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September 30 of $461.4 million ($8.02 per share), a 59.3 percent increase over the net income declared for the 1996 year. It came as fourth quarter business yielded $127.6 million in net income, compared with $86.9 million in the fourth quarter of la...

Holdings Ltd. jumped 31.6 percent to $19 million, moving profit for the first nine months to September 30 up by 8.3 percent to $53.7 million. Third quarter net income per share climbed from 55 cents in 1996 to $74 cents in 1997. But for the nine mont...

The expanded team of Zurich Global Energy Ltd. was presented to the Bermuda insurance market last night during a reception at the Bermuda Underwater Exploration Institute. They were led by president, Robert C. Golden, who stated: "This event is an ex...

Four and a half years after the World Trade Center (WTC) terrorist bombing in New York, loss adjuster Edward Reilly has signed off on a $255-million settlement. Mr. Reilly was involved solely in insurance claims that got the Port Authority building u...

path in their bid to take substantial stakes in two new telecommunications companies. And when asked if Government would oppose Cable & Wireless' proposed acquisition of a reported 27 percent stake in Bermuda Digital Communications Ltd. and 30 to 35 ...

net income available to common shareholders for the year to September 30 of $97,668,000 ($5.14 per share), a near 20 percent improvement over $81.5 million ($5.40 per share) the year before. Total net income was $121.5 million before the removal of $...

of 14 collective investment schemes sponsored by a Mutual Risk Management Ltd. (MRM) company, has been approved by the listing committee. MRM is offering income and accumulation units to qualified investors with a minimum investment of $100,000, in s...

Latin American Reinsurance Co. Ltd. (LARe) the latest Bermuda-based Class 3 reinsurer, began operating on Monday and executives were already this week on a marketing trip in Mexico City, attending FIDES, the 26th Hemispheric Insurance Conference. The...

The Bank of Butterfield yesterday welcomed positive ratings of the Bermuda banking environment, as issued by Moody's Investors Services. Moody's said that Bermuda's three banks benefit from the sound banking environment in Bermuda, which carries Aa1 ...

30, than for the entire financial year to June 30, 1997. The record first quarter profit of $10.7 million was a dramatic increase of 157.7 percent over the first three months of the last financial year, when re-stated net income amounted to $4.2 mill...