A reinsurance company based in Luxembourg is basing a growth in premiums to new business in The Bahamas -- with Island Heritage Insurance at the helm of that increase. For the three months ended September 30, 2010, Flagstone Reinsurance Holdings said the Bahamas arm of Island Heritage fared better in terms of premium growth than its regional counterparts. "Premiums ceded were 57.6 percent of gross premiums written compared to 55.4 percent of gross premiums written for the same quarter in 2009," said the company's third quarter report for the nine months ending September 30, 2010. "The increase in gross premiums written is primarily related to growth in the...

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