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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...

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 ...

Alterra Capital Holdings Ltd., the Bermuda-based reinsurer, expects to lose $18 million to $28 million before taxes because of costs tied to tornadoes and other severe U.S. storms in April and May. The prediction, which also cited recent flooding alo...

AM Best Co has upgraded the issuer credit ratings (ICR) and senior debt ratings to “a” from “a-” for Ace Ltd and Ace INA Holdings Inc. Concurrently, Best has upgraded the ICR to “aa” from “aa-” and affirmed the financial strength rating of A+ (superi...

NEW YORK (Reuters) - Catastrophe modeller Eqecat released a defence of its loss estimate of $3 billion to $5 billion for last Monday’s Christchurch earthquake, saying its models suggested that would be the incremental damage to the city over and abov...

Global property and casualty insurer Ace Ltd said yesterday it acquired the 49 percent of its Malaysian joint venture that it did not already own, from Advance Synergy Capital Berhad for $39 million in cash. The purchase of Ace Synergy Insurance Ber...