NU Online News Service, Aug. 3, 3:05 p.m. EDT
Four reinsurers posted positive numbers for the second quarter of this year as a benign catastrophe season helped lift net income considerably over last year's second quarter.
Allied World based in Zug, Switzerland, says its second-quarter net income rose 3 percent, or $2.6 million, to $96.4 million. Revenues also rose 3 percent, or $14 million, to $481 million in the quarter.
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