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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...

The Bermuda liquidators of Electric Mutual Liability Insurance Co. (EMLICO) yesterday rejected allegations that they gave advice to the company months before it moved to Bermuda and was put into liquidation. The allegations were made by EMLICO reinsu...

Bermudian joint liquidators for Electric Mutual Liability Insurance Co. Ltd. and the Massachusetts Division of Insurance (DOI) by calling it "another back room deal''. Although the Bermuda Class 3 insurer, its principal policyholder General Electric ...

Responsibility) guaranties continue to show member loyalty to the Shoreline programme, president Simon Scupham argued yesterday. Mr. Scupham said the statistics show that Shoreline accounts for 38.3 percent of the commercial guaranty market. He said,...

record levels of operating and financial performance for the year to December 31, 1996, together with a net income contributed by insurance operations of $39.7 million. Fuelled by a recent low loss experience, OIL's capital and surplus increased to a...

The Bermuda Employers Council (BEC) will be hosting a conference on redefining diversity at the Southampton Princess on April 2, when world authority Dr. R. Roosevelt Thomas Jr. will be the presenter. Dr. Thomas advocates that business leaders must b...

Mid Ocean Ltd. has posted net income of $52 million for the first quarter to January 31, a 10.1 percent decrease over the same period the year before. Earnings per share dropped from $1.57 to $1.43 for the comparative periods. Net operating income, e...

taken by The Shipowners Insurance and Guaranty Co. Ltd. (SIGCo) in the commercial Certificate of Financial Responsibility (COFR) market. SIGCo was incorporated to provide COFR guaranties to the US Coast Guard on behalf of ship owners, as required und...