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Underwriting income rises 39 per cent, with continued growth in the company’s insurance business

The country’s insurance penetration is low, less than 5 per cent, with limited insured property

The financial strength and long-term issuer credit ratings are moved up from A- to A

International insurers and reinsurers are collectively the largest private-sector employers in Bermuda

A higher combined ratio and net unfavourable reserve development impact the reinsurer’s results

The insurer’s quarterly net income grows owing to strong underwriting discipline as cat losses ease

The Wall Street Journal criticises lack of oversight in the island’s regime, but most examples refer to Bermuda

The definitive agreement calls for the transfer of renewal rights for a majority of retail insurance portfolios

Malcolm Barnes is responsible for building and managing the group’s speciality treaty business

In earnings call, the insurer says it leans on discipline and AI to achieve its strong Q3 results