the prospect of no insurance in 1996 unless they pay huge premiums.
Mr. Robert Virtue, president and CEO of the new, specialty Caribbean hotel insurer that was set up in Bermuda, CHA Insurance Company...
serious damage to international banks, a top banker has warned.
Dr. Andreas Prindl, chairman of Nomura Bank International Plc in London, the hub of the banking services for the Japanese-owned Nomura G...
Executives of Masters Ltd. and Pearman Watlington & Company Ltd. (PW's) met in New York this weekend with representatives of two major carmakers after the local firms struck a deal that alters the ret...
yesterday from investment guru Mr. Norman Rosenthal, the managing director and senior securities analyst at leading US investment firm Morgan Stanley.
And he prophesied that Bermuda's unique regulator...
Insurance companies are looking at more novel ways of spreading risk.
But the "securitisation of risk'' is described as a misnomer by new Centre Reinsurance Holdings Ltd. president, Mr. David Brown.
M...
The parent company of Terra Nova (Bermuda) Insurance Company Ltd. has added another $35 million of new capital to the Bermuda insurer, raising shareholders' equity to just over $110 million.
The addit...
its principal operating company, Commercial Risk Reinsurance Company Ltd., to more than $200 million before the end of the year. Commercial Risk Partners Ltd. President and CEO Mr. Graham C. Pewter sa...
Property catastrophe reinsurer, Bermuda-based Centre Cat Ltd., has advised its business partners that they expect losses of between $8 million and $12 million as a result of Hurricane Opal.
Centre Cat...
The Bermuda Stock Exchange (BSX) has increased the size of its Council to 11 from eight members and installed a new chairwoman, Ms Audette Exel, the managing director of the Bermuda Commercial Bank.
A...
Island's top supervisory and regulatory agency for financial institutions.
After more than 26 years in operation, the Bermuda Monetary Authority (BMA), the closest thing in Bermuda to a Central Bank, ...
