Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Q3 cats wipe out a year of profits at Bermudian (re)insurers

Iulia Ciutina 7 November 2017

Bermuda-based carriers not only saw their third quarter earnings evaporate but also as much as six quarters worth of operating profits following an active hurricane season that is expected to yield up to $100bn in industry insured losses.

Click to enlarge The composite generated an annualised operating loss on equity of 30.7 percent for the quarter with an aggregate operating loss of $2.67bn.

This was greater than the operating profits generated in the previous four quarters by the Bermudians of...

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This article was published as part of issue November 2017/1

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