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”.

Login Register Subscribe

Bermuda reinsurers see increased profits


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.