76472 results returned for search: "" category "Business"
Unless 2007 is a year of severe catastrophes, property and casualty insurance rates will probably go into freefall, leaving newcomers in the market struggling to survive.
That is the dire warning from industry expert David Bradford, editor-in-chief o...
DATE: May 03, 2007
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The race is on to find new ways of generating electricity for Bermuda as the Belco’s ageing Pembroke power plant reaches its capacity even as the Island’s electricity consumption is predicted to increase by 1.5 percent annually over the next 20 years...
DATE: May 03, 2007
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AUTHOR:
Scott Neil
Profits for Endurance Specialty Holdings fell $6.2 million to $101.8 million for the first quarter of 2007 compared to the same period in 2006.
European windstorm Kyrill, which created a gross loss of $40 million for the company, knocked 9.6 percenta...
DATE: May 03, 2007
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AUTHOR:
Scott Neil
XL Capital plans to sell up to $325 million of senior notes due 2027 pursuant to XL's currently effective shelf registration statement.
XL intends to use the net proceeds from the sale of its senior notes, together with available cash, to retire $825...
DATE: May 03, 2007
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Choosing New Orleans as the scene of its 45th annual conference has enabled RIMS to give a small boost to the city still recovering from Hurricane Katrina with the influx of around 10,000 people for most of the week.
But many companies' staff have g...
DATE: May 03, 2007
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Only days after opening its first office in Bermuda, Lexington Insurance Company has introduced LexAssure(SM) — a primary professional liability insurance designed expressly for small- to mid-sized regional accounting firms with annual revenue greate...
DATE: May 03, 2007
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NEW YORK (Bloomberg) — Citigroup Inc., the biggest US bank, yesterday agreed to buy Bisys Group Inc. for $1.47 billion, broadening the services it offers hedge funds and private-equity firms to include accounting and other administrative tasks.Bisys ...
DATE: May 03, 2007
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NEW YORK (Bloomberg) — Tyco International Ltd. bondholders said they formed a group to oppose the company’s offer to buy back $6.6 billion of its debt securities.Tyco offered April 27 to buy back the bonds as part of its plan to spit into three compa...
DATE: May 03, 2007
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NEW YORK (AP) — Investors resumed their buying spree on Wall Street, driving stocks higher after a bid for media company Dow Jones & Co. revived enthusiasm about takeover activity.The Dow Jones industrial average reached another record close, its 38t...
DATE: May 02, 2007
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LONDON - Britain's top share index scored a one percent gain, as results sent Lonmin and BSkyB flying, while an undercurrent of M&A hopes also helped inject life into the market. The FTSE 100 closed at 6,484.5 points, up 64.9 or one percent.ROUNDUP:E...
DATE: May 02, 2007
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