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previously recommended by the company's board. Trading in the company's shares was suspended on Friday after shareholders approved the reorganisation which creates a holding company called KeyTech Ltd. Operating entity BTC has become a subsidiary of ...

The Bank of N.T. Butterfield and Son Ltd. has shed another of its London subsidiaries, announcing yesterday it had reached an agreement with Talisman House Plc to sell stockbroking operation Seymore Pierce Butterfield Ltd. The price is not being reve...

The joint provisional liquidators of Bermuda-based Belvedere Insurance Co. have informed creditors they are considering a number of options in the run-off of the company's business, including a scheme of arrangement. In their first report on Belveder...

I'm still in Ireland, in the west, at the country's most bohemian city -- Galway, population 57,000. It's a university town and the place thrums with the excitement of people from all over Europe who come to hang out, come to study, come to take part...

Photocopiers have become so good they are a counterfeiter's dream. These are the photocopiers that cost between $20,000 to $50,000 a machine. The Xerox and Cannon high resolution colour photocopiers are so good that a chip has been placed inside them...

Hit in the fourth quarter by losses from Hurricane Georges, Bermuda-based catastrophe reinsurer LaSalle Re Holdings declared income of $65.2 million for the year ended September 30, a 46 percent drop from 1997 results. The $65.2 million is before min...

(BCOE) to turn insurance risk into a tradable investment. So why isn't everybody rushing to use the electronic exchange to commoditise catastrophe risk? BCOE president Thomas Heise said while the ideal conditions were in place for trading risk -- lo...

Firing its chief financial officer after 22 years of employment has cost Tobacco Associates Ltd. $300,000. The company has been ordered by the Supreme Court to pay the money as severance and other reimbursements to former chief financial officer Denn...

Boosted by a 67 percent increase in fee revenue from its programme business, Bermuda-based Mutual Risk Management made a profit of $16.19 million for the third quarter ended September 30, a 24 percent gain over third quarter 1997. For the nine month ...

Bermuda-based Annuity and Life Re (Holdings) Ltd. had net income of $6.66 million, or 25 cents per common share, for the quarter ended September 30. For the first six months of the company's operation Annuity had net income of $10.24 million, or 42 c...