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what Bermuda executives have been speculating about for some time -- a new acquisition target. It is believed that the burgeoning Bermuda insurer, as early as today, could announce they have bought their second Bermuda `cat' reinsurer, CAT Ltd., or, ...

opportunity to study the legislative result of the decision announced in the UK Chancellor of the Exchequer's new budget which would retrospectively tax offshore trusts that had previously escaped taxation. The Chancellor has announced the planned re...

Bermuda is a well-wired "information Island'', the world's premier offshore financial centre and user-friendly in terms of regulation, leading mutual fund officials were told yesterday at a Bermuda-sponsored breakfast meeting in Florida. About 120 at...

Bermudians seeking an opportunity in insurance study received a boost from a $100,000 gift from a company that is not even domiciled here and is not even an insurer. The Bermuda Foundation for Insurance Studies (BFIS) received the major donation from...

The insurance and reinsurance operations at Hurst Holme on Trott Road in Hamilton, long known as Sphere Drake Underwriting Management (Bermuda) Ltd. (SDUMBL) officially began trading as Odyssey Re Bermuda yesterday. SDUMBL was Sphere Drake Ltd.'s Ber...

A Bermuda-based investment management organisation, CASE International Ltd., has been hired to manage two new equity mutual funds that will be offered through financial advisors across Canada. The yrgentum International Fund and yrgentum North Americ...

Bermuda-registered Sea Containers has signed the main agreement with a General Electric Co. (GE) unit for a new joint venture that will operate existing marine container fleets and become one of the world's largest container leasing operations. The d...

Bermuda liquidators of EMLICO (Electric Mutual Liability Insurance Co.) have told a federal judge in Massachusetts that they worked for EMLICO and its founder, General Electric Company, prior to being selected liquidators of EMLICO. EMLICO reinsurer ...

Bermuda-based Oil Casualty Insurance, Ltd. (OCIL) has declared net income of $62.1 million, and marked a seventh consecutive year of financial improvement. Total assets rose 13 percent to $521.6 million and total shareholders' equity (capital & surpl...

Bankers, insurers and captive managers are among the dozen in the Bermuda contingent attending the 1998 International Alternative Insurance Symposium at Indian Wells in California this week. The conference, which began yesterday with some 500 people ...