49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based XL Capital Ltd last night revealed the price it will pay for extricating itself from its ill-fated foray into the financial guaranty business — a cool $1.9 billion.
Some of XL's employees, meanwhile, will pay with their jobs, as the com...
DATE: Jul 29, 2008
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AUTHOR:
Jonathan Kent
PartnerRe Ltd. experienced a net loss of $26 million for the second quarter of 2008 after switching over to a new accounting method.
The global reinsurer's net loss was equivalent to 64 cents per share and compared to $105 million, or $1.66 per share...
DATE: Jul 29, 2008
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Amanda Jennison
Age: 29
Role: Recruitment consultant, Expertise Ltd.
What is your job?
I focus on the relationship management side of our recruitment management services. This means that I develop, build and maintain relationships with hiring manager...
DATE: Jul 29, 2008
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American Safety Insurance Holdings Ltd. saw a seven-percent decrease in net earnings during the second quarter as a result of a soft market.
It reported net earnings of $6.8 million, or $0.63 per diluted share, down from $7.3 million during the same ...
DATE: Jul 29, 2008
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NEW YORK (Bloomberg) — Hedge funds may post their worst month in at least five years after bets on financial stocks falling and on crude oil rising backfired.
Hedge Fund Research Inc.'s Global Hedge Fund Index of more than 55 funds slid 3.2 percent t...
DATE: Jul 29, 2008
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), the world's largest insurer, had its worst one-day decline since the market crash of October 1987 after the International Monetary Fund (IMF) aid there is no end in sight to the housing ...
DATE: Jul 29, 2008
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Customers could be forgiven for thinking they are taking part in a game of cricket when they enter the Bank of Bermuda's branches across the Island this week.
For the bank has decked out its branches with pictures of cricket and balloons in the St. G...
DATE: Jul 29, 2008
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One thing is for certain about Jibreel Talbot's line of work — that it never gets boring.
One day he may be up five storeys high welding metal on a building and the next he could be 50 feet under water carrying out work on a mooring.
But it is exactl...
DATE: Jul 29, 2008
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XL's chief operating officer Henry Keeling will retire from the company on Friday.
The announcement was made in yesterday's quarterly earnings report in which chief executive officer Michael McGavick outlined the new management structure of the compa...
DATE: Jul 29, 2008
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Net income: $237.9 million compared to $554.6 million in 2007.
Gross premiums written: $1.95 billion compared to $2.03 billion in 2007.
Combined ratio: 92.3 percent compared to 86.3 percent in 2007.
DATE: Jul 29, 2008
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