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Flagstone Reinsurance Holdings SA's profits almost halved during the third quarter as the company took a $52.5 million hit from the New Zealand earthquake. The reinsurer, which redomiciled from Bermuda to Luxembourg in May this year, saw its net inco...

NEW YORK (Bloomberg) — Primus Guaranty Ltd. chief executive officer Thomas Jasper, who helped turn the swaps market into a trillion-dollar industry, is leaving the company as it unwinds its business selling credit protection to banks. Jasper, 62, was...

NEW YORK (AP) - American Media Inc., the publisher of The National Enquirer supermarket tabloid, said yesterday that it plans to file for bankruptcy protection in about two weeks. American Media said it will file a prepackaged plan, which the company...

Axis Capital Holdings Ltd. has announced that Albert Benchimol will join the company as chief financial officer next year. Mr. Benchimol, who will take up his new post on January 17, 2011, will also join the company's executive committee and report d...

NEW YORK (Bloomberg) — More chief financial officers in the US turned pessimistic last quarter on concerns an unemployment rate near a 26-year high is slowing the economic recovery, a survey by New York-based Deloitte LLP found. Thirty-six percent of...

DUBAI (Bloomberg) - Emirates, the world's biggest airline by international traffic, said first-half profit more than quadrupled as passenger numbers and cargo handling rose. Net income in the six months to September 30 increased to 3.4 billion dirham...

Argus Group Holdings Ltd. today announced earnings of $6.6 million for the six months ended September 30. This compared to net earnings of $12.2 million in the same period last year, a profit driven by the $10.2 million change in the fair value of in...

NEW YORK (Bloomberg) — The Federal Reserve will probably begin a new round of unconventional monetary easing this week by announcing a plan to buy at least $500 billion of long-term securities, according to economists surveyed by Bloomberg News. Poli...

TORONTO (Reuters) - Toronto's main stock index ended slightly lower yesterday with investors cautious ahead of today's US midterm elections and the start of the US Federal Reserve's policy meeting the same day. Gold miners helped pull down TSX index,...

Axis Capital Holdings Ltd. swung to a third-quarter profit of $239 million despite suffering an estimated loss of $85 million related to September's New Zealand earthquake. The net income broke down to $1.78 per share, compared with a net loss of $96...