76251 results returned for search: "" category "Business"
Bermuda-based insurer Lancashire Holdings Ltd. yesterday announced that Standard & Poor's Rating Services has assigned an "A-" counter-party credit rating and financial strength rating on its subsidiaries Lancashire Insurance Company Limited and Lanc...
DATE: May 20, 2010
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ATHENS, Greece (AP) — Cash-strapped Greece managed to pay off its creditors yesterday — warding off bankruptcy in the nick of time — by using billions of euros from the EU-led rescue package aimed at containing the debt crisis.
Finance ministry sourc...
DATE: May 20, 2010
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Wireless telecommunications provider Digicel yesterday announced the launch of 0.facebook.com, which allows customers to access Facebook for free on their mobile phones.
Through the site, Digicel customers can stay connected through Facebook from any...
DATE: May 20, 2010
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Insurance giant Ace Ltd. is to raise dividend payments by 6.5 percent, after the move was approved by shareholders at the company's annual general meeting in Zurich, Switzerland.
The company, whose principal executive offices are in Bermuda, said the...
DATE: May 20, 2010
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Local stocks enjoyed a second positive day, as three domestic companies traded higher.
Argus Group Holdings Ltd. was the biggest climber of the day on the biggest volume. The insurer and investment company gained nearly seven percent yesterday, on a ...
DATE: May 20, 2010
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XL Insurance yesterday announced the appointment of Gary Kaplan to the newly created position of executive vice-president and North America construction leader.
Mr. Kaplan will report to Dennis Kane, the company's Chief Executive of the North America...
DATE: May 20, 2010
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NEW YORK (Bloomberg) — Marston Becker, chief executive officer of Bermuda-based Alterra Capital Holdings Ltd., said reinsurers are pushed to consider mergers and acquisitions by clients and investors, who prefer carriers with larger capital bases.
"T...
DATE: May 20, 2010
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NEW YORK (AP) — Another wave of selling hit stocks yesterday in response to growing fears that Europe has no quick fix for its debt crisis.
The Dow Jones industrial average fell about 67 points after having been down as much as 186. It was the Dow's ...
DATE: May 20, 2010
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BERLIN (Reuters) - Germany declared war on speculators yesterday, wrongfooting European partners who said they were not consulted about an overnight ban on naked short sales of a range of assets that rattled markets.
Chancellor Angela Merkel told Ger...
DATE: May 20, 2010
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LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's biggest operator of supertankers, fell in Oslo trading as slumping equity markets and tanker derivatives eroded confidence that charter rates may rise. Frontline slid as much as six perce...
DATE: May 20, 2010
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