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BC-EUROPE-INSURANCE/ (WRAPUP 1)
WRAPUP 1-Europe insurers up payouts as capital recovers
+ Axa FY dividend up 38 pct
+ Swiss Re dividend increases tenfold
+ More dividend increases seen -analyst
LONDON, Feb 18 (Reuters) - Two leading European insurers...
DATE: Feb 19, 2010
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Validus also announced it increased its annual dividend by 10 percent to 88 cents a share. The dividend is payable on March 31, the company said in a statement.
DATE: Feb 19, 2010
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NEW YORK (Bloomberg) — Microsoft Corp. and Yahoo! Inc. said they will start integrating their Internet-search businesses after winning regulatory approvals in Europe and the US for their efforts to challenge Google Inc.
The companies will start imple...
DATE: Feb 19, 2010
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Validus Holdings Ltd. last night reported a near 17-fold increase in annual profits as the reinsurer saw benefits from last September's acquisition of IPC Holdings.
Validus said net income for 2009 was $897.4 million, or $9.24 per share, compared wit...
DATE: Feb 19, 2010
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AUTHOR:
Jonathan Kent
GREENSBORO, North Carolina (Bloomberg) - Wal-Mart Stores Inc., the world's largest retailer, reported fourth-quarter sales that trailed its projection after cutting grocery and electronics prices, and predicted a "challenging" first quarter for US st...
DATE: Feb 19, 2010
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Argo Group International Holdings Ltd. boosted its profits by 87 percent during 2009 as its reaped the rewards of a diversified business platform.
The international specialty re/insurance underwriter saw net income rise to $117.5 million or $3.81 per...
DATE: Feb 19, 2010
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Validus Holdings, Ltd. has appointed former Swiss Re chief financial officer John Fitzpatrick to its board of directors.
The appointment of the Pension Corporation partner takes effect immediately and expands the Class of 2005 reinsurer's board to 12...
DATE: Feb 19, 2010
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Bermudian David Cash was yesterday appointed chief executive officer of Endurance Specialty Holdings Ltd.
The former Saltus Grammar School student will take over at the helm of the reinsurer on March 1, succeeding Kenneth LeStrange, who is to retire....
DATE: Feb 19, 2010
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Argus Group Holdings Ltd. rose 2.29 percent (20 cents) to $8.90 on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 1,000 shares during the day.
Other traders included Watlington Waterworks (1,000 shares) and the Ascendant Group Ltd. (5...
DATE: Feb 19, 2010
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LONDON (AP) - Britain's national and local government had to borrow money in January for the first time since 1993, officials statistics showed yesterday in another sign of how recession is hurting government finances.
Britain just barely crawled out...
DATE: Feb 19, 2010
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