AN ExCELLENT
hALF yEAR
A strong second quarter follows a strong first:
Bermuda’s chief executive officers comment
on their companies’ financial results.
The saying goes: it never rains, but it pours. At a time when many of the large Bermuda
re/insurance companies are arguably overcapitalised, the first half of 2007 was a boom time
for most of them. Storms and flooding in the UK and Australia cut into profits at a few
companies, but in general, the large Bermuda entities face the kind of problem most of us
would pray for: too much capital.
Bermuda Re/insurance . September 2007 9
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