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Insurers, reinsurers raise billions in capital


Bermudian insurers and reinsurers are looking to take advantage of the COVID-19 pandemic-driven pricing hikes across certain primary lines and increase their capacity by raising billions of dollars in capital, The Royal Gazette reported. The increased capital base will help them overcome potential losses from the pandemic, especially concerning business interruption claims and offset the decrease in the value of their investment portfolios.

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