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Validus Holdings Ltd expects to take a hit of $55 million to $75 million from the two severe storm outbreaks that shook the US during April and May 2011, according to initial loss estimates. The storms consisted of flooding, hail, tornadoes and wind ...

Ram Holdings Ltd boosted its profits by $6 million during the first quarter of 2011, up from $1.8 million for the same period last year. Ram’s CEO David Steel said: “Our first quarter net income was largely driven by the continued run off of our info...

AM Best Co has affirmed at A- the financial strength rating of the operating units of Bermuda insurer Ironshore. The ratings agency also affirmed the company’s issuer credit rating of “bbb-” and declared a stable outlook for all ratings. The operatin...

AM Best Europe Rating Services Ltd has affirmed the financial strength rating of A- (excellent) and the issuer credit ratings of a- of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its subsidiary, the UK-based TT Club...

Argus Group Holdings Ltd rose two percent (ten cents) on The Bermuda Stock Exchange (BSX) yesterday. The insurer closed at $5.10 with 500 shares traded during the day. Butterfield Bank also saw its preference shares gain 1.62 percent ($20) to climb t...

West Hamilton Holdings Ltd dropped 34.72 percent ($2.66) on The Bermuda Stock Exchange (BSX) yesterday. The company, which is redeveloping the site of the former Bermuda Bakery, traded 2,000 shares to close at $5. Bermuda Commercial Bank Ltd also fel...

Bermuda re/insurer Lancashire Holdings Ltd received a boost yesterday, when AM Best Co upgraded the financial strength rating of its operating companies to A from A-. Issuer credit ratings of Lancashire Insurance Company Ltd and Lancashire Insurance ...

Butterfield Bank dropped 3.57 percent (five cents) on The Bermuda Stock Exchange (BSX) yesterday. The bank traded 30,900 shares to close at $1.35. The Ascendant Group Ltd also saw 25 shares change hands, but its share price held firm at $14.89. Overa...