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Argus Group Holdings Ltd reported a net loss of $5.7 million for the year ended March 31, 2011, due primarily to the deterioration in value of some of its investments in Bermuda, and suspended its dividend payment. Despite recording net earnings of $...

The hundreds of Bermudians working in the Island’s reinsurance industry- even in this economy- are making an average of almost $200,000 a year. In addition, the Island’s 22 major re/insurers pumped nearly $1 billion ($971 million) into the local econ...

The Bermuda insurance market has recorded catastrophe losses of more than $6 billion in the first three months of the year. The enormous sum, which will help stricken communities recover from natural disasters on the other side of the world, makes it...

Bermuda Commercial Bank yesterday announced a $1.35 million net profit for the six months through March 2011, as revenues more than doubled and client deposits rose by almost one third. The bank is going through a period of rejuvenation under new own...

Bermuda-based bond insurer Assured Guaranty last night announced first-quarter net income of $125.4 million down 61 percent from the same period a year earlier. The decrease was mainly due to unrealised losses on credit derivatives, an item that does...

Lancashire Holdings Ltd reported a profit of $8.6 million during the first quarter of 2011 despite taking a $75 million hit from the Japanese earthquake and tsunami. This compared to a net income of $8.2 million for the same period in 2010. Lancashir...