Paris Re to proceed with capital return as profits fall
Global reinsurer Paris Re produced $232m of underwriting income in 2007, down 38.7% on a year earlier on a net earned premium base that declined 5.9% to $1.13bn.
Paris Re said that the decrease in premiums principally came from a deliberate reduction in catastrophe exposures and from clients retaining more risk, adding that “to lesser extent it is also due to
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