Underwriting performance at Montpelier Re worsened significantly during the first quarter, as increased expenses, higher losses, lower reserve releases and reduced investment gains drove a 42 percent reduction in net earnings to $52.1mn.
Underwriting performance at Montpelier Re worsened significantly during the first quarter, as increased expenses, higher losses, lower reserve releases and reduced investment gains drove a 42 percent reduction in net earnings to $52.1mn.