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Arch Capital Group Ltd made a profit of more than $19 million in the first quarter despite booking catastrophe losses of nearly $180 million. The Bermuda-based re/insurer posted net income of $19.3 million, or 41 cents per share, compared to $210 mil...

The Bermuda Supreme Court has sanctioned the Official Receiver, the liquidator of the defunct Bermuda branch of the British American Insurance Comapany, to hold a meeting of the creditors on May 19. The scheme of arrangement drawn up to give life ins...

NEW YORK (Bloomberg) Alterra Capital Holdings Ltd investors should reject the insurer’s plan to reappoint KPMG-Bermuda after a government accounting board faulted the auditor’s work, said Institutional Shareholder Services Inc. The proxy-advisory ser...

The total expected losses from first quarter catastrophes for Bermuda re/insurers has exceeded $5 billion following the latest set of estimates released by three companies yesterday. Axis Capital Holdings Ltd has estimated a $285 million loss from th...

Four new insurance companies incorporated in March, according to the latest update from the Bermuda Monetary Authority. There were two class three companies established, Sterling Reinsurance Bermuda Ltd and JC Re Ltd, both under the management of Mar...

Scottish Re Group Ltd’s profits fell by more than $2 billion during 2010 due primarily to $242.2 million of net realised and unrealised gains on its invested assets. The re/insurer posted net income of $239.1 million or $1.09 per share for the year e...

Axis Capital Holdings Ltd today estimated a $285 million loss from the Japanese earthquake and tsunami that struck last month, while RenaissanceRe Holdings Ltd expects to take a hit of approximately $220 million and Argo Group International Holdings ...

Shares of Bermuda-based bond insurer Assured Guaranty Ltd jumped more than 29 percent in morning trading yesterday after the company said Bank of America will pay $1.1 billion to settle the Assured's demands that the lender buy back faulty mortgages....