76501 results returned for search: "" category "Business"
(Bloomberg) ? Bonds of insurance brokers such as Marsh & McLennan Cos., the world?s largest insurance brokerage, weakened on concerns about California?s investigation into possible bid rigging by insurance companies and brokers.
Marsh?s 5.375 percent...
DATE: Nov 02, 2004
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Q3 net income of $22.5 million, or $0.16 per ordinary share, compared with $99.0 million, or $0.71 per ordinary share, for the quarter ended September 30, 2003
Q3 net premiums written from general operations decreased 9 percent to $1.4 billion
Q3 cat...
DATE: Nov 02, 2004
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A legal suit against Bermuda-based investment firm Lines Overseas Management Limited has been dismissed.
The US District Court in Alabama formally dismissed the suit against LOM on October 20. The court had previously set aside a$6.4 million default ...
DATE: Nov 02, 2004
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Analysts will be looking for updates on New York Attorney General Eliot Spitzer's probe of the insurance industry as insurers such as XL Capital report results this week.
Spitzer sued Marsh & McLennan on October 14, alleging the largest insurance bro...
DATE: Nov 01, 2004
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ZURICH, Switzerland (AP) ? Bermuda-based Castlewood Holdings Ltd. has bought a reinsurance subsidiary of Zurich Financial Services for an undisclosed sum.
Zurich said on Friday that it sold its Turegum reinsurance unit to a subsidiary of Castlewood H...
DATE: Nov 01, 2004
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Architects will finally see a long-awaited piece of legislation brought online that is designed to protect their profession as well as members of the public.
Former president and current member of the Institute of Bermuda Architects Fraser Butterwort...
DATE: Nov 01, 2004
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Bermuda's well-established reputation for political and economic stability, and a balanced approach to regulation, are the main drivers of a burgeoning hedge fund industry that has grown by nearly 900 per cent in the last seven years.
There is now so...
DATE: Nov 01, 2004
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Masters Ltd.?s net income rose 16.7 percent in the first half of the year, but it warned that slowing sales meant it was cautious about predicting full year results.
The company also warned that staff benefits also rose by an ?astounding? 9.2 percent...
DATE: Nov 01, 2004
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The Royal Gazette/Bermuda Stock Exchange last week fell 3.435 points to close at 3153.10 in active trading of 673,556 shares worth $2.65 million.
Butterfield Bank saw 50,571 shares trade, pushing up the price 10 cents to $40.50 while Bermuda Commerci...
DATE: Nov 01, 2004
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Standard & Poor?s on Friday put a negative outlook on ACE Ltd.?s A+ financial strength ratings, citing the investigation of the insurance industry by New York Attorney General Eliot Spitzer and concerns about ACE?s ability to compete with larger comp...
DATE: Nov 01, 2004
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