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Confounding skeptics who said it couldn’t be done, executives for four of the 10 new Bermuda companies (13 if you count sidecars) were up and running for Jan. 1 reinsurance renewals this year. Most of the group Benfield refers to as “billion-dollar babies” told National Underwriter that they moved quickly from crawling to walking with ready-made books of business, quick hires, existing infrastructure, or years of experience through which they’d cemented long-term relationships with brokers and customers.

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