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Because the push is on to start building at the Morgan's Point site, Belgium-based Tractebel SA agreed to let another firm take over making out the cost estimates for the proposed $250-million development, the company said yesterday. "Right now we ar...

on which investors can hedge and invest in catastrophe insurance risk, broke ground yesterday with its first trades. Already the opening of the exchange has sparked interest in the US. A data company in the industry sees a secondary business in provi...

The Bermuda Commodities Exchange (BCOE), located at American International Group building on Richmond Rd., opens for trading today, hoping to break fresh ground in the trading of reinsurance options. About nine member representatives will be present ...

Exchange is setting up a new membership category. Under the new membership category companies would not have trading privileges but would be allowed to sponsor listings by mutual funds. The new category would open membership in the exchange to law fi...

Bermuda-based EXEL Ltd. has bought its way into the US market. The company announced yesterday it was purchasing all outstanding shares of Folksamerica General Insurance Co., which is based in the State of New York. The company is licenced as a prope...

Setting up an investment service offshore can be a risky and costly business as Alaska-based McKinley Capital Management found out when it decided to start up one in Bermuda. It took two years, 360,000 air miles of travel, a lot of money on lawyers, ...

It's a truism to say technology is breaking down international barriers. The Internet has allowed waves of entrepreneurs to set up a variety of businesses to market their wares across borders and legal barriers with impunity. And it's troubling legis...

Telephone Co. Ltd. is aggressively pursuing more customers. Today the company unrolls its new plan of action in the cellular sector. After cutting its telephone sales section at headquarters on Victoria Street this summer the company has signed up fi...

Dr. James King is the Bank of N.T. Butterfield and Son's new chairman of the board. He succeeds Sir David Gibbons who left the board in compliance with a bank rule requiring retirement at age 70. Sir David has been board chairman for the past 11 year...

Bermuda-based IPC Holdings, Ltd. reported profits for the third quarter ended September 30, 1997 of $25.5 million, or 96 cents per share, an increase of about 33 percent over the same period last year. Net income for the first nine months of the curr...