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first six months by 1.7 percent to $1,610,994 for Devonshire Industries Ltd., unaudited figures show. The company declared an interim dividend of 45 cents per share for shareholders of record November 25, an increase of 28.6 percent over the interim ...

The liquidators of Bermuda-based Mentor Insurance Ltd. have scored a victory in London's Privy Council. The Council's decision against Ambassador Insurance Company came as Mentor prepared yet another dividend to creditors. The highest court has deliv...

financial services division has kept Zurich International (Bermuda) Ltd. on CreditWatch with Standard & Poor's (S&P) for two months. S&P's double-`A' claims paying ability and counterparty credit ratings on the Bermuda company, a Zurich subsidiary, h...

bundled service packaging, as officials indicated the company will provide a less expensive service than is provided in North America. The company has also just improved service by expanding the cellular service coverage. A new cell site was recently...

protectionism by bringing joining fees for local trading members in line with those for exempted companies. And while it will mean a substantial increase in fees, local companies have a remaining window of opportunity for the lower rate through the e...

An influential Bermudian insurance figure has been named as a defendant in a lawsuit that centres around the $1.8-billion sale of Johnson & Higgins (J&H) to rival broker and captive manager Marsh & McLennan Cos. Inc. (MMC), earlier this year. Chairma...

Gazette and Mid Ocean News , improved 73 percent to $1,629,281 or $1.12 per share for the year to September 30. But President and director Roger Davidson said it remains short of a satisfactory return on shareholders' equity. He said revenue of $20,2...

A controversial experiment to provide Caribbean Hotel Association (CHA) member properties with less volatile rates for catastrophe cover has failed. Bermuda-based CHA Insurance Co. Ltd. (CHAIC) said yesterday it had thrown in the towel because Caribb...

ACE Ltd. aims to increase its share of capacity on its managed syndicates to more than 50 percent in the short term and not by 50 percent as was reported in Monday's Business section. Bermuda-based insurer, ACE Ltd., has substantially increased the c...

Bermuda-based reinsurer, Mid Ocean Ltd., has declared net income of $245 million for the year to October 31, a 16 percent increase over the year before. The results were announced amid stated concern from the company's chief executive that some compa...