49296 results returned for search: "" category ("Other" AND "Business")
XL Insurance, Bermuda-based XL Capital Ltd.'s global insurance operation, yesterday announced the opening of its new regional office in Atlanta, Georgia.
Located in the Buckhead District at 3525 Piedmont Road, 7 Piedmont Center, the new office will p...
DATE: Dec 19, 2008
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LONDON (Bloomberg) — UK mortgage lending fell an annual 51 percent in November, and next year borrowers will pay off more of their debt than banks lend out for the first time in at least four decades, the Council of Mortgage Lenders said. Banks loane...
DATE: Dec 19, 2008
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NEW YORK (AP) - Wall Street extended its losses yesterday, as a negative ratings outlook on financial and industrial powerhouse General Electric Co. (GE) shook an already fragile investor psyche and sent stocks tumbling.
After moving within a narrow ...
DATE: Dec 19, 2008
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NEW YORK (Reuters) - Insurer Ace Ltd. said yesterday it expects to earn between $7.25 and $8.25 per share next year, the midpoint of which is below the average expected by analysts.
The company also expects $415 million in pre-tax catastrophe losses,...
DATE: Dec 19, 2008
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MIAMI (AP) — Homebuilder Lennar Corp. trimmed its losses in the fourth quarter, but predicted more grim financial results ahead.
Like many homebuilders, Lennar has struggled through what chief executive Stuart Miller described yesterday as: "The most...
DATE: Dec 19, 2008
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WASHINGTON (AP) — The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing US auto industry.
White House press secretary Dana Perino said yesterday: "There's an orderly way to do bankruptci...
DATE: Dec 19, 2008
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NEW YORK (Bloomberg) — Life insurers may get looser reserve requirements in time for their end-of-the-year results, Washington DC Insurance Commissioner Thomas Hampton said.
"We want to make sure we give the companies sufficient time" to apply new ru...
DATE: Dec 19, 2008
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Bermuda reinsurer IPC Holdings Ltd. has had its A (excellent) financial strength rating affirmed by AM Best.
But Best has maintained its negative outlook on the rating because it believes IPC has not optimised its use of capital.
"The negative outloo...
DATE: Dec 19, 2008
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Zurich Financial Services (ZFS), of Switzerland, has agreed to pay a $25 million penalty, plus $1 million in disgorgement, for participating in an allegedly fraudulent finite risk arrangement involving its Bermuda office and two Bermuda reinsurers, I...
DATE: Dec 19, 2008
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NEW YORK (Bloomberg) — American International Group Inc. was sued by Duke University for failing to pay legal costs tied to the school's court battle with lacrosse team members falsely accused of charges they sexually assaulted a stripper.
An AIG uni...
DATE: Dec 19, 2008
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