NU Online News Service, Nov. 16, 2:37 p.m. EST

While Bermuda's insurance and reinsurance companies are facing significant pressures, ranging from soft pricing to proposed U.S. legislative initiatives, their performance is positive, according to a report released by Moody's Investors Service.

In its yearly report on Bermuda companies, Moody's noted their strong 2009 profitability during a year that has so far been largely free of catastrophes.

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