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Bermuda reinsurers should record another year of strong results in 2008 and produce mid- to high-teens return on equity despite lower premium volume, according to an investment bank analysis.

Bank of America’s equity research division said it is reiterating a positive view of the reinsurance sector after meeting the management teams of most of the companies it studies. “Most are confident they can write a reasonable volume of both property and casualty business in 2008 that will generate targeted returns,” the bank said.

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