First-half 2009 financial results for property and casualtyinsurers and reinsurers in Bermuda saw two of the smallest players“moving on” after failing to bulk up with a second-quarteracquisition, and demonstrating stronger premium growth than theirBermuda counterparts.
According to statistics compiled by NationalUnderwriter for 17 publicly traded companies created inBermuda, Flagstone Reinsurance Holdings and Max Capital Group–whichhave the smallest capital bases of the group–reported the largestjumps in premium for first-half 2009 over the same period in2008.
While growth measured from asmall starting base will be numerically easier to achieve thangrowth from a larger one, six other companies among the 17 reporteddeclines, and the group collectively reported a 1.6 percent drop ingross written premiums in the first six months of 2009.
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