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officer, Sarath Wikramanayake has resigned. The Sri Lankan-born chartered accountant has been with the bank for 17 years and finishes up at the end of the month. He said yesterday, "I'm just carrying out my plan to return home eventually. I've decide...

International, Inc. and AGC Life Insurance Co. Templeton American General Life of Bermuda, Ltd. plans to develop, sell and administer private placement variable life insurance products especially tailored for high net worth individuals, worldwide. Te...

The total value of retail sales increased a strong 13.3 percent in April over the same month in 1997, with gross turn-over estimated at $46.3 million. The statistics department of the Ministry of Finance said yesterday that after adjustment for infla...

will be at the forefront of ongoing initiatives to converge the capital markets with the insurance and reinsurance markets. They are spending the coming weeks establishing office space and putting together a staff of eight to ten people, president Mi...

The committee decision that stalled the Bank of Bermuda's bid to win Parliamentary approval for a waiver of the 60/40 ownership rule showed a lack of understanding by Bermuda's politicians. The charge was levelled last night by investment businessman...

its downward spiral yesterday, plunging nearly 78 points as it lost nearly five percent of its value on $1 million worth of trading. The substantial drop may be the largest one-day drop on the Exchange, but BSX officials late yesterday were unable to...

second quarter to May 31, compared to $211.6 million for the same period last year. It brought net income for the first half of the year to $326 million, up from $319.7 million for the first half of the fiscal year 1997. Net income included realised ...

year to sell 40 percent of the jewellery business to Caribbean jewellery conglomerate Colombian Emeralds International (CEI) -- was never consummated. Mr. Dickinson disclosed for the first time yesterday that the deal was blocked by the Bermuda Monet...

drafted legislation that could be tabled as early as Friday -- but which won't be considered by legislators until the next session of Parliament. But the proposed new measures will not amount to a dismantling of the protectionist legislation, current...

A major beneficial shareholder in Bermuda jewellery retailer, Astwood-Dickinson Co., is being sued by one of the largest jewellery distributors in the Caribbean. Named in the action is Stephen G.E. Crane, the CEO and major shareholder of US Virgin Is...