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their bottom line profit by 50 percent to $629,094 in the year to March 31. But chairman W. Neville Conyers has voiced concern in the annual report that while air travel grew worldwide by five percent last year, Bermuda experienced a decline of more ...

will last less time than it took Government to process its application. And that has Belco president Garry Madeiros worried. He says it took Government more than two years to process the application and it has now granted it a licence for 18 months, ...

to Bank of Bermuda president Charles Vaughan-Johnston. But industry professionals have to spend more time onshore, telling people about the Island's success story, business development and business opportunities, he said. The international banker, th...

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...