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Bermuda reinsurer Validus Holdings Ltd. posted an 81 percent rise in second-quarter net income, thanks to revenue growth, a lack of catastrophe claims and an increase in the market value of its investments. The company, which is aiming to complete it...

XL Capital Ltd. is back on a firm footing and competing well in a tough insurance market, according to the company's boss Michael McGavick. The Bermuda-based business insurer's chief executive officer told The Royal Gazette the company's book of busi...

Montpelier Re Holdings Ltd. recorded net income of $159 million for the second quarter on low claims and a rise in the value of its investments. Net income for the April through June period was $159 million, or $1.81 per share, and $211 million, or $...

Insurance rates continued to fall across most lines of business as companies competed vigorously for business according to a wide-reaching industry survey. The Risk and Insurance Management Society (RIMS) Benchmark Survey showed the soft market conti...

Bermuda reinsurer RenaissanceRe Holdings Ltd.'s net income almost doubled year on year in the second quarter to $271.2 million, boosted by increased revenue. The Class of 1993 reinsurer also benefited from $106 million in favourable prior years' deve...

Ryan Cabral was selected from a pool of 19 applicants to receive the inaugural Montpelier Re Scholarship. The 19-year-old Bermudian, who is entering his third year in a Bachelor of Business management Programme at Dalhousie University in Halifax, Nov...

Bigger is not necessarily better in the reinsurance market, according to Montpelier Re executive chairman Anthony Taylor. Montpelier's name has been suggested in some wire reports as a likely merger candidate or takeover target, after two Bermuda rei...

Bermuda-based reinsurer PartnerRe posted net income of $474.3 million for the second quarter, boosted by a lack of catastrophes and an increase in the value of investments. The company, which is set to become the world's fourth largest reinsurer by s...

Just over half of respondents in a poll of readers of the industry magazine Reactions believe that Bermuda is still the place for new insurers to go with start-up capital. While the Island has attracted the vast majority of start-ups and their capita...

Bermuda-based XL Capital Ltd. has sold its US life reinsurance operations to a unit of the Scor Group in a cash deal worth $45.1 million. XL announced last summer that it was exploring options for its life businesses as it sought to sharpen its focus...