Log In

In a move to give it more flexibility in the use of its capital, The Bank of Bermuda has arranged a $500 million credit facility in the US. Mellon Bank, Deutsche Morgan Grenfell, and J.P. Morgan are backing the loan facility -- a first for the bank -...

claims-paying ability rating on Terra Nova Insurance Co. Ltd. and Terra Nova (Bermuda) Insurance Co. Ltd. S&P also affirmed its triple-`B' senior debt rating on Terra Nova Insurance (UK) Holdings Plc's two existing debt issues and on the $100 million...

service customers. Renovations to the company's existing space at Gibbons Co. will be completed by July. Gibbons Deposit Co. senior vice president Sarah Farringtion said the company will double the number of tellers, add more Western Union counters, ...

UK could reduce the worlwide demand for property catastrophe reinsurance, Bermuda-based IPC Holdings, Ltd. states in its annual report to shareholders. About 82 percent of the company's written premiums in 1997 came from catastrophe excess-of-loss re...

Bermuda-based Centre Re (Bermuda) Ltd., now known as Centre Solutions, was ranked 21 our of 100 top reinsurers by 1996 net written premiums, according to Standard & Poor's. Centre Re had $879.7 million in written premiums for 1996. The next Bermuda c...

If you're an executive or board member of one of the many businesses in Bermuda who's only now coming around to dealing with the Year 2000 computer bug, then you've really got a problem. Ok, so you were asleep at the wheel. What to do now? Businesses...

As a sign of the burgeoning capital being accrued by insurers and reinsurers catastrophe losses in the US were estimated at $2.6 billion for 1997, the lowest since the $1.4 billion in losses in 1988, the Insurance Information Institute reported. Loss...

been upgraded to "A'' (Excellent) from "A-'' by ratings company A.M. Best Co. The higher rating makes it easier for the company to market itself to potential clients. "The rating reflects the group's excellent financial performance, liquidity and con...

cents per share, for the first quarter ended March 31, a gain of 32 percent over the same period last year. Operating earnings in the first quarter increased about 14 percent to $16 million. Gross written premiums were $338.2 million, a gain of 49 pe...

in an 18 month pilot programme to help five local companies implement better training for their employees. Minister of Labour, Home Affairs & Public Affairs Quinton Edness yesterday announced the introduction of the UK's Investors In People programme...