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Bermuda-based re/insurer Maiden Holdings Ltd last night reported better than expected earnings for its first quarter. The company posted a net income of $25.0 million, or $0.34 per diluted common share, compared with net income of $20.4 million, or ...

Bermuda-based hedge fund backed reinsurer, Third Point Re is reportedly poised for an initial public offering, according to three sources cited by Reuters. Third Point, the $11.6 billion hedge fund run by billionaire Dan Loeb, is apparently working ...

Bermuda-based Hiscox Ltd said its first-quarter revenue rose on higher demand and casualty premium rates in the US. The second-largest Lloyd’s of London insurer by market value reported gross written premiums advanced 12.3 percent to £506.1 million (...

Bermuda-based Argo Group International Holdings, Ltd reported increases in both gross premiums written and net income for the first quarter of 2013. The company posted a net income of $32.7 million or $1.28 per diluted share compared to $19.6 millio...

Blue Capital Management, the third-party capital and reinsurance-linked fund management arm of Bermuda-based reinsurer Montpelier Re, has successfully raised new funds for its flagship listed catastrophe reinsurance and retrocessional linked investme...

XL Group reported a first-quarter profit nearly double that of a year ago on improved underwriting results and higher affiliate earnings. The company posted a profit of $350.8 million last night or $1.17 a share. That’s nearly double the $176.6 mill...

Marsh & McLennan Companies has joined its fellow brokers in reporting strong Q1 results after reporting 4 percent organic growth. The broker’s first quarter earnings were up 19 percent over Q1 of 2012 led by its risk-and-insurance division. Marsh rep...

Markel Corporation has announced it has completed its acquisition of Bermuda-based Alterra Capital Holdings Limited. The merger’s closing follows the receipt of all the necessary regulatory approvals. Markel chairman and CEO Alan Kirshner said the a...

Willis Group Holdings Plc last night reported organic growth of 4.1 percent in the first quarter of 2013 and exceeded Wall Street expectations. The London-based broker posted a first-quarter net income of $219 million or $1.24 per share, down from $...