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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 ...

Bermuda-based credit insurer Primus Guaranty Ltd yesterday said fourth-quarter net income fell to $128.3 million, compared with $295 million in the same period last year. The profits were driven by net credit swap revenue of $142.4 million, which in...

Allied World Assurance Company Holdings' net income fell 42 percent for the fourth quarter - but the company still managed to chalk up record full-year earnings of $665 million. The re/insurer's profits for the last three months of 2010 totalled $92...

Montpelier Re’s net income plunged by more than 60 percent in the fourth quarter of 2010 as claims doubled and investment income declined. The Bermuda-based specialty reinsurer said today that net income for the quarter fell from $104.7 million in t...

LONDON (Reuters) Bermuda-based insurer Catlin Group Ltd reported a smaller than expected drop in full-year profit after a strong underwriting performance helped it absorb $218 million in natural disaster claims. Pretax profit fell a third to $406 mil...