U.S. reinsurers as a group saw net income increase 7 percent in the first quarter of 2005, according to a report by London-based Benfield.
The reinsurance and risk intermediary's study of 13 reinsurers included a warning that "the impending hurricane season and anticipated reserve strengthening during the rest of 2005" will impact earnings of the companies that were studied.
Benfield said its research found income in the first quarter was increased by the lack of a major catastrophe and favorable reserve developments.
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