U.S. reinsurers as a group saw net income increase 7 percent inthe first quarter of 2005, according to a report by London-basedBenfield.
The reinsurance and risk intermediary's study of 13 reinsurersincluded a warning that "the impending hurricane season andanticipated reserve strengthening during the rest of 2005" willimpact earnings of the companies that were studied.
Benfield said its research found income in the first quarter wasincreased by the lack of a major catastrophe and favorable reservedevelopments.
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