Endurance posts $96.3 million in first quarter 2014 net income

Posted On: May. 7, 2014 12:00 AM CST

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.