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Bermuda-based reinsurer Platinum Underwriters Holdings last night posted a $53.5 million net loss as catastrophe claims impacted results. For Platinum, the first of the major Bermuda commercial re/insurers to post third-quarter results, it was the fo...

US Congressman Richard Neal and US Senator Bob Menendez have reintroduced legislation that aims to levy more US taxes from some Bermuda reinsurance groups. The Neal bill, which was referred to the House of Representatives Committee on Ways and Means ...

Meanwhile Bermuda-based Alterra Capital Holdings Ltd expects to take a $20 million to $30 million hit from Hurricane Irene and other catastrophe events during the third quarter of 2011. The insurer announced yesterday that the initial loss estimates ...

Montpelier Re Holdings Ltd expects to take a hit of $70 million from catastrophes in its third-quarter results. That total comprises $30 million from US events including Hurricane Irene and the Texas wildfires, $20 million from US regional aggregate ...

Bermuda-based reinsurer Platinum Underwriters Holdings yesterday said it expects to book $112.4 million in catastrophe losses in its third-quarter results. Some of these losses relate to increases in its loss estimates for catastrophes that occurred ...

Former XL Group chief executive officer Brian O’Hara yesterday warned a group of insurance industry professionals that history could repeat itself in the form of growing damages awards facilitated by a raft of new regulations in the US. Mr O’Hara was...

The market value of Bermuda’s international re/insurance companies plunged by hundreds of millions of dollars on Friday as their shares slumped. Their decline was more severe than the fall in the wider market and followed the downgrading of the sover...

As the Island is faced with mounting job losses, one company remains bullish on Bermuda and says it’s made a commitment to its employees to keep them on through the tough times. Freisenbruch-Meyer Group is also planning to expand, after finally winni...