Bermuda reinsurers' net income for the year's first half rose 14 percent to a record $4.5 billion, according to a new report put out by London-based Benfield Group Ltd. today.
The Benfield Bermuda Quarterly group carriers' combined ratio improved slightly to come in at 89.2 as 2005 catastrophe reserve additions were more than offset by releases from other classes.
Total gross premium written for the group declined 4 percent to $31 billion.
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