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Bermuda market property and casualty re/insurers’ combined profits fell more than 40 percent during the second quarter of 2011 as companies counted the cost of the US storms of April and May and revised estimates for their first quarter losses. As a ...

Four re/insurance companies and one broker set up in Bermuda during July, bringing the total number of new companies in the industry for the year to 31. Class 2 insurer Seven Oaks Insurance Ltd was formed by Marsh IAS Management Services Ltd on July ...

Argo Group International Holdings Ltd has announced that it has reached agreement on a strategic investment in SureTec Financial Corp, the parent of SureTec Insurance Company, a provider of contract and commercial surety bonds. The 20th largest suret...

An organisation representing Bermuda’s captive managers is seeking to beef up and broaden its membership. The Bermuda Insurance Management Association (BIMA), whose membership has traditionally been dominated by captive management companies, is seeki...

LONDON (Bloomberg) - Hardy Underwriting Bermuda Ltd said its first-quarter net loss estimate for Australian floods, Cyclone Yasi and earthquakes in New Zealand and Japan was in the range of £21 million to £26 million, as of May 18. Hardy will report ...

NEW YORK (AP) - Transatlantic Holdings Inc on Thursday said its board rejected a hostile takeover bid from fellow insurer Validus Holdings Ltd, and remained committed to go ahead with plans to combine the company with Switzerland-based Allied World A...

Bermuda-based Montpelier Re Holdings Ltd’s profits dropped almost $50 million during the second quarter as the company suffered $39 million of catastrophe losses from the tornadoes in the US in April and May. The re/insurer reported net income of $21...