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Even if Electric Mutual Liability Company (EMLICO) moved to Bermuda to improve its position in a potential liquidation and make better recoveries from reinsurers, it would not be considered to be fraud in Bermuda, a lawyer for EMLICO's provisional li...

selling a large portfolio of local interests, including a 200-year old Front Street building. He has made CapCar Enterprises the sole and exclusive agent to sell the Harnett & Richardson building opposite Number Six dock, Harnett & Richardson Insuran...

A top member of Reuters' risk management unit urged those in his profession not to use "incomprehensible'' jargon when preparing reports for higher-ups. Gabriel Bousbib, vice president of the risk management unit of Reuters America Inc., said: "Risk ...

reinsurers of the past may return to haunt the market again. The big `cat' companies will soon conclude the January renewal season with Bermuda again staking a leadership role in the market. There are already indications that Bermuda's firms will hav...

financing that is earmarked for working capital and the purchase of equipment. The company is currently reviewing bids from four equipment manufacturers including AT&T, Motorola, Phoenix Wireless and Northern Telecom, for the design and installation ...

the Barings Bank crisis that paved the way for written assurances from London that more than $40 million placed by a Bermuda company with Barings fund managers was safe. And president of Kast Investment Management Ltd., Mrs. Anne Kast, conceded that ...

regulations in the wrong class. Insurers who applied under one category in many cases had to be moved to another. Regulators had to spend considerable time reviewing an estimated 150 to 200 imperfect applications, slowing down processing time. And Re...

The three largest shareholders of BCM Holdings Ltd. have purchased the company's construction and mill business. BCM Holdings president Mr. Alan Burland, chairman Mr. John Burland and senior manager Mr. George Ratteray will first buy the majority sta...

marketed by Bermuda Asset Management (BAM), custodied by the Bank of Bermuda and managed by Bermuda exempt company, INVESCO Global Asset Management (IGAM). The INVESCO Prime Money Market Fund is an institutional fund formed to market to Bermuda insur...

Captive insurers have intense lobbying on their behalf underway in Washington this week against White House budget proposals that would significantly affect Bermuda's captive insurance industry. At issue is President Bill Clinton's budget proposal, p...