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formations according to an annual study by Tillinghast-Towers Perrin. The consultancy said captive growth worldwide continued an 18-year upward trend, with new captive formations exceeding liquidations by a wide margin. The trend indicates companies ...

submitted 84 reports to the Bermuda Police regarding 540 financial transactions staff suspected of having to do with money laundering. The Proceeds of Crime Act came into effect in January 19 last year in an attempt to crack down on money laundering ...

leadership in the Island's industry, and has named Brian Duperreault and the late Fred Reiss as the first recipients. Mr. Duperreault, chairman, president and chief executive officer of ACE Ltd., has been awarded the BII market leader of the year for...

in Bermuda to dupe overseas investors into parting with their money. The International Exchange Bank has a Bermuda-based telephone number and is run by Lewis Talbert according to Offshore Alert, a newsletter based in Miami, Florida. The newsletter is...

Development, Opportunity and Government Services Minister Terry Lister yesterday said the door is open for any contender to take over the development of the 250-acre Morgan's Point property. Mr. Lister said since Morgan's Harbour Investment Ltd. has ...

About 140 people turned out yesterday at the Hamilton Princess for an introduction to a series of workshops designed to hone their entrepreneurial skills and get their businesses on the right track. The event was held to launch Business Track 1999, a...

Bermuda-based RenaissanceRe Holdings Ltd. fourth quarter earnings. RenaissanceRe yesterday reported a net loss of $10 million a share in the fourth quarter ended December 31, after taking a $40.1 million charge for "adverse development'' at Nobel. Re...

The Bank of Bermuda Ltd. has appointed J.P. Morgan Investment Management to provide investment advisory services for its bond funds, in the process leaving three employees jobless. While a bank spokesman refused to divulge the names of the three, The...

Bermuda-based Global Crossing Ltd. yesterday reported that commitments for purchases of capacity on its fibre optic network totalled $1.052 billion at the end of 1998. The company reported revenue of $205.1 million, and net income of $56 million for ...

there was any space available during the time of her holiday in Bermuda. Only one, Mazarine By the Sea in Pembroke, sent a reply. My friend had got the e-mail addresses from the Department of Tourism brochure listing places and rates. This is a poor ...