49296 results returned for search: "" category ("Other" AND "Business")
TORONTO (Bloomberg) - Canadian stocks snapped a three-day slump that pushed the main index into a bear market as financial shares and energy companies rose after oil gained and central banks agreed to pump $247 billion into the financial system.
Bank...
DATE: Sep 19, 2008
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Hiscox Ltd. (Bermuda) has seen its operating companies upgraded by AM Best Co.
Best upgraded all of their financial strength ratings (FSR) to A (excellent) from A- (excellent) and the issuer credit ratings (ICRs) to "a" from "a-".
The operating compa...
DATE: Sep 19, 2008
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Two of Britain's biggest insurers are considering moving their headquarters offshore in an effort to cut their tax bills, The Financial Times reported yesterday.
But RSA Insurance, the UK's second-largest general insurer, and life assurance Prudentia...
DATE: Sep 19, 2008
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TORONTO (Bloomberg) - Canadian stocks fell into a bear market, as Manulife Financial Corp. led financial firms on their steepest decline in eight years, after saying that it will write down investments with US banks and insurers.
Sun Life Financial I...
DATE: Sep 18, 2008
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Amid all the financial turmoil impacting the US markets, The Royal Gazette/Bermuda Stock Exchange (BSX) Index enjoyed a quiet day, dropping 26.21 points (0.61 percent).
The Index traded 7,800 shares worth $110,100 to close down at 4,282.03.
Among the...
DATE: Sep 18, 2008
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The impact of Hurricane Ike on the re/insurance industry is expected to be "manageable" due to the capital strength of the sector.
That is the view of AM Best Co., which has begun to assess the potential financial effect Ike might have on the propert...
DATE: Sep 18, 2008
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NEW YORK (Bloomberg) — The US government took control of American International Group Inc. in an $85 billion bailout to prevent the bankruptcy of the nation's biggest insurer and the worst financial collapse in history.
The Federal Reserve will provi...
DATE: Sep 18, 2008
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LONDON (Reuters) – British bank Lloyds TSB has agreed to buy rival HBOS Plc to create a £28 billion ($50 billion) mortgage company, reports said yesterday, the latest troubled bank to be forced into the arms of a better-funded rival.
The BBC said HBO...
DATE: Sep 18, 2008
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LONDON (Bloomberg) — Barclays Plc, the UK's third- biggest bank, may buy parts of Lehman Brothers Holdings Inc.'s European investment bank after agreeing to acquire the bankrupt securities firm's North American business for $1.75 billion.
Barclays pl...
DATE: Sep 18, 2008
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NEW YORK (AP) - Wall Street plunged again in a crisis of confidence yesterday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group (AIG) Inc. The Dow Jones industrial average dr...
DATE: Sep 18, 2008
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