76342 results returned for search: "" category "Business"
NEW YORK (AP) — Battered insurer American International Group Inc. said yesterday its first-quarter loss narrowed, and was sharply lower than the record-setting loss it posted a quarter ago.
The New York-based insurance giant said it lost $4.35 billi...
DATE: May 08, 2009
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LONDON (Bloomberg) - Old Mutual plc., the biggest insurer in Africa, rose to the highest in seven months in London trading after saying it had no defaults in the US in the first quarter and its capital position improved.
CEO Julian Roberts said the "...
DATE: May 08, 2009
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VADUZ, Liechtenstein (AP) — Liechtenstein said yesterday it is "somewhat astonished" that German Finance Minister Peer Steinbrueck has renewed tax evasion allegations against the Alpine principality despite its offer of complete cooperation.
A govern...
DATE: May 08, 2009
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Confidence is slowly but steadily returning to the financial markets as investors seek to take advantage of the opportunities on offer.
That is according to Robert Almeida, investment officer and fixed income institutional portfolio manager at MFS In...
DATE: May 08, 2009
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The impact of US President Barack Obama's plans to clamp down on businesses that move jobs overseas and tax dodgers hiding their money in offshore accounts will be felt further down the line, but the full effect will take some time yet to measure.
Th...
DATE: May 08, 2009
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Decision day for shareholders on the planned merger of Max Capital and IPC Holdings will be June 12.
The two Bermuda re/insurers announced yesterday that they would hold simultaneous special meetings, starting at 11 a.m., at which their shareholders ...
DATE: May 08, 2009
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Butterfield Bank yesterday announced a first-quarter net loss of $20.8 million, after writing down the value of a US mortgage-linked investment by $37.5 million.
Chief executive officer Alan Thompson said Butterfield had felt the impact of the recess...
DATE: May 08, 2009
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Holdings Ltd. continued its strong momentum from last year into 2009, posting a profit of $131.4 million for the first quarter.
Net income broke down to $2.57 per share for the first quarter compared to $130.9 million, ...
DATE: May 08, 2009
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Bermuda, the Caymans and the Isle of Man have all been lumped in with a list of other jurisdictions which "allow companies to set up a PO Box number and claim they operate fully there".
A press statement by the US Treasury this week singled out Irela...
DATE: May 08, 2009
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Butterfield Bank endured a frantic day's trading on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank, which also saw its profits drop by $17 million for the first quarter of 2009 yesterday, traded 114,389 shares.
But the Index...
DATE: May 08, 2009
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