49296 results returned for search: "" category ("Other" AND "Business")
Aspen Insurance Holdings Ltd.'s Bermuda subsidiary Aspen Insurance Ltd. and its UK subsidiary Aspen Insurance UK Ltd. have been affirmed the 'A' financial strength ratings by AM Best Co. Best also assigned a 'stable' outlook to the ratings.
According...
DATE: Dec 23, 2008
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Bermudian students will be able to get ahead in their career thanks to a new scholarship launched by The Montpelier Re Foundation. The scholarship, which will be awarded for the first time in 2009, is open to suitably qualified full-time Bermudian st...
DATE: Dec 23, 2008
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WASHINGTON (Bloomberg) - General Motors Corp. (GM) and Chrysler LLC, steadied by a $13.4 billion federal lifeline, face a March 31 deadline to slash debt, rework labour contracts and plan for thousands of job cuts or face government-ordered bankruptc...
DATE: Dec 23, 2008
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CHARLOTTE (AP) — American International Group Inc. said yesterday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based insurer divests itself of units to pay back a US governm...
DATE: Dec 23, 2008
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Ace Ltd.'s ratings outlook was revised to positive from stable by Standard & Poor's on Friday on the strength of strong operating performance and investment losses that were low in comparison to peers.
S&P also affirmed the financial strength and cou...
DATE: Dec 22, 2008
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NEW YORK (Bloomberg) — Transatlantic Holdings Inc., the reinsurer owned by American International Group Inc., may be cut by Standard & Poor's because of "uncertainty" around AIG and earnings that missed the ratings firm's expectations.
AIG's majority...
DATE: Dec 22, 2008
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Standard & Poor's said on Friday that it may downgrade the ratings of Everest Re Group Ltd. because the insurer's underwriting performance fell below the rating agency's expectations.
S&P has A- counterparty credit ratings on Everest and its US-based...
DATE: Dec 22, 2008
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TORONTO (AP) — The federal and Ontario governments will provide the Canadian subsidiaries of US automakers with 4 billion Canadian dollars ($3.29 billion) in emergency loans, the prime minister said on Saturday.
The announcement follows a pledge Frid...
DATE: Dec 22, 2008
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West Hamilton Holdings took the biggest hit of the week on The Royal Gazette/Bermuda Stock Exchange Index (BSX).
The developer of one of Hamilton latest building projects at Belvedere Place tumbled 24.52 percent ($3.25) to $10, with 12,997 shares tra...
DATE: Dec 22, 2008
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The Federal Reserve, in the recent announcement of its policy direction, slashed the target fed-funds rate to a range of 0 to 0.25 percent. This didn't come as a huge surprise, because the effective rate was already well below the previous target of ...
DATE: Dec 22, 2008
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