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underwater cable link with the US mainland, company head Mike Kedar has been casting his negotiating lines out to secure the Island as a mid-Atlantic hub in the global telecommunications network. His plan is for TeleBermuda to make millions of dollar...

Jardine Lloyd Thompson Plc., the world's eight largest reinsurance broker, has moved closer to the Bermuda market. The London-based company has set up a specialised broking company in Bermuda to target financial risks cover. The move is a sign of the...

Standard's & Poor's (S&P) rating service has beefed up its reporting on the Bermuda insurance market in response to increasing overseas interest in companies here. S&P's new Bermuda Market Report outlines the effort of reinsurers and insurers based o...

Butterfield have formed a joint venture company to conduct their data processing. "The work that it will do for the banks will be of a non-strategic nature, purely backroom operations activity, and will in no way affect our competitive activity regar...

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 ...

The Bermuda National Trust wants a $250-million project slated for Morgan's Point delayed until developers complete proposed environmental studies. And in a further blow to the project, international conglomerate Belgium-based Tractebel SA is no long...

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...