Montpelier Re hit by 2005 losses
Montpelier Re Holdings has confirmed that it had a very bad year in 2005, after it reported a net loss for the quarter ended December 31, 2005 of $61m, compared with net income of $102.4m, for the same quarter in 2004.
The loss excluding net realized losses for the fourth quarter was $53.2m, compared with income of $94.6m, for the same quarter of 2004. The company ended 2005 with a fully converted book value per
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