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company, with ownership calculated on cumulative premiums paid over time. The company was formed in 1986 as an industry-owned insurance company designed to service the needs of the petroleum industry. At a meeting last week the company's shareholders...

Remember the movie `The Lawnmower Man'? Not a lot of people like the movie, but I do. It's a weird throwing together of two short stories by sci-fi writer Arthur C. Clark and Stephen King. Mr. Clark had a vision of a world that slowly gets taken ove...

economic and financial platform based on the party's past record, and on portraying the opposition PLP as posing an untenable risk to the continued growth of Bermuda's economy. Using that two pronged attack -- employed by incumbents the world over an...

New Bermuda-based reinsurer GCA Ltd. intends to base three to four top executives in Bermuda. The company, which filed an initial public offering document with the Securities and Exchange Commission in September, plans on beginning operations with an...

Wholesaler Pitt & Co. Ltd. has taken over the tobacco and cigarette division ot Tobacco Associates Ltd. giving the company a monopoly in the market. Pitt & Co. general manager Ken Hockenhull said the worldwide market for cigarette products had declin...

extract $2 million in payments owed to the company by a Florida-based purchaser of a subsidiary. The court battle could potentially delay Millennium's decision to cease operations and distribute its assets to shareholders. Millennium trades on the Be...

The attempt by CCS Group Ltd. to use Bermuda as an offshore centre for Internet transactions has come under the spotlight in a Canadian business magazine. The magazine noted Revenue Canada is concerned that companies like CCS subsidiary First Atlanti...

The lights won't go out in Bermuda on New Year's Day 2000. At least that's what the Bermuda Electric Light Co. Ltd. (Belco) is hoping as it puts its plant through a rigorous Year 2000 compliance programme. Last week I said I'd eat crow if Cable & Wir...

Ltd.'s corporate trust business. "Due to the volatility in major markets worldwide, assets under custody have recently experienced a downturn and, in addition, new fund launches have slowed,'' bank chairman Eldon Trimingham and president and chief ex...

multi-million dollar suit against the Bank of Bermuda, was spared eviction from his Smith's Parish home yesterday. In last minute negotiations Bermuda Home agreed to wait another three weeks before evicting Mr. Robinson, his wife and two children fro...