76472 results returned for search: "" category "Business"
A subsidiary of Bermuda-based Arch Capital Group Ltd. has sold its US marine insurance business to industry giant American International Group.
AIG, which is beefing up its marine insurance operations, bought the US marine insurance business of Arch ...
DATE: Oct 04, 2006
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NEW YORK (Bloomberg) ? Refco LLC, a unit of Refco Inc. that is liquidating its assets, reached a settlement with investment funds tied to Jim Rogers that reduces the funds? claims against the bankrupt company by $332 million.
Rogers International Raw...
DATE: Oct 04, 2006
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LONDON (Bloomberg) ? Lloyd's of London, the 300-year-old insurance market, should reduce costs and improve its services to compete with other insurance markets, the UK's financial-services regulator said.
"It is difficult to see how London can retain...
DATE: Oct 04, 2006
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LONDON (Reuters) ? The UK?s financial watchdog said on Monday that it would it formally investigate whether it should require insurance brokers to disclose how much commission they make for arranging cover for risks.
In a speech given to London insur...
DATE: Oct 04, 2006
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LONDON (Reuters) ? The Lloyd?s of London insurance market yesterday unveiled plans to change its structure that would alter the way in which individual investors have put money into the market for over 300 years.
A report to market participants sent ...
DATE: Oct 03, 2006
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BAHRAIN (Bloomberg) American International Group Inc., the world?s largest insurer, yesterday opened a Bahrain-based unit offering policies that comply with Islamic principles as it bids to win new customers from among the world?s 1.6 billion Muslim...
DATE: Oct 03, 2006
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American Safety Insurance Holdings, Ltd. said yesterday that ratings agency A.M. Best Company had affirmed the rating of ?A? (Excellent) of its US insurance and Bermuda reinsurance subsidiaries, and had changed the outlook to ?stable?.
According to A...
DATE: Oct 03, 2006
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Troubled insurer Alea Group Holdings (Bermuda) Ltd. yesterday sold a US subsidiary to a unit of Praetorian Financial Group for $34.6 million.
Alea, which is in run-off, said its subsidiary, Alea North America Insurance Company, completed the sale of ...
DATE: Oct 03, 2006
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The Royal Gazette/Bermuda Stock Exchange Index remained unchanged yesterday to close at 4,938.40
Although five issues traded, none changed price and volumes were generally light.
Butterfield Bank traded 404 shares to close at $56.50 while Bermuda Com...
DATE: Oct 03, 2006
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French oil company Rubis SA yesterday announced it had completed the purchase of Shell Oil?s operations in Bermuda.
According to a statement on the company?s website, Shell?s business in Bermuda will continue to be marked under the Shell brand.
Terms...
DATE: Oct 03, 2006
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