76472 results returned for search: "" category "Business"
Three stocks hit their one-year high to send the Royal Gazette / Bermuda Stock Exchange soaring 60.22 points (1.18 percent) to 5,174.54.
The biggest mover was LOM Holdings as it improved by 25 cents (7.7 percent) to close at $3.50 after 18,000 shares...
DATE: May 02, 2007
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American International Group has renamed its subsidiary Starr Excess — which has between 500 and 600 clients in Bermuda — as AIG Cat Excess Liability.
The unit, a property and casualty subsidiary of AIG, “will provide the same catastrophic excess lia...
DATE: May 02, 2007
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Profits of $190.8 million were made by Renaissance Re in the opening three months of the year, compared with $178.9 million during the same period in 2006.
The improvement in profitability came despite the company writing $116 million less in gross p...
DATE: May 02, 2007
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AUTHOR:
Scott Neil
The independence of Bermuda-based reinsurer Alea’s directors has been called into question over payments made to private equity group Kohlberg Kravis Roberts and Fortress, the group buying out the reinsurer for an agreed $162 million bid, according t...
DATE: May 02, 2007
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Wieczorek joins Aspen
Miroslaw (Mirek) Wieczorek has been appointed senior structured risk underwriter by Aspen Insurance Holdings.
He will be responsible for the underwriting of structured risk transactions, from sourcing the business to developing ...
DATE: May 02, 2007
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A large retail chain had a problem. It sold three similar power drills: one for about $90, a purportedly better one at $120 and a top-tier one at $130. The higher the price, the more the store profited.
But while drill know-it-alls flocked to the $13...
DATE: May 02, 2007
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Allied World Assurance Company has announced that C.V. Starr & Company will offer excess casualty insurance for public entity, residential and commercial contracting risks on behalf of Allied World Assurance Company (US) and Newmarket Underwriters In...
DATE: May 02, 2007
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LONDON (Bloomberg) — Cable & Wireless Plc shares rose after the UK’s second-biggest phone company said it was maintaining its strategy and doesn’t have immediate plans to sell any units after a newspaper said it might split itself in two.“Any discuss...
DATE: May 01, 2007
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LONDON - Britain's top share index rose 0.5 percent, driven by gains in oil shares and after brokerage upgrades boosted stocks such as International Power and retailer Next. The FTSE 100 closed at 6,793 points, down 48 or 0.70 percent.ROUNDUP:EUROFIR...
DATE: May 01, 2007
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NEW YORK (Reuters) — CNA Financial Corp., one of the largest commercial insurance companies in the United States, said yesterday that earnings rose 29 percent in the first quarter, helped by increased investment income.
CNA, which is mostly owned by ...
DATE: May 01, 2007
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