net income available to common shareholders for the year to September 30 of $97,668,000 ($5.14 per share), a near 20 percent improvement over $81.5 million ($5.40 per share) the year before.
Total net...
A recent US Tax Court ruling has strengthened the validity of captive insurance arrangements, tax specialists with Ernst & Young Bermuda have reported in a tax alert to clients.
The Tax Court ruled in...
of 14 collective investment schemes sponsored by a Mutual Risk Management Ltd.
(MRM) company, has been approved by the listing committee.
MRM is offering income and accumulation units to qualified inv...
Latin American Reinsurance Co. Ltd. (LARe) the latest Bermuda-based Class 3 reinsurer, began operating on Monday and executives were already this week on a marketing trip in Mexico City, attending FID...
The Bank of Butterfield yesterday welcomed positive ratings of the Bermuda banking environment, as issued by Moody's Investors Services.
Moody's said that Bermuda's three banks benefit from the sound ...
30, than for the entire financial year to June 30, 1997.
The record first quarter profit of $10.7 million was a dramatic increase of 157.7 percent over the first three months of the last financial yea...
The Bank of Bermuda has recorded record first quarter earnings of $14.2 million for the three months to September 30 -- some 77 percent higher than for the same period last year.
The record numbers co...
Nearing the end of his first year as IBF chairman, managing partner of Ernst & Young, Jan Spiering, is intent on bringing more planning to Bermuda's business and socio-economic development.
The IBF ha...
Bermuda-based Sphere Drake Holdings Ltd. has reported a loss for the third quarter to September 30.
But the company remained upbeat about the future, particularly with significantly increased business...
increase in gross written premiums for the third quarter to September 30, when compared to the same period last year.
But the soft and competitive insurance market, more evident in the first half of t...
