Reinsurance

Trade groups representing large insurers and the biggest corporate buyer association are urging the Treasury Department to ensure that the Federal Insurance Office plays a strong role in representing the U.S. on global insurance issues.

Warren Buffett's Berkshire Hathaway Inc. reported a 40 percent drop in second-quarter profit to $1.97 billion.

While much has changed for two members of the Bermuda Class of 2005, underwriting discipline grounded in analytical models remains a central strategy.

With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down.

The latest class of Bermuda startups may well be the last of its kind, some members of the Class of 2005 predicted recently, although dissatisfaction with the Bermuda domicile is not the reason, they say.

If you ask John Berger, chief executive of reinsurance for Alterra Capital Holdings, to describe his vision of Alterra five years from now, part of the answer he'll provide may surprise you.