Platinum Q1 net income drops to $84.9m
Platinum Underwriters Holdings, the Bermudian (re)insurer, said that net income dropped over 19% to $84.9m in the first quarter of this year, down from $105.1m this time last year.
Net premiums written decreased $51m, or 17.2% to $245.3 m and net premiums earned decreased $54.1m (or 17.9%) to $247.8 m from $301.8m this time last year.Investment gains rose to $20.5m from $2
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