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the Bermuda insurance market over the next ten years. And he endorsed the move by the Bermuda Stock Exchange (BSX) to develop a catastrophe index for trading `Cat' derivative securities. Norman L. Rosenthal, managing director of Morgan Stanley & Co. ...

Street next month -- the third time this year that it has committed substantial capital to a single service station redevelopment. The Bermuda Industrial Union-owned station will close on Friday for three months, before reopening as a modernised fill...

Local writer of alternative risk transfer business, Sphere Drake Underwriting Management (Bermuda) Ltd., (SDUMBL) has increased net premiums written by nearly 56 percent to $11,575,000 for the third quarter to September 30. But for the nine month per...

acquisitions made in the last 12 months. Chairman, president and CEO Brian Duperreault has overseen significant growth in the company, including significant attempts to diversify the book of business. ACE, founded primarily as an excess liability ins...

(MRM) has declared net income available to shareholders at $9.4 million for the three months to September 30, up 22 percent over the $7.7 million posted for the same period last year. Expanding business operations pushed three-quarter profits to $27....

Bermuda-based property catastrophe reinsurer PartnerRe's net income for the first nine months to September 30 improved to $182.7 million, some 18 percent ahead of last year. Net income for the third quarter was $54.4 million (1995: $45 million). The ...

making an even larger contribution to the Bermuda economy than previously thought. Now Government plans to revise key economic estimates on the heels of a report released on the impact of international economies on the local economy. On the eve of th...

share) for the year to September 30, after adding fourth quarter net income of $86.9 million ($1.46 per share). The year's bottom line represents a near 22 percent increase over fiscal '95, while the fourth quarter result amounted to about a $73,000 ...

Another Bermuda-based reinsurer is planning to substantially participate in the Lloyd's of London market starting in January. For LaSalle Re, it could mean its most significant departure to date from its initial line of business, property catastrophe...

income of $144,000 for the second quarter to September 30, a more than 76 percent drop from the $604,000 second quarter earnings a year ago. The results come after the company improved operating income from $1,809,000 to $2,121,000 over the comparati...