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Bermuda Growth Of New Insurers Slows

Even with a fewer number of start-ups, the financial services regulator said Bermuda's insurers saw strong performance and an upward trend in underwriting results last year--reporting total assets of $

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The Bermuda Monetary Authority said declining insurance rates have slowed formation of new insurance and reinsurance firms, with 71 new insurers set up on the island last year, down from 82 in 2006.

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