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The major re/insurers of the Bermuda market saw their net earnings fall by more than 10 percent last year, as catastrophe losses and lower investment returns ate into profitability. A survey of the results of 20 leading companies all of whom have a m...

NEW YORK (AP) Robert Benmosche, chief executive of the bailed-out insurance company AIG, isn’t known to be shy. On Friday’s conference call to discuss earnings, a Goldman Sachs analyst baited him with a question: “If pre-crisis you were the 800-pound...

Tokio Millennium Re Ltd (TMR) has become the seventh Bermuda reinsurer to be approved for lower collateral requirements by the state of Florida. The company, a subsidiary of Tokio Marine & Nichido Fire Insurance Co Ltd, will now be able to post 20 pe...

NEW YORK (Bloomberg) Bermuda-based bond insurer Assured Guaranty Ltd, which faces a potential cut in its credit ratings under proposed changes by Standard & Poor’s, said it may sell debt to bolster capital if doing so would prevent a downgrade. The c...

NEW YORK (Bloomberg) New Zealand’s deadliest earthquake in eight decades, which toppled buildings and trapped workers in Christchurch, the country’s second-largest city, may lead to higher prices for reinsurance in the Asia-Pacific region. Bermuda is...

Endurance Specialty Holdings Ltd announced yesterday that William Bolinder has been elected as its new chairman, effective March 3. He will succeed Kenneth LeStrange, who founded Endurance in 2001. Mr Bolinder has been a member of the Bermuda re/insu...

Global business insurer XL Group’s shares soared 5.34 percent in trading on Friday to a two-and-half-year high of $24.65. This came after XL announced that two of its Bermuda-based subsidiaries had received approval from the New York Insurance Depar...

Allied World Assurance Company Holdings posted record annual net income of $665 million, as chief executive officer Scott Carmilani said the re/insurer's domicile move from Bermuda to Switzerland had helped to improve the firm's positioning for the f...