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The Bermuda Stock Exchange has become more attractive to hedge funds due to a National Association of Securities Dealers, Inc. (NASD) amendment to its rules. When the amendment comes into effect August 17, a BSX listing will make it easier for hedge ...

Minister E.T. (Bob) Richards, will retire from her position as chief financial officer of Aon Group (Bermuda) Ltd. January 1. A previous report in The Royal Gazette quoted unnamed "insiders'' as stating Mrs. Richards was considering running as a UBP ...

Bermuda insurance market. The Bermuda Insurance Index Fund was launched yesterday with the aim of tracking the Bermuda Insurance Index set up on July 15 by the Bermuda Stock Exchange and London's FTSE International. The index is based on the stock ma...

Bermuda Monetary Authority general manager Malcolm Williams suggested that this column should regularly update investors about how local companies are dealing with the Year 2000 problem. Keep a running list about expected compliance deadlines for com...

$18.3 million for the second quarter ended June 30, a gain of 18.3 percent over the same period last year. For the first half of the company's financial year, net operating earnings were $34.1 million, or $1.31 per diluted share, up 16 percent from $...

and counterparty credit ratings to PartnerRe US, the new subsidiary of Bermuda-based PartnerRe Ltd. PartnerRe acquired the US subsidiary through the purchase last year of Paris-based SAFR. With the acquisition of SAFR Partner Re expanded its client b...

The good times may be over for insurers and reinsurers if the second quarter of this year is any indication. Record US catastrophe losses in the three months to June 30 are eating into the industry's profits. Bermuda-based LaSalle Re Holdings Ltd. is...

share, for the quarter ended June 30, about $3.3 million less than for the same period last year. For the first six months of the financial year the company made a profit of $50.9 million, about $2.1 million less than the same period 1997. IPC presid...

The export of encryption software programs remains an issue in the United States. The US Government has banned the importation of such programs overseas unless the companies first provide government with a "key'' to decode the encryption. The FBI and...

Mid Ocean Ltd. shareholders who want cash instead of shares in EXEL Ltd. will receive $81.23125 for each new share they would have been entitled to receive. EXEL announced earlier this year it had agreed to pay $2.1 billion in stock for the 73 percen...