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Fairfax Financial Holdings Ltd., the Toronto-based firm that recently acquired Bermuda and London insurer Sphere Drake, has declared net income after tax of CDN$232.5 million, up 54 percent from the year before. Fairfax also explained to shareholders...

tomorrow takes over as CEO of leading domestic insurer, Argus Insurance Co. Ltd. Mr. Simons was appointed CEO-designate last year. His appointment was confirmed by the Argus board and he succeeds E. John Sainsbury, who is retiring after 38 years with...

after having taking delivery of additional beer storage tanks, that bring capacity near to 13,000 gallons. The stainless steel tanks were custom made in Canada with extra insulation to keep the product cold during the hot summer months. Vice presiden...

ACE Ltd. and the "A'' (Excellent) ratings of Tempest Reinsurance Co. Ltd. and CAT Ltd., in the aftermath of the ACE deal that is to merge CAT and Tempest Re into a billion dollar property catastrophe reinsurer at Wessex House on Reid Street. Subject ...

Safety Insurance Group, Ltd. net earnings for the year to December 31 rose 10.1 percent to $3,211,015 or $1.08 per share. Net premiums earned shot up 95.4 percent to $8,347,107. Total revenues increased 51.5 percent to $13,489,836. American Safety pr...

Bermuda property catastrophe reinsurer, CAT Ltd. for $711 million in cash, subject to regulatory approvals and certain post-closing adjustments. The latest deal, brings the ACE group to assets of more than $7 billion, including the assets of ACE USA ...

"inappropriate'' and "grossly improper''. That position was taken before the Privy Council in London adjourned to consider a ruling in the EMLICO dispute. The Privy Council was hearing an appeal over three days this week brought by EMLICO reinsurer, ...

accusing London reinsurers of seriously impeding the efficient winding up of the insolvent insurer by their conduct in litigation over a Superfund site. They have moved their lawsuit against London reinsurers from state to federal court, and are now ...

(Bermuda) Ltd. is back. And they are aiming to wipe out their bank debt by the end of the fiscal year. The firm said it is now in a healthy state and has re-established relations with the franchise's head office, Tricon International, after what was ...

On the eve of an ambitious scheme to begin publishing its weekly newspaper twice-weekly, Island Press (Holdings) Ltd. has again declared a net loss for the year. The annual results for the year to September 30, 1997 are being released this month, nea...