76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) ? Aon Corp., the world's second-largest insurance broker, yesterday agreed to sell a specialty property and casualty unit to Old Republic Insurance Co. for $85 million in cash.
Aon will also transfer $300 million in unearned prem...
DATE: Oct 26, 2006
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Willis Group Holdings Ltd. yesterday said its third-quarter net income rose 49 percent to $89 million, or 56 cents a share, from $45 million, or 28 cents a share, a year earlier.
The insurance broker said its earnings were affected by gains from the ...
DATE: Oct 26, 2006
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Flagstone Reinsurance Holdings Ltd. became the first of the ?Class of 2005? Bermuda reinsurers to announce plans to sell shares to the public when it registered an initial public offering of up to $175 million in stock.
Flagstone Reinsurance, which w...
DATE: Oct 26, 2006
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Ace Ltd. chief executive officer Even Greenberg warned yesterday that reinsurance business was being priced too aggressively by newcomers to the market, and it is likely to increase as capital grows.
Mr. Greenberg, speaking on a conference call yeste...
DATE: Oct 26, 2006
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NEW YORK (Reuters) ? Cooper Industries Ltd., a maker of electrical products and tools, said Tuesday its quarterly profit rose 26 percent on demand from industrial and utility customers and from non-residential construction.
It expects those trends to...
DATE: Oct 25, 2006
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After losing $1 billion in the third quarter of 2005, XL Capital last night beat analysts? expectations when it turned a profit of more than $400 million.
XL said it had net income of $415.8 million or $2.32 per share compared to a $1.04 billion or $...
DATE: Oct 25, 2006
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LONDON (Bloomberg) ? HSBC Holdings Plc, which owns the Bank of Bermuda, said global marketing head Peter Stringham is leaving the company.
Stringham, 57, who was responsible for the HSBC?s ?world?s local bank? advertising campaign, has worked for the...
DATE: Oct 25, 2006
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NEW YORK (AP) ? The former chief financial officer of Refco Inc. was accused in an indictment yesterday of participating in a scheme to defraud investors that resulted in losses of more than $1 billion (euro800 million).
In an indictment returned in ...
DATE: Oct 25, 2006
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West Hamilton Ltd., which is planning a major new office building on Pitts Bay Road, saw its shares jump more than nine percent yesterday to help drive up the Royal Gazette/Bermuda Stock Exchange Index.
West Hamilton, formerly Bermuda Bakery Ltd., so...
DATE: Oct 25, 2006
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Ace Ltd. last night reported it earned $578 million in the third quarter, rebounding from a loss a year after Hurricane Katrina.
Net income was $1.73 a share, compared with a net loss of $112 million, or 43 cents, a year earlier, when the company too...
DATE: Oct 25, 2006
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