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Odyssey Re Q1 net income dwindles

Odyssey Re, the US reinsurer, said that net income fell to $0.9m in the first three months of 2009, down from $249m for the first quarter of 2008.

The results in the first quarter 2009 net income were after-tax net realized losses of $64.6m, compared to after-tax net realized gains of $209.9m, for the first quarter of 2008.
Net premiums

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