Bermuda Insurance Stocks

Mutual Risk Management has filed a bankruptcy petition in the United States and is seeking an automatic stay of all of the legal proceedings that have been filed against it and a ban on new actions.

PartnerRe announced on March 11 that it bound contracts expected to generate $1.37 billion in premiums during its key January 2002 renewal season, an increase of 37 per cent. "The Company entered the renewal season with expiring premium of approximately $1 billion," stated the firm.