Bermudian reinsurer Allied World Assurance Holdings has posted a $129.6m (£80m) profit in the first half of the year.
The profits, up from $44m (£27m) in 2002, were fuelled by an increase in its gross written premiums (GWP) to $839.1m (£517m).
The property and casualty specialist made a $73.8m (£45m) profit in the first quarter.
Its net written premiums (NWP) reached $390m (£240m), compared to $271m (£160m) a year before.
