Reinsurer Offering Raises $221 Million. Endurance Specialty Holdings, a reinsurer, raised $220.8 million, as much as 15 percent less than planned, in only the third initial public offering so far this year. By Bloomberg News. [New York Times: Business]
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Swiss Re to Post Loss and Cut Dividend. Swiss Reinsurance, a big reinsurer, said on Wednesday that it would post a loss for 2002 of 100 million Swiss francs ($74 million). By The New York Times. [New York Times: Business]
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Benjamin Franklin. "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." [Quotes of the Day]
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Copyright 2003 Edward Goodwin
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