76481 results returned for search: "" category "Business"
Bermuda-based XL Capital is boosting its prospects for casualty insurance policy sales in the US after reaching an agreement to take over ?substantial? business from an insurer that sells the coverage across America, the company said yesterday.
Under...
DATE: Aug 30, 2005
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WASHINGTON (Bloomberg) ? Hurricane Katrina?s estimated cost for insurers was cut to $9 billion to $16 billion by storm modeller Eqecat Inc. after the storm veered away from New Orleans.
Katrina is on track to be the second most-expensive hurricane to...
DATE: Aug 30, 2005
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DATE: Aug 30, 2005
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Bermuda?s reinsurance industry could face billion dollar claims from two-timing Hurricane Katrina, after the storm caused flood damage in Southern Florida on Friday only to strengthen for a more severe onslaught of the Gulf Coast region yesterday.
Wh...
DATE: Aug 30, 2005
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WASHINGTON (AP) ? Retail gasoline prices are poised to jump to new highs this week as Hurricane Katrina barrelled through the heart of US oil and natural gas operations in the Gulf of Mexico yesterday, sending crude-oil futures briefly above $70 a ba...
DATE: Aug 30, 2005
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NEW YORK (Bloomberg) ? Intelsat Ltd. agreed to buy PanAmSat Holding Corp. for $3.2 billion in cash to form the world's largest commercial satellite operator and gain broadcasting customers including Time Warner Inc.'s CNN and MTV.
Intelsat, owned by ...
DATE: Aug 30, 2005
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The company operates 12 very large crude carriers, able to hold 2 million barrels, and 10 ships half that size, which could be used as platforms for oil production or as storage ships, Chief Executive Oscar Spieler of the company?s operations unit in...
DATE: Aug 30, 2005
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The Royal Gazette/Bermuda Stock Exchange Index lost 38.629 points last week to close at 3,592.87 ending a record-breaking run.
Bermuda Commercial Bank Ltd. lost $1 and closed at $7.50 after 2,600 shares moved. BF&M Ltd. lost $1.40 and closed at $14 a...
DATE: Aug 29, 2005
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(Bloomberg) ? KPMG LLP will pay $456 million in fines under an agreement with federal authorities to avoid prosecution for selling abusive tax shelters, people familiar with the matter said.
The settlement, under negotiation since June, will be unvei...
DATE: Aug 29, 2005
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AXIS Capital Holdings Limited has signed a $1.5 billion syndicated credit agreement.The renewal agreement is an unsecured five-year facility to allow the Bermuda-based company to issue letters of credit up to the full amount of the facility and to bo...
DATE: Aug 29, 2005
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