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Bermuda-based Everest Re reported a net loss of $80.5 million for the year, driven by catastrophe losses. The loss compares to net income of $610.8 million in 2010. Everest Re recorded $41 million net income for the fourth quarter of last year, compa...

Platinum Underwriters Holdings Ltd sustained a net loss of $224.1 million for 2011 in a year when the company was hit hard by catastrophe claims. The company managed to scrape net income of $7.1 million in the fourth quarter, a result impacted by $55...

The California Earthquake Authority's Bermuda-listed catastrophe bond has raised another $150 million. The Listing Committee of the Bermuda Stock Exchange (BSX) has approved the listing of the second issuance from Embarcadero Re. The capital will pro...

A delegation from Bermuda will fly out to western Canada next week to try to drum up some captive insurance business for the Island. The group, which includes rival insurance managers working together to promote the Island as a domicile, will hold br...

BERN, Switzerland (Bloomberg) Axa SA, Europe’s second-biggest insurer, said total issuance of bonds designed to protect insurers from the risk of paying out on natural disasters could increase by 30 percent to $6 billion this year. “More new sponsors...

Right, so in spite of everything or perhaps because of everything in your career, you have arrived at a retirement decision. Make that semi-retire, because if you are like many close-to-retirees interviewed recently, you are not confident that your p...