Montpelier Re Reports A First-Quarter Drop
NU Online News Service, April 28, 3:19 p.m. EDT?Montpelier Re Holdings reported a high frequency of large property losses drove first-quarter net income down by $34.5 million to $74.5 million.[@@]
The Bermuda-based reinsurer also saw its net premiums written fall for the quarter, declining to $279.4 million from $297.3 million one year ago. Net investment income rose slightly to $21.4 million from $15.3 million.
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