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replaced the Englishman with a Bermudian woman. The move came after the firm brought the respected marine underwriter to Bermuda less than nine months ago from London. Mr. Charles Becker told The Royal Gazette yesterday that he felt he had "been trea...

An agreement has been reached to sell upscale women's boutique chain Cecile to the owners of the English Sports Shop chain. But six weeks after the deal was signed between TESS Ltd. and Cecile owner Lady (Ann) Pearman, the two sides have yet to final...

Bermuda-based OIL Insurance Ltd., is proposing substantial improvements to its products, including increases in loss limits. The company has called for a special shareholders meeting next month to consider the fresh initiatives, recommended by the bo...

More than three out of every four dollars that the Bank of Bermuda earns in revenue from Bermuda operations comes from international business. And the bank's total revenues substantially increased by 21 percent, up by $40 million, in the year to June...

first time. Comerica Trust Company of Bermuda Ltd., a subsidiary of Comerica Bank in Detroit, Michigan, will offer trust services for captive insurance companies and offshore mutual funds. The Detroit-based bank said: "Comerica has had an interdiscip...

Local arts patron and Bermuda land owner, Mr. Christopher Ondaatje, has sold controlling interest in Toronto-based investment banking company, The Ondaatje Corporation, for more than Cdn$45.5 million to Physicians Insurance Company of Ohio (PICO). PI...

it may not proceed with its planend $100 million public debt offering for subsidiary, Sphere Drake Plc. In May, Sphere Drake announced the filing of a registration statement with the Securities and Exchange Commission for the public debt offering. At...

anybody else.' -- Mr. Jack Carter Former US President Jimmy Carter's son, Mr. Jack Carter, has moved to Bermuda as international portfolio manager at INVESCO Global Asset Management Ltd. (IGAM). A hedging specialist and technical analyst, the southe...

Island with a host of applications. Widanet, a radio-based data communications system, now being installed by Telecommunications (Bermuda & West Indies) Ltd. (Telecom), is proving to have a wide variety of uses in the public and private sectors. In f...

Mr. Brian Duperreault, advised how the premier excess liability company experienced "new beginnings as well as steady progress''. The company said that the third quarter to June 30 was marked by the fact that they began writing two new lines of busin...