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Housing completions continue to fall, but realtor and mortgage lender, Bermuda Home, provided record financing of $72.9 million (up $13.4 million) for mortgages and further charges to 421 customers for the year to March 31. It represents an increase ...

of Delaware is imminent, after receiving regulatory approval. But the company will maintain a branch in Bermuda with a Class Four licence, and will operate as a foreign permit company. A top executive said much of the operations that are currently in...

Cayman Islands holding company Stockton Holdings Ltd., the parent to Bermuda-based Stockton Reinsurance Ltd., has completed a private placement of some $173,500,000. About two thirds of it represents new primary capital for Stockton Re and one third ...

The combined capital and surplus of Bermuda's Class Four insurers and reinsurers grew last year by a significant six percent to $9.4 billion. But in the prolonged period of a soft market, gross premiums written by the group decreased a modest three p...

for baked goods in the Washington Mall on Church Street. BAS CEO Eugene Bean said yesterday that the previously announced plan to give Crow Lane Bakery products a mid-town presence has already met targeted projections during the first week. The Crow ...

first part of the The Bermuda Scholars Programme '98, a week-long, intensive three credit course on Global Insurance and Risk Management. College of Insurance professor, Dr. Charles Edinger, introduced students to the important issues involved in man...

Increased revenue from new subsidiaries has improved Bermuda Press (Holdings) Ltd.'s six month net income to March 31 to $1,078,218 -- a more than 63 percent increase over the same period in 1997. Earnings per share for the period jumped from 46 cent...

to February 28, after the company put heavy emphasis on research, development and patenting of new processes for the production of acetylene and related products during the last two years. The $6.1-million loss (26.3 cents a share) came on revenues o...

The top insurance regulator in the state of Massachusetts can be expected to petition the Bermuda Supreme Court in an effort to take control of controversial insurer, Electric Mutual Liability Insurance Co. (EMLICO). Her representatives are soon expe...

ACE Insurance Co. Ltd. has increased gross capacity on any single satellite risk, a Bermuda Insurance Institute seminar heard yesterday from Jeff Cassidy senior vice president, satellite underwriting/aerospace division. Mr. Cassidy said that limits h...