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 enviable problem–an embarrassment of riches.

Alan Murray, senior credit officer of Moody’s Investors Service in New York, described the situation that way as he highlighted “robust balance sheets and strong operating profits” among factors leading the rating agency to put a stable outlook on the Bermuda insurance market.

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