49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - Property insurer Travelers Cos Inc and Allstate Corp , the largest publicly traded US home insurer, reported weaker results, hurt by higher catastrophe losses.
Travelers, which saw an 82 percent slide in earnings, said it is tryi...
DATE: Oct 24, 2008
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Bermuda-based Platinum Underwriters Holdings Ltd. has increased its share repurchase programme by $46 million.
The company announced this week it would raise the authorised amount under its existing share repurchase programme to a total of up to $250...
DATE: Oct 24, 2008
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Bermuda-based insurer Argo Group International Holdings Ltd. yesterday announced the launch of a financial products unit in London.
Argo Financial Products Ltd. will focus on providing non-US domiciled clients lines including directors' and officers'...
DATE: Oct 24, 2008
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A Bermuda-based hedge fund that buys emerging-market debt is being liquidated after lenders withdrew credit, according to sources cited by Bloomberg.
Michael Morrison and Charles Thresh, of KPMG, were appointed as provisional liquidators of the Mille...
DATE: Oct 24, 2008
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TORONTO (Reuters) — The Toronto Stock Exchange's main index closed higher yesterday as bargain-hunting sparked a late-day rally after a big drop earlier in the session.
In see-saw activity that spanned nearly 580 points from trough to peak, the S&P/T...
DATE: Oct 24, 2008
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NEW YORK (Bloomberg) — Allstate Corp., Prudential Financial Inc. and Lincoln National Corp. suspended their share buybacks this month to cushion against declines in the value of the insurers' fixed-income investments.
Allstate joined its competitors ...
DATE: Oct 24, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer bailed out by the US, may need to borrow more than the $122.8 billion already offered by the government if capital markets don't improve, said chief executive officer Edward Liddy....
DATE: Oct 24, 2008
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new york (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, tumbled the most in seven years in New York trading after posting a 46 percent drop in third-quarter profit and cutting its full-year forecast.
Willis fell...
DATE: Oct 24, 2008
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Montpelier Re Holdings Ltd. suffered a $142 million net loss during the third quarter of 2008, reflecting expected losses of $130 million from Hurricanes Gustav and Ike and a combined total of $88 million in realised, unrealised and foreign exchange ...
DATE: Oct 24, 2008
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Bermuda insurer Endurance Specialty Holdings Ltd. has announced that it expects to report a third-quarter operating loss of between 96 cents and $1.15 per share.
The main reasons were estimated losses of $145 million related to hurricanes Gustav and ...
DATE: Oct 23, 2008
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AUTHOR:
Jonathan Kent
