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As three more Bermuda companies report estimated losses for the March 11 Japan earthquake and tsunami, a couple of the company executives commented that a market turn is beginning to occur.

Kane, which provides specialist risk and insurance management services, announced today it has signed an agreement to acquire the insurance management operations of HSBC for $27.5 million.

Bermuda-based Aspen Insurance Holdings Limited is positioning its U.S. specialty insurance operation for an inevitable market turn by hiring experienced professionals, according to CEO John Cavoores. Mario Vitale, an alumnus of Zurich and Willis, joined the Aspen leaderboard as president last week, bearing the battle scars of prior soft markets.

Zurich Financial Services Group has named Thomas Huerlimann CEO of Global Corporate to take the place of Mario Vitale, who moved to Aspen Insurance Holdings.

RenaissanceRe completed the sale of its U.S. insurance businesses, while another Bermuda company, Aspen, is strengthening the leadership of its U.S. insurance operation.

Although the ongoing soft market has damped the formation of captive insurers, market trends are cyclical and the growth of enterprise risk management may encourage captives because of their long-term consistency, according to an industry report.

Facing shrinking resources, an uncertain economy as well as changing political and regulatory landscapes, risk managers might be forced to reassess their particular captive insurance solutions, a new white paper by ACE suggests.

Facing shrinking resources, an uncertain economy, and changing political and regulatory landscapes, risk managers may be forced to reassess their particular captive insurance solutions, a new white paper suggests.