Bermuda property-casualty insurance companies beefing up their capital reserves in the wake of huge hurricane losses have now issued or will issue more than $9 billion in securities, Moody’s Investors Service reported today.

At the same time, an analyst at Banc of America Securities said a number of Bermuda insurer-reinsurer groups have seen earnings bolstered by strong investment yields as many companies report higher than expected investment income.

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