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Three new insurers were registered last month, bringing the total number of new incorporations for the first four months of the year to ten. In a statement yesterday, regulator the Bermuda Monetary Authority said that Class 3 insurer Aeolus Re Ltd, c...

Aspen Insurance Ltd yesterday became the 12th Bermuda-based reinsurer approved for lower collateral requirements by the state of Florida. The Florida Office of Insurance Regulation made the announcement yesterday. The state approves effectively allow...

Five domestic companies saw their share prices fall on the Bermuda Stock Exchange last week. More than half a million shares traded in broker-dealer LOM (Holdings) Ltd, mostly purchased by a company owned by the LOM’s CEO and director Scott Lines. LO...

Serious investing in earthquake mitigation measures for properties need to be made to protect Americans in areas of high seismic risk. That was one of the conclusions to come out of the Seismic Risk Mitigation Leadership Forum, which had Bermuda rein...

Ram Holdings Ltd posted a $13.5 million net loss for the fourth quarter of 2010. This compares to net income of $6 million for the same period in 2009. Net income available to common shareholders for the full year 2010 was $11.8 million or 45 cents p...

LONDON (Bloomberg) Hiscox Ltd, the second-biggest Lloyd’s of London insurer by market value, said first-quarter sales fell eight percent amid a “tough” market. Gross written premiums declined to 453.5 million pounds ($743.4 million) in the year to Ma...