49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Annuity and Life Re (Holdings) Ltd. announced last night that it is in discussions with a third party regarding the possible sale of the company.
The news was revealed in Annuity's third-quarter results statement, which showed a net los...
DATE: Oct 28, 2008
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The Royal Gazette/Bermuda Stock Exchange had a flat day yesterday, closing unchanged at 3,814.38.
Only Butterfield Bank and Bermuda Aviation Services were active — with Butterfield trading 5,000 shares and closing unchanged at $12 while Bermuda Aviat...
DATE: Oct 28, 2008
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LONDON (Bloomberg) — Britain's Prime Minister Gordon Brown said that sovereign wealth funds should be tapped to help fuel growth in the UK and other countries that may be facing recession.
"My view of sovereign wealth funds is that they want to opera...
DATE: Oct 28, 2008
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The management team at The Reefs is quite literally keeping it in the family. David Dodwell senior, president of the resort based in Southampton, has been at The Reefs for the past 35 years.
And now his son David Dodwell junior has been appointed dir...
DATE: Oct 28, 2008
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LONDON (Bloomberg) - Bermuda-based insurer Hiscox Ltd. said that hurricanes Gustav and Ike cost an estimated $25 million and $150 million respectively.
The insurer is planning to raise capacity at its £550 million ($861 million) Syndicate 33 unit by ...
DATE: Oct 28, 2008
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Bermuda College and the Ace Group have formed a strategic partnership to help open the doors of the corporate world to College students.
The threefold vision of the programme is "alignment, connection and success", said Rees Fletcher, Ace Bermuda pre...
DATE: Oct 28, 2008
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NEW YORK (Bloomberg) — US property and casualty insurers are well capitalised and a "substantial majority" won't sell stock to the government under Treasury's $700 billion bailout of financial companies, the American Insurance Association said.
The p...
DATE: Oct 28, 2008
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Continuing market turmoil would result in a "sea of red ink" all over insurers' year-end results, according to Lancashire Holdings chief executive officer Richard Brindle.
Payouts resulting from hurricanes Ike and Gustav and investment losses emanati...
DATE: Oct 28, 2008
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NEW YORK (Bloomberg) — Loews Corp., the holding company run by New York's Tisch family, will inject $1.25 billion into CNA Financial Corp. after the insurance unit posted a third-quarter loss on investment declines and hurricane claims. Loews fell 12...
DATE: Oct 28, 2008
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TORONTO (Reuters) - A see-saw session on the Toronto Stock Exchange on Friday saw the the main index slump to hit a four-year low and then bounce back in a late-session rebound that could lead to a strong opening on today.
But market players are nowh...
DATE: Oct 27, 2008
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