Montpelier Re's Profit Up Sharply
NU Online News Service, July 28, 10:05 a.m. EDT?Montpelier Re Holdings, a Bermuda-based reinsurance company, said its second-quarter net profit increased more than threefold to $112.5 million from $33.1 million it reported one year ago.
The company also noted that its gross premiums written for the second quarter was $ 194 million, up from $136.3 million recorded a year ago. Net premiums written similarly rose, to $186.6 million from $131.8 million posted in the 2002 second quarter.
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