49296 results returned for search: "" category ("Other" AND "Business")
Rebalance your finances during these tough economic times to reap the rewards in the long-term.
That was the message from North Atlantic Asset Management's investment manager Miguel DaPonte to the Chamber of Commerce members attending a meeting held ...
DATE: Oct 30, 2008
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Bermuda-based Aspen Insurance Holdings Ltd. yesterday reported a net loss for the third quarter of $116.7 million as it suffered the effects of pay-out claims on Hurricanes Gustav and Ike and exposure to Lehman Brothers investments.
The insurer, whic...
DATE: Oct 30, 2008
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Net income: Loss of $116.7 million compared to a profit of $117.2 million in 2007
Combined ratio: 123.3 percent compared to 84.5 percent in 2007
Gross premiums written: $441.3 million compared to $373.5 million in 2007.
DATE: Oct 30, 2008
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NEW YORK (Bloomberg) - Bermuda-based MF Global Ltd., the derivatives broker that lost 90 percent of its market value this year, said chief executive officer Kevin Davis resigned and was replaced by Bernard Dan.
Mr. Dan, 47, joined MF Global in June a...
DATE: Oct 30, 2008
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LONDON (Bloomberg) — Bermuda-based Invesco Ltd., manager of Aim and PowerShares funds, said third-quarter earnings fell 21 percent as global equity markets declined the most in six years and investors pulled money from their accounts.
Net income decl...
DATE: Oct 30, 2008
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Mortgage holders received a boost yesterday when both the Bank of Bermuda and Capital G Bank announced a 0.5 percent cut in lending rates.
The banks' action followed yesterday afternoon's move by the US Federal Reserve to cut its influential Fed Fund...
DATE: Oct 30, 2008
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - British finance minister Alistair Darling said governments must adapt their economic policies to tackle the fallout from the financial crisis, as speculation grows Britain is preparing to abandon its fiscal rules limiting borrowing...
DATE: Oct 30, 2008
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NEW YORK (Bloomberg) - Google Inc. will pay $125 million to settle two copyright lawsuits by publishers and authors over its book-scanning project, a "historic" deal that the company said will make millions of books searchable and printable online.
T...
DATE: Oct 29, 2008
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Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001.
He said the erosion of capacity, due to widespread catastr...
DATE: Oct 29, 2008
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AUTHOR:
Jonathan Kent
Oops! Here is a sad story of how not to use an Excel spreadsheet when doing complicated financial computations.
It seems that a lawyer in the deal between Barclays Capital and the bankrupt Lehman Brothers did not spot an error when converting an Exce...
DATE: Oct 29, 2008
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