IPC Holdings Q1 net income up; gross written premiums off 16%
IPC Holdings, the Bermudian (re)insurer, said that gross written premiums for the first three months of the year dropped 16% to $197.9 million, compared to $236.2 million in the first quarter of 2007.
Net income for the first three months of the year to end-March rose to $86.8 million, compared to $77.2 million for the first quarter of 2007.
Net premiums earned in the quarter ended March 31, 2008
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