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Bermuda re/insurer Arch Capital Group is buying bankrupt insurer PMI’s assets in $300 million deal to enter the US mortgage guaranty business as the housing market rebounds. Arch said in a statement Friday it was acquiring CMG Mortgage Insurance from...

Arch Capital Group Ltd’s first-quarter profit was eight times larger than the net income it made in the same period of 2011. The Bermuda-based re/insurer last night posted net income of $157.8 million, or $1.14 per share compared to $19 million, or ...

Arch Capital Group Ltd’s fourth-quarter earnings trounced Wall Street expectations as the Bermuda-based insurer came through a testing 2011 with full-year profit of $410.5 million. Despite taking a hit from the Thailand floods, Arch produced fourth-q...

Bermuda re/insurer Arch Capital Group Ltd profits rose nearly 15 percent in the third quarter over last year despite recording almost $60 million in catastrophe losses. Arch reported net income of $162.5 million, or $1.19 per share, compared to $141...

US President Barack Obama yesterday proposed a move that would increase the US tax paid by some Bermuda-based reinsurers and clamp down on multinational companies using offshore entities for “earnings stripping”. The moves were outlined in the Presid...