New Bermudians Still Strong After FirstTest
To Montpelier Re CEO Anthony Taylor, it was “no mean feat” thathis company achieved an underwriting profit in 2004.
Montepelier reported the lowest combined ratio among the Bermudacompanies whose results we summarize in this issue. But thethree-word description Mr. Taylor chose to highlight a profitableresult that occurred during the industry's worst year for naturalcatastrophes applies equally well to the entire class of Bermudainsurers to emerge after Sept. 11, 2001. As a group, five membersof the class (those that already reported year-end results) had acombined ratio less than 90.
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