Endurance reported a dip in operating profits of 30 percent to $53.6mn as preannounced second quarter cat losses fed through to the bottom line.
At $0.81 a share, the performance represented a miss compared to Wall Street consensus forecasts of $1.11 a share.
But the Bermudian was able to generate strident top-line growth as gross written premiums (GWP) leapt 32.0 percent to $1.14bn.
Endurance chairman and CEO John Charman noted that as well as targeted growth across the Bermudian’s global…Read more @ Insurance Insider