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December 1, designed to make the Bermuda insurer more customer focused. XL parent, EXEL Ltd., said yesterday the changes would enhance the insurer's ability to provide solutions to customers' risk transfer needs. The new structure will have four dist...

(EMLICO) from the US to Bermuda, is herself facing a potential prison term for tax offences in the US. Massachusetts state Sen. Dianne Wilkerson, the chairwoman of the Massachusetts legislature's joint committee on insurance, has pleaded guilty to fe...

Bermuda-based Stockton Reinsurance Ltd. has declared record profits of $134,360,000 for the year to March 31, a near 527 percent increase over last year's $25.5 million. The income excludes a near $13.6 million for the minority interest, which brough...

Three French journalists are meeting this week with key players in the Island's financial, insurance and reinsurance industries as the Bermuda International Business Association continues a drive to raise Bermuda's profile in international markets. T...

investment management philosophy that has de-emphasised US equity markets. Mr. Lindsell is speaking this evening at a seminar on "Global Markets'' at the Bermuda Underwater Exploration Institute. GT funds are popular in Bermuda among intermediaries a...

under the Clean Air Act, and has told government to change its policy. The electricity provider has argued for more than a year that the licence period should be extended to five years. But it is unlikely that will happen soon, because the company st...

Trust (CST) that will cut administrative costs significantly, and reduce the number of payment defaults by Bermuda subscribers. This year there have been 20 to 25 cases where parents have failed to maintain regularity with payments. Senior vice presi...

Acting Finance Minister, John Barritt, yesterday remained cautious over allegations in a Massachusetts court that Bermuda insurance regulation was not as stringently controlled as it is in the US. It is the latest of such claims, this time in court s...

A strong capital base and conservative underwriting have won Bermuda-based reinsurer, Mid Ocean Reinsurance Ltd. an affirmation by rating agency Standard & Poor's of its double-'A' claims-paying ability rating and counterparty credit rating. The rati...

Carl H. Paiva will be the new head of Meyer Industries management team as of October 1, as the St. George's firm begins a period of anticipated growth. Mr. Paiva will retain his current position as vice president of marketing for sister company, Meye...