April 22nd, 2010

Chart: Guy Carpenter Bermuda Reinsurance Composite: Sources of Earnings, 2008 – 2009

Posted at 9:00 AM ET

berm-comp-2010-full-year1

Source: Company Reports & Accounts, Guy Carpenter

Fortunes for this cohort of companies improved dramatically and unexpectedly in 2009 following the poor performance during 2008’s global financial crisis.   Aggregate net income stood at USD9.5 billion in 2009 versus a loss of USD1.9 billion in 2008.  One  principle driver in 2009 was a 71 percent increase in underwriting earnings.

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