49296 results returned for search: "" category ("Other" AND "Business")
Validus Holdings' profits jumped to $70.8 million for the second quarter compared to $29.7m a year ago.
That equates to $1.17 per diluted common share, up from $0.51 in 2006.
Ed Noonan, chairman and chief executive officer of Validus, said: "We are p...
DATE: Aug 10, 2007
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AUTHOR:
Scott Neil
A strategy of seeking to find better risk returns through a more global book of business rather than one heavily focused on the US remains in place at Flagstone Re despite the company suffering a 44 percent dip in second quarter profits as a result o...
DATE: Aug 10, 2007
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CATEGORY:
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AUTHOR:
Scott Neil
NEW YORK (Bloomberg) Bermuda-based Tyco Electronics Ltd., the world's biggest maker of electric connectors, posted a loss of $1.37 billion in its first quarter as an independent company, mostly because of a settlement in a shareholder lawsuit.
The th...
DATE: Aug 10, 2007
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Ace Overseas General has appointed Edward Levin, currently regional executive vice president, Accident & Health with Ace Europe, to the position of executive vice president, International A&H.
In addition, Andy Hollenberg, currently vice president, A...
DATE: Aug 10, 2007
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TORONTO (Reuters) - The Toronto Stock Exchange's main index closed at its lowest level in more than three months as intensifying concerns over global credit markets sparked a broad sell-off that was led by banks.
The S&P/TSX composite index closed do...
DATE: Aug 10, 2007
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The Fairmont Hamilton Princess held a celebratory ceremony to mark the final work week for 28 Bermudian students involved in its 2007 Fairmont Summer Work Experience Programme. Each student was presented a Certificate of Completion by the department ...
DATE: Aug 10, 2007
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Assured Guaranty Ltd. suffered a 26 percent loss in profit due to a decline in the market value of subprime mortgage-backed securities.
They reported a drop of almost $12 million from $44.5m or 60 cents per diluted share for the second quarter in 200...
DATE: Aug 10, 2007
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NEW YORK (Bloomberg) Covidien Ltd., the medical-supplies maker spun off from Tyco International Ltd., reported a fiscal third-quarter net loss on costs associated with the settlement of a shareholder lawsuit against its former parent.
The loss for th...
DATE: Aug 10, 2007
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Net income: $70.8 million compared to $29.7 million in 2006
Combined ratio: 55.3 percent
Gross premiums written: $174.3 million compared to $110.5 million in 2006
DATE: Aug 10, 2007
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NEW YORK (AP) Wall Street's deepening fears about a spreading credit crunch sent stocks plunging again, with the Dow Jones industrials extending their series of triple-digit swings and falling more than 380 points. The catalyst for the market's lates...
DATE: Aug 10, 2007
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CATEGORY:
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