Q3 Earnings Report: Transatlantic, W.R. Berkley Post Lower Profits - Surety Bond Forums

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10-29-2011, 11:01 AM

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Q3 Earnings Report: Transatlantic, W.R. Berkley Post Lower Profits

New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago. The earnings were hurt by $71 million of pre-tax net catastrophe costs (net of reinsurance and net reinstatement premiums) …

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