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successes to December 31, 1997 even though it lost millions in premium from a labour strike that hit its core customer. OPL joined a list of Bermuda market companies who prevailed in the intensely competitive reinsurance market during a year when the...

lines as a result of a collaboration agreement they have signed with Merrill Lynch Asset Management (MLAM). BCB will provide direct distribution of MLAM offshore mutual funds, feed deposits directly into MLAM's Dollar Asset Portfolio and offer client...

Standard & Poor's (S&P) forecast that growth will be constrained for Bermuda-domiciled Inter-Ocean Reinsurance Co. Ltd. in 1998, due to the continuing soft traditional reinsurance market and the re-emergence of Lloyd's. But through increased capacity...

Bermuda officials this week rejected an assertion of the Massachusetts insurance regulator, Linda Ruthardt, that a recent Bermuda Supreme Court ruling was not final and binding. They were issuing a point of clarification as EMLICO's reinsurers weighe...

Bermuda captured 20 percent of the new captive insurers formed last year, a new report has said. The latest figures were published in the 1998 Captive Insurance Co. Directory by Tillinghast-Towers Perrin, listing 3,966 captive insurers worldwide, inc...

most important topic facing organisations over the next two years. The bank has now allocated the $3-million budgeted cost for the financial year 1997/98 to complete projects aimed at compliance. Further funding for the following year is to be identi...

Electric Mutual Liability Insurance Co., Ltd. (EMLICO) is only provisional, and neither the order, nor a letter of request from the Chief Justice, supports the delay of proceedings in a US court, lawyers for Massachusetts commissioner of insurance, L...

Princess Hotel that will provide for the US tax professional an in-depth consideration of federal income tax issues, as it relates to offshore insurance. Sponsored by the prestigious Hartford Institute on Insurance Taxation, The Thirteenth Offshore I...

by General Electric Co., was never authorised to leave the state, and in fact never ceased to be a Massachusetts company, Linda Ruthardt had petitioned the court to appoint her receiver of the company. The petition also requested an injunction barrin...

Massachusetts over the EMLICO (Electric Mutual Liability Insurance Co.) controversy was underscored by developments this week. Letters were simultaneously being fired off across the Atlantic on Monday, one from the Bermuda Court to a US district cour...