76389 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — American International Group Inc., Chubb Corp and other insurers may lose money on coverage of US corporate boards for the first year since at least 2002 as investors burned by sub-prime losses open more lawsuits.
"It's all com...
DATE: Jul 22, 2008
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Max Capital Group Ltd. yesterday announced the promotion of John Boylan to managing director, chief underwriting officer and executive vice-president of Max Insurance Europe Ltd., effective immediately.
Mr. Boylan joined the Max Capital organisation ...
DATE: Jul 22, 2008
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SAN FRANCISCO (MarketWatch) - Moody's Investors Service said last night that it may downgrade the Aaa ratings of Assured Guaranty and Financial Security Assurance, two bond insurers that had managed to hold on to these crucial top ratings by avoiding...
DATE: Jul 22, 2008
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NEW YORK (Reuters) Shares of American International Group Inc 5.8 percent yesterday after Bank of America raised its rating on the insurer to "buy" from "neutral," saying the risk-to-reward ratio has become "very attractive."
Analyst Alain Karaoglan,...
DATE: Jul 22, 2008
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Bermuda-based Hiscox Ltd. plans to set up a team to add new business lines to its international property and catastrophe unit.
Subject to approval from the Bermuda Government Hiscox's plans to form a new team based on the Island, Philadelphia and Lon...
DATE: Jul 22, 2008
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The US media's coverage of Tropical Storm Bertha led to a big loss in revenue for Bermuda's hotel industry.
That is according to Michael Winfield, president of Cambridge Beaches, who claimed takings were down, due in part to exaggerated stories about...
DATE: Jul 22, 2008
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Natural disasters in the US cost insurers an estimated $6.03 billion in the second quarter, the most since 2001, Insurance Services Office Inc. said.
The losses were highest in Texas, with $1.08 billion in catastrophic claims, Jersey City, New Jersey...
DATE: Jul 22, 2008
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The Duke of York officially opened the new London headquarters of global insurance broker the Willis Group yesterday.
More than 1,500 people, including Lloyd's chairman Peter Levene and Joe Plumeri, chairman and chief executive officer of the Willis ...
DATE: Jul 22, 2008
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Bermuda-based reinsurer Imagine Re was reported yesterday to be in talks to take over fellow Island company Max Capital - but both companies declined to comment on the rumour circulated in UK media.
The London-based Post Magazine website, reported th...
DATE: Jul 22, 2008
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Bermuda-based money manager WP Stewart & Co. Ltd. lost a quarter of its assets under management during the three-month period from April to June.
The company said assets under management (AUM) at June 30 this year totalled $2.1 billion, compared to $...
DATE: Jul 21, 2008
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AUTHOR:
Jonathan Kent
