NU Online News Service, Nov. 2, 3:55 p.m. EDT
Net income was down for two reinsurers reporting 2010 third-quarter results, while profit for a specialty lines insurance and treaty reinsurance company returned to the black.
Everest Re Group Ltd. of Hamilton, Bermuda, said its net income for the quarter was $174.2 million compared to $228.6 million during the same quarter a year ago.
Third-quarter net income was also down for Luxembourg's Flagstone Reinsurance Holdings--to $37.3 million from $67.1 million.
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