76379 results returned for search: "" category "Business"
Net income: Loss of $99.4 million compared to a profit of $131.4 million in 2007.
Combined ratio: 113.1 percent compared to 79.4 percent in 2007.
Gross premiums written: $624.1 million compared to $423.3 million in 2007.
DATE: Nov 07, 2008
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Net income: Loss of $46.4 million compared to a profit of $109 million in 2007.
Combined ratio: 90.2 percent compared to 84.1 percent in 2007.
Gross premiums written: $291 million compared to $276 million in 2007.
DATE: Nov 07, 2008
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LONDON (Reuters) - The Bank of England made a shock 1.5 percentage point cut in interest rates yesterday to just 3 percent, their lowest level in more than half a century, as it seeks to prevent Britain from sliding into a deep recession.
That was th...
DATE: Nov 07, 2008
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FRANKFURT (Reuters) - The European Central Bank cut interest rates by 50 basis points yesterday as the euro zone economy faces its first recession, and forecast inflation should drop to its target next year.
President Jean-Claude Trichet said that tu...
DATE: Nov 07, 2008
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NEW YORK (Reuters) - Bermuda-based Tyco Electronics Ltd, a maker of electronic connectors, wireless systems and undersea fibre optic networks, reported higher-than-expected quarterly profit yesterday but warned that weak European auto markets would h...
DATE: Nov 07, 2008
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Allied World Assurance Co. Holdings Ltd. suffered a $46.4 million net loss during the third quarter as the fallout from Hurricanes Gustav and Ike started to take effect.
The insurer posted a net loss of 95 cents per share in the third quarter compare...
DATE: Nov 07, 2008
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US stocks completed their worst two-day slide since October 1987 — and Bermuda's international companies did not escape the sell-off.
Disappointing corporate outlook and poor sales figures from major retailers fuelled fears of a major slowdown, as th...
DATE: Nov 07, 2008
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Bermuda reinsurer Validus Holdings Ltd. suffered a net loss of $126.3 million for the third quarter, after taking big hits from hurricanes, investment losses and foreign exchange losses.
The class of 2005 company's first quarterly loss, which broke d...
DATE: Nov 07, 2008
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AUTHOR:
Jonathan Kent
Net income: Loss of $13.2 million compared to a profit of $10.5 million in 2007.
Combined ratio (reinsurance): 94.9 percent compared to 87.8 percent in 2007.
Gross (reinsurance) premiums written: $77 million compared to $69 million in 2007.
DATE: Nov 07, 2008
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Endurance Specialty Holdings Ltd. reported a net loss of $99.4 million, or $1.79 per share, for the third quarter of 2008 versus a profit of $131.4 million, or $1.81 per share, for the same period last year in the wake of the destruction wreaked by H...
DATE: Nov 07, 2008
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