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together to rebuild tourism. In his quarterly letter to BELCO Holdings Ltd. shareholders, president and CEO Garry Madeiros, urged Bermudians to "take advantage of the clean slate the new year offers to dedicate ourselves to improving Bermuda any way ...

Tourism will get an added boost from the international insurance industry in the year ahead, with increased interest from insurance and reinsurance groups in having conferences in Bermuda. Led by the Reinsurance Association of America (RAA), at least...

management, and a fresh role for a Bermudian executive. Senior vice president, excess liability, Larry Lombardo, has been promoted to executive vice president with overall responsibility for underwriting operations. Mr. Lombardo, the president of the...

first six months by 1.7 percent to $1,610,994 for Devonshire Industries Ltd., unaudited figures show. The company declared an interim dividend of 45 cents per share for shareholders of record November 25, an increase of 28.6 percent over the interim ...

The liquidators of Bermuda-based Mentor Insurance Ltd. have scored a victory in London's Privy Council. The Council's decision against Ambassador Insurance Company came as Mentor prepared yet another dividend to creditors. The highest court has deliv...

financial services division has kept Zurich International (Bermuda) Ltd. on CreditWatch with Standard & Poor's (S&P) for two months. S&P's double-`A' claims paying ability and counterparty credit ratings on the Bermuda company, a Zurich subsidiary, h...

bundled service packaging, as officials indicated the company will provide a less expensive service than is provided in North America. The company has also just improved service by expanding the cellular service coverage. A new cell site was recently...

protectionism by bringing joining fees for local trading members in line with those for exempted companies. And while it will mean a substantial increase in fees, local companies have a remaining window of opportunity for the lower rate through the e...

An influential Bermudian insurance figure has been named as a defendant in a lawsuit that centres around the $1.8-billion sale of Johnson & Higgins (J&H) to rival broker and captive manager Marsh & McLennan Cos. Inc. (MMC), earlier this year. Chairma...

Gazette and Mid Ocean News , improved 73 percent to $1,629,281 or $1.12 per share for the year to September 30. But President and director Roger Davidson said it remains short of a satisfactory return on shareholders' equity. He said revenue of $20,2...