Back in the black.
Bermuda-based P/C insurers rebounded from hurricane hurricane, tropical cyclone in which winds attain speeds greater than 74 mi (119 km) per hr. Wind speeds reach over 190 mi (289 km) per hr in some hurricanes. losses in 2004-05 to post strong results for 2006 and '07, due to the fundamental quality of underwriting Underwriting
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).
2. The process of issuing insurance policies. . But insurers are approaching July's renewal cycle cautiously. (A.M. Best Special Report, Bermuda Bermuda (bûrmy`də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the Insurers Carry Strength into a Softening softening /sof·ten·ing/ (sof´en-ing) malacia.
a change of consistency, with loss of firmness or hardness. Market, April 21, 2008)
Bermuda Insurers/Reinsurers--Shareholders' Equity Breakdown (2007) Class of 2005 11% Class of 2001 23% Established Companies 66% Note: Total equity is the total reported equity of the company. Note: Table made from pie chart.