76472 results returned for search: "" category "Business"
LONDON (Bloomberg) Lloyd?s of London, the 300-year-old insurance market, is extending a plan it said is improving its competitiveness against Bermuda and Ireland.
The initiative, devised last year to make it easier and less expensive for insurance u...
DATE: Dec 15, 2006
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NEW YORK (Reuters) ? Chief executive of Allstate Corp. , the largest publicly traded US auto and home insurer, on Tuesday said the carrier is working to bolster auto sales, as it curtails sales of home policies in hurricane-prone, coastal areas.
The ...
DATE: Dec 15, 2006
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A.M. Best Co. on Wednesday assigned a debt rating of “bbb” to the $350 million of non-cumulative perpetual preferred securities issued by XL Capital sidecar Stoneheath Re, a Cayman Islands exempted company. The rating outlook is stable.
The issuer is...
DATE: Dec 15, 2006
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WASHINGTON (Reuters) — A recent slowdown in the growth of productivity of US workers has raised chances it has slipped from the lofty levels held since the mid-1990s, but economists are not ready to declare the boom over yet.Productivity growth is th...
DATE: Dec 15, 2006
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SEOUL (Bloomberg) ? A Lazard Ltd. fund and a shareholder activist convinced South Korea's Taekwang Group to reorganise into a holding company as part of corporate governance reforms, triggering a surge in shares of the industrial group's units.
As pa...
DATE: Dec 15, 2006
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NEW YORK (Reuters) ? The National Association of Insurance Commissioners, which regulates the US insurance industry, said on Wednesday it took a step toward giving foreign reinsurers more access to American markets.
An NAIC committee adopted a recomm...
DATE: Dec 15, 2006
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Local investment management firm Bermuda Investment Advisory Services Ltd. will today launch a family of mutual funds aimed at simplifying investment choices for businesses and high net worth individuals.
Cayman Islands-registered BIAS Global Portfol...
DATE: Dec 15, 2006
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NEW YORK (AP) — More than three-quarters of residential Web users got on the Internet using a high-speed broadband connection in November, according to a study released Tuesday.The 78 percent broadband penetration rate for US homes represents a jump ...
DATE: Dec 15, 2006
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SYDNEY (Bloomberg) — Qantas Airways Ltd., Australia’s largest airline, yesterday accepted a sweetened A$11.1 billion ($8.7 billion) buyout led by Macquarie Bank Ltd. and Texas Pacific Group, in the world’s biggest aviation takeover.
The agreement was...
DATE: Dec 15, 2006
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MUNICH (Bloomberg) — Allianz SE, Europe’s largest insurer, and Munich Re, the world’s second-biggest reinsurer, will book one-time gains for fiscal 2006 due to a change in Germany’s corporate tax law.Munich Re will book a one-time gain of 400 million...
DATE: Dec 15, 2006
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