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SAN FRANCISCO (MarketWatch) — Oil and gas drilling contractor Nabors Industries reported a 26 percent drop in third-quarter profit, hurt by a slump in its core North American market, where a surplus of natural gas is weighing on drilling activity. Na...

BOSTON (Bloomberg) — Tyco International, the world's biggest maker of security systems through its ADT unit, agreed with a lender to extend the maturity of a $500 million bridge loan by six months. The date was pushed to June 15 from December 15, Ber...

Amlin has appointed the former chief executive officer of Farmers Group, Martin Feinstein as an independent non-executive director. He will take his new post with effect from December 1. “Marty Feinstein was an outstanding CEO of Farmers, one of the ...

Following an article which appeared in yesterday's paper about Alex Dill, we have been asked by the Caines family to point out that Onion TV is a family-run business owned and operated by the Caines family and the brainchild of the project is Travis ...

Specialising in niche markets has been a key component to Everest Re’s successful third quarter results, according to chairman and CEO Joe Taranto. Mr. Taranto outlined the case for his company’s lack of exposure in areas such as small premium items ...

More than 11 major wildfires are burning, mostly unchecked, with hundreds of thousands of residents in the San Diego and Los Angeles areas forced to evacuate as high winds fan the flames. "Over 900 properties have been destroyed and thousands of othe...

Chubb Corporation has improved its third quarter profits by $134 million to $738 million and has revised its operating income per share expectation for the year between $6.05 - $6.15. While the company is keeping its eye on the California wildfire ev...

MUNICH (Bloomberg) — European property and casualty reinsurance rates may drop by about five percent to 10 percent when contracts come up for renewal in January, Standard & Poor's said. "We expect this range of a decline at the current early point in...

TORONTO (Bloomberg) — HSBC Financial Corporation, a unit of HSBC Holdings that offers mortgages and consumer loans, will close 30 of its 140 Canadian branches, affecting about 300 workers. HSBC Financial will shut the offices by October 31 as the com...

:Platinum Underwriter Holdings has achieved an eight percent increase in its third quarter profits by eight percent, year-on-year, to $91.3 million. ---- That amounts to an income per common share of $1.37 up nine cents. Net premiums earned fell 14.5...