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Massachusetts Senator Dianne Wilkerson said there is `something very, very fishy going on here. You don't do this if you have nothing to hide. My gut tells me it is so bad they don't want any of these documents to see the light of day.' A Massachuse...

to Texas have filed suit against the firm. Peter G. Leighton, who together with Israel resident Jeremy T. G. Posner, resigned as directors of Intelect Communications Systems Ltd. last week, has now filed suit against the company in the Bermuda Suprem...

energy business is being run through a new Zurich Insurance Co. branch, the Zurich Insurance Group said this week. The new agency will provide energy companies with access to large-scale capacity and multi-year commitments, including blended programm...

The Bermuda Foundation for Insurance Studies (BFIS) may reach its $7.5-million fund-raising target by the end of the year -- a mere eight months after the scheme's launch. And BFIS chairman and chairman of Johnson & Higgins (Bermuda) Ltd. Bryan Hall ...

Four years after joint liquidators began implementing a court-sanctioned scheme of arrangement for Mentor Insurance Ltd. (in liquidation), they have declared another five cents on the dollar in dividends to scheme creditors, representing a further di...

New legislation before the Senate, together with more staff for the Department of Telecommunications will make the process by which long distance carriers apply to the authorities to lower rates, less onerous, the Technology and Information Minister,...

Lawyers yesterday filed final briefs with a trial court judge in Superior Court in Massachusetts, who will decide if reinsurers can proceed with an application for judicial review of the state insurance regulator's decision to allow the redomesticati...

subscribers 15 percent savings on all overseas telephone calls. The MarketPlace was the first customer. Executive vice president Allan Doughty cut a symbolic ribbon. Bewildered mid-morning shoppers in Hamilton were pitched US-style marketing, as long...

budget are the near 1,199 percent increase in annual fees, and the near 548 percent increase in initial registration fees for class four insurers and reinsurers, scheduled to begin April 1. Fee increases will help pay for closer scrutiny of (re)insur...

posted a sixth consecutive year of improvement in its financial condition, as total assets rose 16 percent to $436.8 million and capital and surplus improved 19 percent to $386.8 million, both record levels. Net income declined 16 percent as a result...