3Q reveals a deleveraged Montpelier Re
Bermudian reinsurer Montpelier Re has reported net income of $76m for the third quarter set against a loss of $730.3m for the same quarter in 2005. The figures came on the back of a 58.3% combined ratio
Analysts Keefe Bruyette and Woods (KBW) noted that Net written premiums of $107.8 million were down 31%, excluding reinstatements as the company continued to reduce its risk exposures and has placed
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