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XL Group’s second-quarter profit rose 17 percent year on year to $225.7 million, the business insurer announced last night. The company’s net income for the April through June period was up from the $191.8 million posted last year, despite catastroph...

Shares of Lloyd’s insurer Amlin plc yesterday plummeted after a profit warning partly driven by the need of its Bermuda unit to increase catastrophe reserves by £27 million ($44 million). After Amlin issued a statement saying that results would like...

Alterra Capital Holdings Ltd profits slipped more than $70 million during the second quarter as major catastrophe events continued to take their toll in 2011. The re/insurer posted a net income of $32.6 million, or 30 cents per share, for the second ...

Flagstone Reinsurance Holdings SA suffered a second-quarter net loss of $20.2 million during the three months to June 30, 2011 as record industry losses from the first quarter carried through and the US storms took their toll. That compared to a prof...

Bermuda reinsurer PartnerRe Ltd trounced Wall Street estimates as it reported net income of $124.2 million for the second quarter. In a statement released after the markets closed last night, the company said it remained strong to deal with potential...

Bermuda-based re/insurer Hiscox posted a loss of £87 million, or $143 million, in the first half of the year, after record claims from natural disasters in the US and Japan. At the company’s Bermuda-based operating unit, where Hiscox underwrites rein...