Holdings Ltd.--also reported higher income on Monday. Platinum's net income for the first nine months of this year reached $243.7 million, compared with a loss of just under $35 million for the same period a year earlier.

Help

Bermuda reinsurers see increased profits

Readers Poll

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources