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The parent company of Terra Nova (Bermuda) Insurance Company Ltd. has added another $35 million of new capital to the Bermuda insurer, raising shareholders' equity to just over $110 million. The additional investment by its parent company, Terra Nova...

its principal operating company, Commercial Risk Reinsurance Company Ltd., to more than $200 million before the end of the year. Commercial Risk Partners Ltd. President and CEO Mr. Graham C. Pewter said, "Our increased capitalisation will ensure the ...

Property catastrophe reinsurer, Bermuda-based Centre Cat Ltd., has advised its business partners that they expect losses of between $8 million and $12 million as a result of Hurricane Opal. Centre Cat moved to assure the market of the company's stren...

The Bermuda Stock Exchange (BSX) has increased the size of its Council to 11 from eight members and installed a new chairwoman, Ms Audette Exel, the managing director of the Bermuda Commercial Bank. And the Council has been beefed up with top officia...

International Bar Association's (IBA) Section on Business Law, held in Paris. Business lawyers believe that the Bermuda market gains invaluable exposure from attending such conferences. Both company lawyers and those in private practice attend. There...

skyrocketed nearly 90 percent to $92.9 million or $1.82 a share, compared with $49 million or $0.90 a share in 1994's third quarter to August 31. EXEL Ltd. is the parent of X.L. Insurance Company Ltd. and X.L. Europe Insurance, which provide general ...

"powerful testimony'' to the increasing acceptability of Bermuda market security, the island's top insurance regulator told a conference of US regulators in Philadelphia. Registrar of Companies Mr. Kymn Astwood was speaking at a public policy confere...

year to June 30 blames the stock market for the decline in the net asset value per share, which dropped 2.4 percent or $0.24 to $9.93 from $10.17 in the twelve month period. The fund at the end of the financial year had assets totalling $13,553,015, ...

$200,000, what it cost them for the "refocussing'' of its London-based activities nine months ago. The poor operating performance of Butterfield Securities, the London-based investment management and securities broking subsidiary, led to Butterfield ...

allowing it to provide investment advisory and management services to local companies and trustees. Schroders (Bermuda), the subsidiary of leading merchant and investment banking group, Schroders Plc, will be involved at the wholesale end of the mark...