Montpelier Re’s net income plunged by more than 60 percent in the fourth quarter of 2010 as claims doubled and investment income declined.The Bermuda-based specialty reinsurer said today that net income for the quarter fell from $104.7 million in the three months to the end of December, 2009 to $42.2 million in the same period in 2010. Operating income per share for the quarter was 81 cents compared to $1.12 a year earlier.For the year, net income also dropped from $463.5 million to $208.7 million, or from $3.13 a share to $2.30 a share.See tomorrow's Royal Gazette for the full story