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Bermuda Insurance Market Results Round-Up: Financial problems continue for ESG Re and Stirling Cooke

The financial woes of John Head’s ESG Re and Stirling Cooke Brown Holdings continued in the second quarter ended June 30, 2001, with both companies reporting further losses.
Mutual Risk Management, meanwhile, reported a much-needed profit and Annuity & Life Re and Scottish Annuity & Life both made money, as did market giants XL Capital and PartnerRe.