Most Bermuda insurers and reinsurers recouped their bottom-line losses for 2005 with their 2006 earnings, according to a recent partial survey of the sector.
The findings were reported in the 13th annual Bermuda Insurance Survey–a collaborative effort between Deloitte, Standard & Poor's and The Bermudian Business magazine.
Of 20 insurers and reinsurers participating in the survey, the study found only monoline catastrophe writers Montepelier and IPCRe reported 2006 earnings that were lower than 2005 losses arising from Hurricanes Katrina, Rita and Wilma.
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