Endurance sees reinsurance premiums down a third in Q1
Bermudian (re)insurer Endurance saw net premiums written of $640m .6m in the first quarter of 2008, an increase of 20% over the same period a year earlier as the agricultural premiums written in the insurance segment by recently acquired agricultural insurer ARMtech Insurance Services made their mark.
The group produced a combined ratio of 84.4%, which included 11 percentage points of favorable prior year loss reserve development overall, net income fell to $79m from $105m a year earlier.
However
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