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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'...

receivership. And yesterday, Police sources confirmed detectives are continuing an investigation launched some time ago into the disappearance of company funds. No-one could say yesterday if the two events are connected. Kempe & Whittle partner Gil T...

reported net income of $40.8 million for the third quarter to June 30, a 15.6 percent increase over the 1995 third quarter. Net income for the quarter that is available to common shareholders after minority interest of more than $15 million is $25,79...

the year to June 30, a 12 percent improvement over the year before. Earnings per share climbed 21 cents to $2.38. Total assets for the first time broke through the $8 billion mark ($8.1 billion), a near $700-million growth. And total revenues for the...

Mutual Liability Company Ltd. (EMLICO), the Bermuda-based insurer accused of practising fraud and deception in moving here from Massachusetts in June, 1995. Although the decision goes against the wishes of Kemper Re, one of the EMLICO reinsurers maki...

Mortgage and real estate firm Bermuda Home has complained charges levied against wealthy non-Bermudians buying homes are excessive and contrary to the Island's interests. The company's just-released annual report to shareholders, signed by chairman D...

Trading begins today on the New York Stock Exchange of the common shares of Bermuda-based RenaissanceRe Holdings Ltd. (RNR), as the property catastrophe reinsurer and insurer reported second quarter income to June 30 at $39.3 million. The quarterly e...

third quarter to June 30, bringing nine month profit to $202.8 million ($4.36 per share). The figures represent a 46 percent drop over last year's third quarter and a 35 percent improvement over the 1995 nine month performance. Brian Duperreault, ACE...

within the Alternative Risk Transfer (ART) market, is changing the direction of its underwriting to appeal to Fortune 500 companies. With increased limits the Bermuda insurer, that was formed just last year, will offer a single block of capacity, so ...

Island's insurance industry was unveiled yesterday. And international insurers yesterday pledged millions of dollars over five years to ensure the success of The Bermuda Foundation for Insurance Studies. More than $2 million of a $7.5 million endowme...