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second quarter to May 31, compared to $211.6 million for the same period last year. It brought net income for the first half of the year to $326 million, up from $319.7 million for the first half of the fiscal year 1997. Net income included realised ...

year to sell 40 percent of the jewellery business to Caribbean jewellery conglomerate Colombian Emeralds International (CEI) -- was never consummated. Mr. Dickinson disclosed for the first time yesterday that the deal was blocked by the Bermuda Monet...

drafted legislation that could be tabled as early as Friday -- but which won't be considered by legislators until the next session of Parliament. But the proposed new measures will not amount to a dismantling of the protectionist legislation, current...

A major beneficial shareholder in Bermuda jewellery retailer, Astwood-Dickinson Co., is being sued by one of the largest jewellery distributors in the Caribbean. Named in the action is Stephen G.E. Crane, the CEO and major shareholder of US Virgin Is...

shareholder approval at a special general meeting to cease operations and begin the process of distributing the real value of the company's stock to shareholders. Management said yesterday that the bulk of the distribution would occur within 12 month...

ACE UK subsidiary, ACE Underwriting Services (AUS), established at the beginning of the year, will initially market products underwritten by Syndicate 219, but is expected to eventually work on behalf of all ACE London operations. AUS was designed to...

Bermuda is well-positioned as a laboratory for innovative solutions in risk transfer, insurance brokers in the Western United States were told this week. The brokers, attending a conference in Phoenix, Arizona, were surprised at the wide range of ins...

Research Ltd. (SURL), for an undisclosed amount. Moody's is a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets. Founded in 1900, the oldest rating agency rates the Bermud...

A review of merger activities of Bermuda-based insurers, ACE and EXEL, has concluded that ACE is likely to be under greater pressure to find another suitable take-over target. And a leading insurance analyst forecasts 12 to 14 percent improvements in...

Bermuda has an opportunity to attract more European captive business at The 2nd Gibraltar Conference on Offshore Insurance this November, with at least two Bermuda insurance executives participating in panel debates. Captive owners and managers, risk...