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NEW YORK (Bloomberg) Alterra Capital Holdings Ltd investors should reject the insurer’s plan to reappoint KPMG-Bermuda after a government accounting board faulted the auditor’s work, said Institutional Shareholder Services Inc. The proxy-advisory ser...

Scottish Re Group Ltd’s profits fell by more than $2 billion during 2010 due primarily to $242.2 million of net realised and unrealised gains on its invested assets. The re/insurer posted net income of $239.1 million or $1.09 per share for the year e...

American Safety Insurance Holdings Ltd. has announced it expects to report pre-tax losses of between $5 million and $7 million from the New Zealand earthquake and other events in the first quarter. The insurer said that catastrophe losses within the ...

LONDON (Reuters) - British insurer Amlin said its natural disaster losses in the first quarter could be as high as £275 million ($444.5 million), including a hit of up to £150 million from the Japanese earthquake. Amlin, the biggest listed insurer op...

Shares of Bermuda-based Omega Insurance shot up 18 percent on Friday, as the insurer confirmed that more than one company has expressed interest in taking it over. Omega received a bid from privately-owned rival Canopius in January and on Friday the ...

Bermuda-based reinsurer Maiden Holdings Ltd saw full-year profits rise by more than 14 percent to nearly $70 million last year, the company reported last night. Maiden said fourth-quarter profits were also up by 14.4 percent, year on year, to $19.1 ...

LONDON (Bloomberg) Bermuda-based Seadrill Ltd., the oil rig company controlled by billionaire John Fredriksen, said fourth-quarter net income fell 33 percent on costs for the early conversion of convertible bonds. Net income after minorities fell to ...