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The company also discussed its holding in bankrupt Lehman Brothers, and other troubled companies. It said its Lehman investment was $38 million as of Sept. 15 or less than 0.7 percent of its total inv

Validus Holding, Ltd. said it expects its insured losses from Hurricanes Ike and Gustav to amount to $185 million, adding that it believes industrywide losses from Ike could be $4 billion higher than

"In a quarter which saw individual risk losses of over $5 billion in the global market and continued turmoil in the credit markets, reporting solid net income of $66.5 million and maintaining a conser

With a second straight year of benign loss activity contributing to a second year of record earnings, Bermuda insurers and reinsurers ranging from established old-timers to relative toddlers face an

In addition to Montpelier Re, a member of Bermuda's "Class of 2001," some of the already diversified members of the same class signaled strategic shifts and expansions of their businesses during the

In addition to Montpelier Re, a member of Bermuda's "Class of 2001," some of the already diversified members of the same class signaled strategic shifts and expansions of their businesses during the q

Major industry players gathered here from around the world to talk deals in the midst of a dynamic reinsurance market whose outlook is generally stable--although that could change in a hurry with the

"We see a softening cycle, for 2008," Richard Ward told National Underwriter here. "For us the important thing is that we maintain underwriting discipline--write the right business at the right price a