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delivered a second quarter net income increase of 23 percent, to $62.9 million or $1.65 per share. It pushed its half year net income figures up to $114.9 million ($3.09 per share), from the $108.8 million ($2.95 per share) recorded for the six month...

Bermuda-based Mutual Risk Management has been lured by the growing market for offshore variable annuity and variable life insurance products, and has planned a series of initiatives to expand its financial services business. They include the formatio...

redundancies as a result of restructuring that began with the merger with Alexander & Alexander (A&A). The new structure of the Bermuda Aon affiliate is beginning to take shape, nearly five months after its parent, Aon Corp., spent a projected $1.23 ...

commissioner of insurance to, "if legally possible, bring EMLICO back to Massachusetts.'' The preliminary report from the state House of Representatives Post Audit & Oversight Bureau, also states that claims of fraud against Electric Mutual Liabilit...

The Massachusetts commissioner of insurance has been asked by the Supreme Judicial Court for documented proof that Bermuda-domiciled Electric Mutual Liability Insurance Co. (EMLICO) was still under the jurisdiction of the court, after EMLICO moved to...

A diversity deadline is looming this weekend for companies listed on the Bermuda Stock Exchange (BSX), which were required to have had 15 percent of their securities in the hands of the public by May 31. And the BSX believes that local companies list...

Duperreault has told shareholders by letter that the benefits of the company's diversification were evident in the 1997 second quarter results. He declared: "In an extremely competitive market, we're stronger today than ever before.'' Mr. Duperreaul...

is set to retire. Executive vice president and chief financial officer, Brian G. Walford will leave the company at the end of the year. No successor has yet been appointed. Since December 1994, Mr. Walford, 43, has been at the office of the chief exe...

people signed up before it was even advertised! The sold-out session will focus on residual value insurance (RVI) and is being presented by Tony Forster, CEO of Britannia International Group and senior vice president, underwriting for R.V.I. Guarant...

A new group is interested in constructing a global submarine fibre optic cable that would provide an alternative telecommunications link to Bermuda. Neptune Communications, L.L.C. has just been formed as a privately-held, Delaware-based, submarine ca...