Cats and week investment income forces Odyssey's Q2 net income slide
Odyssey Re, the Bermudian (re)insurer, said that second quarter net income dropped to $65.2m from $145.5m a year earlier, hurt by catastrophe losses and weaker investment income.
The company said that catastrophe losses for the quarter were $23.2m – principally related to its Euro Asia division, which sent the combined ratio up to 98.7% from 93.9%.
For the first six months of
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