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Things look good for reinsurance companies in 2007, so much so that credit rating organisation A.M. Best has revised its outlook for the global sector from a “negative” to “stable.”
The year is shaping up to be another potentially profitable one with...
DATE: Mar 02, 2007
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AUTHOR:
Scott Neil
A pink building on the side of the road leading into St. George’s that was Eunice Butterfield’s Beauty Parlour for more than half a century has been brought back into use — once more as a hairdressing salon but this time run by Barbara-Ann Paynter.
D...
DATE: Mar 02, 2007
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AUTHOR:
Scott Neil
TORONTO (Reuters) - The Toronto Stock Exchange’s main index closed lower as strong earnings from some of the country’s banks could not offset lingering concerns raised by Tuesday’s sell-off in Chinese stocks, while bargain hunters trimmed losses.The ...
DATE: Mar 02, 2007
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NEW YORK (Bloomberg) — Berkshire Hathaway Inc., run by billionaire Warren Buffett, said fourth-quarter profit fell 30 percent on fewer investment gains.Net income dropped to $3.58 billion, or $2,323 a share, from $5.13 billion, or $3,330 a share, a y...
DATE: Mar 02, 2007
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Tyco International Ltd. will host its 2007 annual general meeting and special general meeting of shareholders next Thursday at the Fairmont Hamilton Princess Hotel. The annual general meeting will begin at 9 a.m. and the special general meeting will ...
DATE: Mar 02, 2007
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NEW YORK (Bloomberg) ? American International Group Inc., the world?s largest insurer, said fourth-quarter profit rose almost eightfold a year after the company paid $1.64 billion to settle probes of accounting and sales practices.
Net income increas...
DATE: Mar 02, 2007
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ZURICH (Bloomberg) — Swiss Reinsurance, the world’s largest reinsurer, said profit doubled last year to a record as it paid fewer claims for natural disasters and bought General Electric’s reinsurance unit.Net income rose to 4.6 billion Swiss francs ...
DATE: Mar 02, 2007
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Bermuda reisnurer Arch Capital said yesterday its board authorised the repurchase of $1 billion of common shares. Repurchases under the programme may be effected from time to time in open market or privately negotiated transactions through February 2...
DATE: Mar 02, 2007
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Net income rose to $33.1 million, from $10.2 million a year earlier, the company said yesterday in a statement. Sales increased to $72.7 million from $45.2 million.
Liquefied natural gas may deliver 31 percent of global gas by 2010 as production surg...
DATE: Mar 02, 2007
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Ace Ltd. chief executive officer Evan Greenberg has been elected company chairman, the Bermuda insurance giant announced yesterday.
Mr. Greenberg will succeed Brian Duperreault at the time of the company?s annual general meeting in May this year. Mr....
DATE: Mar 02, 2007
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