Bermuda reinsurer reports underwriting, investment profits in third quarter

Posted On: Oct. 28, 2016 7:00 AM CST

Bermuda-based Watford Re Ltd. has reported an underwriting profit of $1.38 million, up from $1.3 million in the third quarter of 2015, Artemis.bm reports. Net investment income amounted to $27 million, while pre-tax income totaled $56.5 million. Gross underwritten premiums amounted to $163.7 million, up from $131.2 million in the year-ago quarter.