49296 results returned for search: "" category ("Other" AND "Business")
XL Capital Group's financial strength rating from AM Best will remain at A (excellent) after the Bermuda insurer published preliminary third-quarter results this week, the ratings agency said yesterday.
XL estimated it lost more than $1.6 billion in ...
DATE: Oct 17, 2008
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AUTHOR:
Jonathan Kent
Argo Group International Holdings Ltd. expects to pay out between $50 million and $70 million in claims as a result of the impact caused by Hurricanes Gustav and Ike.
Of that estimate, which includes reinstatement premiums and is on a pre-tax basis, ...
DATE: Oct 17, 2008
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BEIJING (AP) — China's economic growth will slow in coming months as crucial export markets in Europe and the US dry up, the World Bank's senior economist in Beijing said yesterday.
In an interview with AP Television, Louis Kuijs said China's overall...
DATE: Oct 17, 2008
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WASHINGTON (Reuters) - Big investors will be required to disclose their short positions to the US Securities and Exchange Commission under an interim final rule issued by the SEC.
The commission said short-sale reports provide it with important infor...
DATE: Oct 17, 2008
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LONDON (Reuters) - Emerging stock markets slumped more than six percent yesterday, hitting their lowest in three years as panic returned to financial markets and ratings agency S&P raised concerns over Russia, Hungary and Ukraine.
The fall — followin...
DATE: Oct 17, 2008
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WASHINGTON (AP) — Treasury Secretary Henry Paulson yesterday expressed regret for the many errors made that led to the biggest financial crisis in seven decades, but he insisted the US administration is pursuing the correct course now to end the deba...
DATE: Oct 17, 2008
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It proved to be a day of losses on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with no fewer than three companies seeing their share prices fall.
Belco Holdings Ltd. was hardest hit, dropping $2 (11.11 percent) to close on $16, wi...
DATE: Oct 17, 2008
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With economic terror sweeping the globe, the question of whether Bermuda is in a recession — or heading for one — is on everyone's mind.
US Consul General Gregory Slayton told a meeting of reinsurers on Wednesday, Bermuda "is in a recession" but by a...
DATE: Oct 17, 2008
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NEW YORK (Bloomberg) — Morgan Stanley chief executive officer John Mack said tumbling markets may drive some hedge funds out of business.
"Some of my friends in that community say that by year-end, you'll see the number of firms in the hedge-fund are...
DATE: Oct 17, 2008
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Lawyers for two Bermuda-based entities will appear in a New York state Supreme Court today in a legal action which has led to a freeze on redemptions from Reserve Management Co's International Liquidity Fund.
Dow Jones Newswire reported on Wednesday ...
DATE: Oct 17, 2008
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