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Bermudians swing to 9-month profit: Guy Carp

06 January 2010

The Bermuda firms tracked by reinsurance broker Guy Carpenter experienced strong recovery in their balance sheets as net income improved to $7.28bn in the first nine months of 2009, from a $440m loss in the first nine months of 2008.

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The Bermuda firms tracked by reinsurance broker Guy Carpenter experienced strong recovery in their balance sheets as net income improved to $7.28bn in the first nine months of 2009, from a $440m loss in the first nine months of 2008.

The Guy Carpenter Bermuda Composite’s underwriting figures improved, with total non-life underwriting profits jumping to $3.7bn in the first nine months...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield