49296 results returned for search: "" category ("Other" AND "Business")
Second-quarter profits at White Mountains Insurance Group have dipped just over $13 million year-on-year, with chairman and CEO Ray Barrette referring to the performance as "OK."
The company made a profit of $102.6m compared to $115.8m a year ago.
th...
DATE: Aug 06, 2007
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AUTHOR:
Scott Neil
CastlePoint Holdings made a $10.5 million profit in the second quarter of the year, compared to a $1.1m loss over the same period last year.
Much of its improved performance is being put down to its risk sharing and program business and the growth of...
DATE: Aug 06, 2007
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A short three-day week, caused by the Cup Match national holiday, saw the Royal Gazette / Bermuda Stock Exchange little changed with only a modest 4.56 points (0.09 percent) fall from the closing figure the previous Friday.
Just over $2 million-worth...
DATE: Aug 06, 2007
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Unsettled credit markets unnerve investors. Credit markets remain unsettled, creating lots of uncertainty among investors. As soon as things appear to have settled down, another revelation reminds the markets of the underlying risk.
On day we hear of...
DATE: Aug 06, 2007
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Net income: $10.5 million compared to $1.17 million (loss) in 2006.
Combined ratio: 86.7 percent compared to 91.2 percent in 2006.
Gross written premiums: $53.6 million compared to $20.3 million in 2006.
DATE: Aug 06, 2007
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The bad rap and innuendos fired at offshore financial centres as being havens for "dirty money" is increasingly wide of the mark, and it is the big onshore jurisdictions such as the US, UK and Australia that need to look more closely at what is going...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
MONTREAL (Reuters) - Canada's gold stocks may glitter in the weeks ahead if jittery investors seek a safe haven in producers of the precious metal.
The S&P/TSX global gold index closed the last week at 278.84, down slightly from 279.36 the previous w...
DATE: Aug 06, 2007
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XL Capital has increased its acknowledged exposure to collateralised debt obligations (CDOs) by $600 million after reviewing its definition of certain securities that were not previously included in its methodology.
As a result XL now estimates its t...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda "Class of 2005" start-up Flagstone Reinsurance Holdings Limited has taken a majority position in Cayman Islands' Island Heritage Holdings Limited.
Flagstone previously had just over a 28 percent stake in the Cayman domiciled Island Heritage G...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
PXRE Group has announced that, conditioned on and subject to the completion of the merger transaction by and among PXRE, PXMS Inc. and US-based Argonaut Group, Inc., it has requested that the New York Stock Exchange suspend trading of its common shar...
DATE: Aug 06, 2007
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CATEGORY:
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