Montpelier Re's Profit Up Sharply

NU Online News Service, July 28, 10:05 a.m.EDT?Montpelier Re Holdings, a Bermuda-based reinsurancecompany, said its second-quarter net profit increased more thanthreefold to $112.5 million from $33.1 million it reported one yearago.

The company also noted that its gross premiums written for thesecond quarter was $ 194 million, up from $136.3 million recorded ayear ago. Net premiums written similarly rose, to $186.6 millionfrom $131.8 million posted in the 2002 second quarter.

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