76504 results returned for search: "" category "Business"
ACE CEO Evan Greenberg last week shot down criticism that the company may be leading a drop in insurance rates, instead saying the company was poised to walk away from business when premium prices went too low.
?We will not purposely write business a...
DATE: Aug 02, 2004
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OSLO (Reuters) ? Norwegian-American cruise line Royal Caribbean Cruises posted a sharper gain than expected in second-quarter profits, helped by higher prices, and hiked its 2004 earnings guidance.
Its shares surged more than eight percent in trading...
DATE: Aug 02, 2004
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Bermuda-based insurance giant XL Capital has generated record first-half net income for the year.
In its latest quarterly financial update the company reported that for the six months ended June 30, 2004, net income available to ordinary shareholders...
DATE: Aug 02, 2004
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NEW YORK (Bloomberg) ? Bonds of ACE Ltd., a Bermuda-based property and liability insurer, were cut to ?hold? from ?buy? at UBS Securities LLC on concern about a review of ACE loss reserves by Pennsylvania insurance regulators due later this year.
ACE...
DATE: Aug 02, 2004
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The Royal Gazette/Bermuda Stock Exchange closed down 9.973 points last week.
Most of the downward movement during the week's shortened trading session came at the hands of LOM Holdings Limited, whose shares slumped 8.82 percent to end the week at $3....
DATE: Aug 02, 2004
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XL Capital is selling its 30 percent stake in London's Pareto Partners, a currency and asset manager, for undisclosed terms.
Mellon Financial Corp. on Friday said it would buy the 70 percent of Pareto, which has more than $40 billion under management...
DATE: Jul 31, 2004
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The Royal Gazette/Bermuda Stock Exchange Index fell .01 on Wednesday to close at 2,078.04.
Bank of Butterfield shares rose 25 cents to close at $42 on a volume of 1,270 shares. The only other movement on the exchange was the declines of LOM Holdings ...
DATE: Jul 31, 2004
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Bermuda-based Montpelier Re Holdings Ltd.'s has reported a $5.5 million drop in net income ? to $107 million in the second quarter ? as expenses outstripped the company's revenues.
The company said it had recorded a "strong underwriting result", alth...
DATE: Jul 31, 2004
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The global news has become a daily mind-numbing litany of endless tragedies, real, yes, in one sense, but surreal in another, particularly when events are not close to home. We feel tremendous empathy for unfortunate victims of senseless violence, so...
DATE: Jul 31, 2004
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This is the text of a press release from XL Capital:
HAMILTON, Bermuda, July 28 /PRNewswire-FirstCall/ -- XL Capital Ltd (NYSE: XL) ("XL" or the "Company") today reported net income available to ordinary shareholders for the quarter ended June 30, 2...
DATE: Jul 31, 2004
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