49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Ace, XL Capital, American International Group and Chubb Corp. may face higher claims from insuring corporate customers against litigation expenses as more investors file lawsuits amid falling stock markets, Standard & Poor's sa...
DATE: Nov 04, 2008
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NEW YORK (Bloomberg) — XL Capital Ltd., the Bermuda-based business insurer that bailed out bond guarantor Syncora Holdings Ltd., said yesterday it lost $1.62 billion in the third quarter on a charge tied to the rescue.
Book value per share, a measure...
DATE: Nov 04, 2008
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NEW YORK (Bloomberg) — Bermuda reinsurer Maiden Holdings yesterday acquired the reinsurance business of GMAC.
Maiden, which was founded in May last year, also bought two insurance units from GMAC, the auto and home lender, which is striving to avoid ...
DATE: Nov 04, 2008
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LONDON (Bloomberg) — Peter Levene, chairman of Lloyd's of London, said the world's biggest insurance market will be shielded from the worst effects of the credit crisis by its conservative investment strategy
"Our investment policy now is unbelievabl...
DATE: Nov 04, 2008
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Age: 36
Role: Travel Consultant and Shore Excursion Tour Agent, Meyer-Franklin Travel
What is your job? I wear two hats-one as a travel consultant, the other as a shore-excursions agent. As a result, my work varies tremendously depending on the day a...
DATE: Nov 04, 2008
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Bermuda's up-and-coming entrepreneurs and small businesses were on show at the initial opening of Gallery 135 on Saturday.
The new retail centre, which is based at 135 Front Street, attracted more than 250 viewers, who came to check out some of the I...
DATE: Nov 03, 2008
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After a "difficult" third quarter, White Mountains Insurance Group reported that a net loss of $277 million on Friday. This compared to a net gain of $111 million in the third quarter of 2007.
The company adjusted its book value downward 9 percent to...
DATE: Nov 03, 2008
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XL Capital Ltd. and American International Group were both downgraded by stock analysts on Friday — but the two insurers received very different responses from the market.
Bermuda-based XL was downgraded from "buy" to "neutral" by Banc of America Sec...
DATE: Nov 03, 2008
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AUTHOR:
Jonathan Kent
Utilities stocks had a hard week of trading on the Royal Gazette/Bermuda Stock Exchange with Belco, KeyTech and Watlington Waterworks all dropping on the week.
KeyTech was hardest hit, falling to $9.50 a share — a new 52-week low — with a 19.83 perce...
DATE: Nov 03, 2008
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Bermuda-based industrial giant Foster Wheeler has won a contract to manage a project to establish a new oil refinery in Libya.
The company announced last week that its Milan-based subsidiary Foster Wheeler Italiana S.p.A. was awarded the contract by ...
DATE: Nov 03, 2008
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