76472 results returned for search: "" category "Business"
A Bermuda-based holding company headed by former Marsh & McLennan chief Jeffrey Greenberg has joined forces with investors including Swiss Re and Lehman Brothers to launch a new Lloyd's of London underwriting vehicle.
The vehicle, Ark Syndicate Manag...
DATE: Mar 20, 2007
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AMSTERDAM (Bloomberg) — Shares of ABN Amro Holding NV rose to a record after Barclays Plc approached the Dutch bank about a takeover, sparking what may become the biggest contest for a financial-services company.ABN Amro’s stock rose as much 9.8 perc...
DATE: Mar 20, 2007
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A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating (ICR) of “a-” to Wellington Specialty Insurance Company after its takeover by Bermuda-based Catlin Group Ltd.
The outlook for both ratings...
DATE: Mar 20, 2007
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JACKSON, Mississippi (AP) — State Farm Fire & Casualty Co. will re-examine more than 35,000 policyholder claims filed after Hurricane Katrina and “make millions of dollars available” for additional payments, Mississippi Insurance Commissioner George ...
DATE: Mar 20, 2007
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Exchange chair namedLONDON (Bloomberg) — The Baltic Exchange, London’s 263- year-old shipping association, named Michael Drayton, a director at London-based shipbroker Galbraith’s Ltd., as its new chairman.Drayton will assume his new role from July 1...
DATE: Mar 20, 2007
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A drop in the value of insurance company shares was mostly responsible resulted in a 43.42 (0.87 percent) drop in The Royal Gazette/Bermuda Stock Exchange, which ended the day at 4,953.96.
Shares of Argus Group fell 35 cents (2.4 percent) to $14.40 a...
DATE: Mar 20, 2007
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NEW ORLEANS (AP) — Disgusted with his insurance company after Hurricane Katrina, the Rev. Simmie Harvey let his homeowner policy lapse and left his house in the hands of a higher power.Somebody up there must like the 88-year-old Baptist minister: His...
DATE: Mar 20, 2007
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TORONTO (Reuters) — The Toronto Stock Exchange’s benchmark index surged more than 180 points yesterday in a broad rally fueled by strong energy, resource and financial shares, as well as some optimism before the federal budget.The S&P/TSX composite i...
DATE: Mar 20, 2007
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LONDON (Bloomberg) — Golden Ocean Group Ltd., a shipping company led by Norwegian billionaire John Fredriksen, bought four commodity carriers from a shipyard in India and agreed to sell two vessels that it ordered previously.The four 75,000-ton carri...
DATE: Mar 20, 2007
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DALLAS (Bloomberg) — American Airlines parent AMR Corp. said first-quarter costs exceeded its forecast after bad weather forced the world’s largest carrier to cancel 2.5 percent of its flights.The cost to fly a seat one mile excluding jet fuel was 7....
DATE: Mar 20, 2007
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