49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Omega Insurance Holdings Ltd., a Lloyd's of London insurer, made a stock or cash offer to buy underwriting capacity at the London market for 2010 and subsequent years.
Omega will pay 0.3 common shares for every £1 ($1.60) of capa...
DATE: Jun 03, 2009
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NEW YORK (Bloomberg) — Primary insurers and reinsurance companies are "overly optimistic" about the outlook for casualty claims that may arise years into the future, Axis Capital Holdings Ltd. chief executive officer John Charman said.
"I've been ext...
DATE: Jun 03, 2009
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Crime and safety is one of the most pressing concerns facing Bermuda and its business community, according to the Chamber of Commerce's new president Stephen Todd.
Mr. Todd, who took over the Chamber hotseat at its Annual General Meeting in April, to...
DATE: Jun 03, 2009
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Argo Group International Holdings Ltd. has renamed its Lloyd's business as a continuation of the integration of its London operation which was acquired last year.
The international specialty re/insurance underwriter has changed the name of Heritage M...
DATE: Jun 03, 2009
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Bermuda-based Butterfield Fulcrum Group has been named Best Single Manager Administrator at the inaugural HFMWeek European Service Provider Awards.
The alternative investments specialist beat out five other firms in the category on the basis of "fina...
DATE: Jun 02, 2009
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NEW YORK (Bloomberg) — Ace Ltd. chief executive officer Evan Greenberg said competing insurers have underestimated the amount of reserves needed to back claims from policies sold in prior quarters and may face lower earnings because of it.
"Some comp...
DATE: Jun 02, 2009
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WASHINGTON (AP) — President Barack Obama pushed a humbled General Motors Corp. into bankruptcy yesterday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.
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DATE: Jun 02, 2009
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XL Re, the global reinsurance operations of XL Capital Ltd., yesterday announced it has received three awards from the Association for Cooperative Operations Research and Development (ACORD), a global, non-profit standards development organisation wh...
DATE: Jun 02, 2009
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DETROIT (AP) — General Motors Corp. said yesterday it will permanently close nine more plants and idle three others to trim production and labour costs under bankruptcy protection.
The closures will displace 18,000 to 20,000 GM employees, the company...
DATE: Jun 02, 2009
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, replaced the head of its mortgage insurance unit as the company weighs whether to shut the money-losing business.
Eric Martinez has been named to replace Will...
DATE: Jun 02, 2009
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