In addition to Montpelier Re, a member of Bermuda's "Class of 2001," some of the already diversified members of the same class signaled strategic shifts and expansions of their businesses during the quarter.

The companies set up in the wake of the 9/11 attacks were not alone, with members of earlier and later classes describing plans to expand or change their business models.

A common theme involves adding more insurance business to mixes that include both reinsurance and insurance.

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