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A county court judge in Massachusetts has ruled that the EMLICO dispute is so controversial, and potential claims are so large, that the full Massachusetts Supreme Judicial Court should preside over a side issue that he was asked to consider. The dis...

Buttress Bermuda Fund expects to have better news for shareholders for the year to June 30. The net asset value per share of the long languishing fund has spent considerably more time since its March 1994 launch, below the initial $10 price than abov...

third successive year, as total income rose to $51,231,000, more than 12 percent higher than the year ending March 1996. Net income climbed 1 2.8 percent to $10,457,00 ($2.03 per share) for the year to March 31, when compared to the year before. The ...

has again warned that property catastrophe reinsurers, lured by strong results, are returning to the market with careless underwriting. In his remarks to shareholders in the company's annual report, he said that the significant expansion into a down ...

investors behind the formation of Bermuda's first AAA (Triple-A) rated financial guaranty insurance company. ACE has taken a near 11 percent stake in holding company, CGA Group Ltd. based at Craig Appin House on Wesley Street, Hamilton, which has rai...

The Bermuda Broadcasting Co. Ltd. has declared a modest net income of $92,696 for the fiscal year to December 31 -- the first time the company declared a profit in four years. The company recorded income of 14 cents per share for the year, an improve...

In an age of concern about the rising cost of health care, architects have sketched out an opportunity to improve insured services and contain insurance costs for all employees across their industry. And a year-long process led to the single, industr...

Bermuda's insurance regulators have told their Massachusetts counterparts that only an Act of the Bermuda Parliament can return insolvent Electric Mutual Liability Insurance Co. (EMLICO) to Massachusetts. This was revealed by Massachusetts Commission...

the creation of Swiss Re New Markets as of July 1, dedicated to the fast-growing alternative risk transfer (ART) marketplace, which includes Swiss Re's operations in Bermuda. Swiss Re New Markets is to operate out of the new building, Mintflower Plac...

The Court of Appeal has ruled it has no jurisdiction to entertain an appeal by reinsurer Kemper Re in the latest legal battle involving the controversy surrounding the move from Massachusetts to Bermuda by Electric Mutual Liability Insurance Co.. Kem...