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Bermuda-based Annuity and Life Re (Holdings) Ltd. yesterday reported net income of $19.46 million or 76 cents a share for the company's first nine months of operation. Net income for the quarter ended December 31 was $9.23 million or 34 cents a share...

giving insurance companies the edge on the competition, according to industry experts. Bermuda-based Renaissance Reinsurance Ltd. and ACE Ltd. subsidiary Tempest Re are on the forefront among companies using catastrophe modelling techniques to better...

A new international telecommunication company building a network linking the South Pacific with North America has made Bermuda its international headquarters. Southern Cross Cable Network will join Global Crossing Ltd. and Project Oxygen Ltd., two ot...

and reinsurers into the convergence market. The unit, named XL structured enterprise risk, will focus on programmes blending insurance, risk financing and elements of financial guarantee. Clive Tobin will move from heading the XL capital products uni...

The tussle for market share in transforming risk into capital market products between the insurance industry and investment bankers broke into a verbal sparring match between proponents of each sector during a discussion on securitisation yesterday a...

After listening all morning to insurers and reinsurers talk about the state of their business, Bermuda-based consultant James Martin came to the conclusion that the sector is going to have to get on the technology bandwagon. "Over the next few years ...

The insurance industry is chasing growth mainly through acquisition and sometimes by innovative product development in an effort to survive in a tough marketplace, top executives at the World Insurance Forum said yesterday. The drive to succeed and c...

yesterday announced an agreement to buy US based NAC Re Corp. for $1 billion in stock. The purchase, due to be completed in the second or third quarter of the year, leapfrogs XL into a major position in the US insurance and reinsurance market. It was...

Bermuda-based Orbis Investment Management Ltd. has scored it big in the tough Japanese stock market. Orbis had the best performing Japanese equity fund in 1998 according to Standard & Poor's Micropal Ltd. The Orbis Japan Equity (Yen) Fund earned an a...

percent to $488.3 million or $3.87 a share for the year ended December 31, compared to 1997. The company had total revenues of $1.3 billion for the year. Total assets increased to $4.4 billion. Members' equity was about $2.5 billion at December 31. O...