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underwriting branch in London. The move is the latest modification to the company structure since AIG took control at the start of the year and follows the recent re-naming of Dublin subsidiary, Starr Excess Liability Insurance International. In Berm...

The Supreme Court has ordered oil company Esso Bermuda to compensate Alan Doughty Jr. for wrongfully dismissing him at the end of 1997. And in his ruling Chief Justice Austin Ward has pointed out that Bermuda law does not require redundancy pay of em...

across the European Union. The European Economic and Monetary Union (EMU) comes into effect early in 1999, and LOM is positioning itself for the expected dramatic expansion of investment opportunities. The company marked the opening of its second ove...

A California pharmaceutical developer will seek to have its legal domicile moved from Delaware to Bermuda to take advantage of a better tax climate for future earnings. The company, XOMA Corp., said yesterday that its board of directors agreed to the...

Bermuda-registered American Safety Insurance Group, Ltd.'s third quarter net earnings soared 144 percent to nearly $1.6 million from $655,769 for the same quarter in 1997. And profit for the first nine months to September 30 has jumped 89 percent fro...

Hit by volatility in investment markets and a reduction in written premiums, net income for the first half of the fiscal year for Bermuda-based Stockton Reinsurance Ltd. fell nearly 28 percent to $46.6 million compared to $64.3 million for the same p...

recruited and will be in place soon to handle the increasingly complex litigation occasioned by the Island's international business community. Michael (Micky) Smith, president of the Bermuda Chamber of Commerce has disclosed that Government House has...

Bermuda Home has declared net income of $4,840,559 for the six months to September 30. That represented a 2.6 percent improvement over the $4.7 million reported in the same period last year, after the company actually trimmed costs by just over two p...

Department stores were victims this September of a trend towards lower retail sales, recording a marginal drop when compared to the same month a year ago. But new Government figures show that stores that cater to tourists experienced significant decl...

office long before a diverse Bermuda market emerged, has warned the market can only succeed if it embraces a rapidly changing world. Retiring Insurance Advisory Committee chairman Brian R. Hall observed yesterday during the Bermuda Insurance Institut...