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Liquidators for failed Bermuda-based reinsurer Stockholm Re (Bermuda) Ltd. (SRB), reported to brokers, policyholders and potential creditors that almost $5 million was collected from reinsurers to March 1996. SRB and their ultimate parent have a conf...

blocking the merger of two international fruit companies. Defunct financial services company Eastbrook Inc. and its dormant parent, Eastbrook Ltd., were named in a suit filed on Thursday by Fresh Del Monte Produce NV and Grupo Empresarial Agricola Me...

Company Limited (EMLICO) meet for the first time next week at Coopers & Lybrand on Church Street. The company was ordered wound up last month by Puisne Judge Richard Ground after a failed bid to halt the proceedings by reinsurers, who alleged deceit,...

The investment division of the Bank of Bermuda Ltd. is establishing a million dollar, global computer system to prepare for the 21st century. In a process that began almost a year ago -- and won't be completed until June of next year -- the bank will...

Island. One left the helm of a special purpose insurer set up to provide catastrophe cover for member properties of the Caribbean Hotel Association. Inside sources said his departure may reap dividends for Bermuda in the long run, if ongoing talks wi...

Recent volatility in major equity markets should be seen against the backdrop of a very strong run which has made an average investment increase its value six times over since 1980, according to an equities analyst. But Baring Asset Management US equ...

The authorities want to hear more before considering allowing non-Bermudians easier access to the purchase of Bermuda homes, Finance Minister Grant Gibbons said yesterday. The Minister was responding to Bermuda Home chairman Donald Lines who again cr...

operator Stevedoring Services led to a near 27 percent decline in annual profits this year. The Company, which handles all cargo on Hamilton Docks, saw net income fall $189,109 to $514,837. The president's report details that revenue rose $427,127 or...

TeleBermuda International Ltd. -- which plans to compete with Cable & Wireless' international telecommunication services -- aims to raise more than $30 million through an initial public offering. Proceeds from the IPO, which closes on August 23, will...

Creditors of the failed Televest Ltd. and Telecheck Holdings Ltd. are receiving some good news this Cup Match holiday, with word from liquidators that they will soon declare and pay an interim dividend of $2 million to all creditors. The liquidation'...