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Bermuda re/insurer Arch Capital Group Ltd profits rose nearly 15 percent in the third quarter over last year despite recording almost $60 million in catastrophe losses. Arch reported net income of $162.5 million, or $1.19 per share, compared to $141...

US President Barack Obama yesterday proposed a move that would increase the US tax paid by some Bermuda-based reinsurers and clamp down on multinational companies using offshore entities for “earnings stripping”. The moves were outlined in the Presid...