(EMLICO) in Bermuda, against the wishes of angry reinsurers who believe EMLICO's redomestication from Massachusetts should be reversed.
The reinsurers reacted to the news last night by saying yesterda...
Electric Mutual Liability Insurance Company (EMLICO) over their controversial move from Massachusetts to Bermuda, has settled with EMLICO's liquidators and General Electric Co. (GE), EMLICO's principa...
operations by closing some of its smaller outlets, without the loss of jobs.
Closures include shops at the Princess Hotel, Elbow Beach Hotel, Marriott's Castle Harbour Resort and Crystal Caves.
Presid...
premiums for the year to December 31, driving profit up 41.7 percent to $64.9 million or $2.70 a share.
The company's fourth quarter net income jumped 46.9 percent to $15.3 million, with after tax ope...
bypassing local shops and the need to travel overseas.
An increasing proportion of the goods are being imported via courier instead of air freight, courier companies and Customs officials say.
And tha...
Technology company, BSL Holdings Ltd., has changed its name to Millennium International and sold its stake in the US-based Attitude Network Ltd. to a Florida investment company for $3,972,260.
That is...
Opposing sides in the ongoing dispute over Electric Mutual Liability Insurance Co. (EMLICO) are at odds over the meaning of last week's Supreme Court ruling over costs.
Puisne Judge Richard Ground rul...
reinsurer which alleged fraud against General Electric Co. (GE) and their insurer, Bermuda-based Electric Mutual Liability Insurance Co. (EMLICO), must pay legal costs for GE and EMLICO.
That is the l...
worst disaster -- but diversification into other types of insurance underwriting has a ratings agency worried.
Standard & Poor's (S&P) Bermuda Catastrophe Reinsurance Market Report released this month...
formed a new, dedicated vehicle in Bermuda, designed to meet the specialist insurance needs of the global mining industry.
And newly-formed Bermuda-domiciled Strategic Risk Management Group (SRM), wil...
