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American Safety Insurance Holdings Ltd’s net earnings rose to $7.9 million during the first quarter of 2011 from $6.5 million in the same period in 2010. The Bermuda-based company’s net earned premiums increased 27 percent to $54.4 million, while net...

The massive catastrophe losses that wiped out tens of billions of dollars in re/insurance industry capital have not been enough to bring significant increases in rates, according to Aon Bermuda chief operating officer Joe Rego. Mr Rego spoke yesterda...

Flagstone Reinsurance Holdings last night reported a first-quarter net loss of $161.2 million on heavy catastrophe losses. The loss broke down to $2.32 per share and compared with net income of $31.5 million, or 38 cents per share in the first quarte...

Argo Group International Holdings Ltd posted a net loss of $92 million during the first quarter of 2011 as catastrophe losses totalling more than $110 million took their toll. The re/insurance company had previously made a profit of $20.7 million for...

Bermuda retained its lead as the world’s number one captive domicile in 2010 but newly formed captives are increasingly likely to set up in onshore US domiciles. Those were among the findings of report entitled ‘Trends and Performance 2011 Captive Be...

Four companies from the Bermuda re/insurance market tonight announced combined first-quarter net losses of more than $1.1 billion, as catastrophe losses took a heavy toll. PartnerRe reported a net loss of $807 million, as the company was hit by catas...

The billions of dollars of global insurance and reinsurance capital wiped out by claims in a first quarter of devastating catastrophes has not stalled the continuing decline in US insurance rates. That is the finding of the RIMS Benchmark Survey, whi...