Bermudians outperform on low cats and reserve releases
The benign second quarter for catastrophe losses helped the majority of Bermudian reporters-to-date comfortably beat earnings expectations as the Q2 results season picked up in earnest last week.
Aspen Insurance Holdings led the pack, as its operating profits
more than trebled from $30.8mn to $105.8mn.
At $1.32 a share, operating earnings smashed Wall Street consensus
forecasts of $0.87 a share by more than 50 percent (see table).
Matthew Rohrmann of Keefe, Bruyette & Woods described the performance as "excellent", noting...
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