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"Be careful when adding/removing a name from deeds "

Property owners often wonder about adding or removing names from the property deeds. In the past it was advantageous for parents to add their children to ownership, but rules have changed and there is now a tax consequence in adding children. A pers...
Sep 26, 2011
Opinion Writer

"What should you consider when investing in dividend-paying stocks"

Listen to a rather ordinary casual comment. “The company is paying a great dividend, around 5%. I’m seriously considering buying some of their shares.” Not so fast. Think about what was just said. Is that all you should consider, a complete focus on...
Sep 24, 2011

"After a great wedding, a honeymoon to match"

It was easy for us to conclude that the talk of the town last week must have been our feature on strikingly beautiful wedding of Gary Simons the widely esteemed President of the Cornerstone Foundation and Senior Pastor of Cornerstone Bible Fellowship...
Sep 24, 2011
Reinsurance

"Lloyd’s of London pulls deposits from banks on debt crisis"

LONDON (Bloomberg) Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank (ECB) provided dollars to one euro-area in...
Sep 22, 2011
International Business

"Torus strikes deal to expand into Lloyd’s market"

Bermuda-based Torus Insurance Holdings Ltd is set to buy its way into the Lloyd’s of London market after agreeing to purchase Broadgate, which underwrites through syndicate 1301, from Clal Insurance Enterprise Holdings. Torus will retain Broadgate’s ...
Sep 21, 2011
Reinsurance

"Montpelier Re agrees to sell US unit for $55m"

Bermuda re/insurer Montpelier Re Holdings Ltd has agreed to sell its US excess and surplus lines business to Selective Insurance Group in a deal worth $55 million. The sale of Montpelier US Insurance Company (MUSIC) will allow the company to allocate...
Sep 21, 2011
Personal Finance

"AFL expert advises: Don’t live ‘up to your means’"

We need to stop living “up to our means” and buying the house, car and other material things that we think we can afford. This is the advice from Cindy Campbell, chief operating officer of AFL Investments, a joint venture between the Argus Group and ...
Sep 21, 2011
Reinsurance

"XL Insurance raises property insurance capacity to $750m"

XL Insurance, the global insurance underwriting operations of XL Group plc, has announced an increase in its property insurance capacity from $600 million to $750 million. Joseph Tocco, head of XL Insurance’s North America Property unit, said: “More ...
Sep 20, 2011
Reinsurance

"Byrne says Omega deal is ‘80% there’"

Mark Byrne believes the deal that would give him a 25 percent stake in Bermuda-based insurer Omega Insurance Holdings Ltd is “80 percent there”. If the £50 million ($78.4 million) deal goes through within the next few weeks, the founder of Flagstone ...
Sep 20, 2011
Reinsurance

"Transatlantic rejects Buffett bid"

NEW YORK (Bloomberg) Transatlantic Holdings Inc is rejecting a $3.25 billion takeover offer from Warren Buffett’s Berkshire Hathaway Inc that was set to expire yesterday. “The Transatlantic board of directors does not believe the all-cash proposal, a...
Sep 20, 2011
Reinsurance

"Allied World ends Transatlantic merger bid"

Allied World Assurance Company Holdings AG has announced it terminated its $2.94 billion merger agreement with reinsurer Transatlantic Holdings Inc. Under the terms of the agreement, Allied World will receive a termination fee of $35 million plus $13...
Sep 19, 2011
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