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Montpelier first half net income drops 64%; Q2 off 13%

Montpelier Re, the Bermudian (re)insurer, said that first half net income dropped 64% compared to 2007.

First half net income for the first six months of the year to end-June dropped to $44.4m from $124m in the corresponding period last year.

However, second quarter net income was down just 13% year-on

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