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Technology is ahead of the law. That's nothing new. Laws arise out of disputes and criminal actions created when people use new technologies. The computer age has created its own set of disputes and criminals. Now Bermuda is playing catch up by forgi...

of money overseas and those accumulated investments are earning the Island increasing amounts of foreign exchange, according to the latest Bermuda Monetary Authority annual report. Bermuda's current account surplus was $125 million in 1996, a drop of...

Monetary Authority (BMA) from buying 40 percent of local jeweller Astwood-Dickinson Co. The BMA turned down the Bahamas-based jewellery chain's application to be exempted from foreign exchange controls. The exemption would have allowed Colombian Emer...

TeleBermuda International Ltd. will begin laying its $50 million fibre optic telecommunications cable between the Island and New Jersey as early as this Saturday, the company said yesterday. The company, which competes with Cable & Wireless for long-...

Bermuda's Court of Appeal yesterday granted reinsurer Kemper Re's application to go to the Privy Council, the latest round in the legal battle involving the move from Massachusetts to Bermuda by the insolvent Electric Mutual Liability Insurance Co. (...

Steve Cullimore, President of CCS Group Ltd., sits amid the stacks of boxes and paper, the organised confusion of a company attempting to fit itself into new office space. His office is dimly illuminated by a couple of side table lamps because he doe...

Financial Holdings Ltd. will acquire Sphere Drake Holdings Ltd. Sphere Drake, through its companies in London and Bermuda, provides traditional and alternative reinsurance and specialty insurance protection, mainly to US-based clients. Fairfax has co...

$11.7 million in the year ended March 31 from the $7.4 million recorded in the previous financial year. The company made a profit of about $12.2 million in the 1995 fiscal year. The decline in the 1996 fiscal year was mainly attributed to the $4.7 mi...

The Co-Op Supermarket, which is attempting to pull itself out of debt, has formed a cheque cashing facility as part of the latest roll out of services it's offering to customers. The supermarket will process any third-party cheque up to a maximum of ...

Act will classify collective investment schemes into three groups and allow them to be marketed locally in Bermuda. The two pieces of legislation, which were tabled in the House of Assembly last week, are also a step toward moving the supervision of ...