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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...

The Bermuda Press (Holdings) Ltd. yesterday reported profits at the printing and newspaper company fell more than 16 percent to $1,027,800 in 1995. Operating profits for the year ending September 30 dropped 21 percent to $970,202 but was offset by a ...

Trading in Bermuda Bakery shares on the Bermuda Stock Exchange was suspended yesterday after the long-time bakery cited irregularities related to its share register. The suspension, announced by the Exchange at the request of the Island's largest bak...

After a relatively profitable last few years, the rates for property catastrophe reinsurance, much like other lines of business, have continued to soften. It is a time that the market looks for underwriting skills to come to the fore. Another counter...

Bermuda firms have taken advantage of expertise offered by Network General Corporation, a hugely successful US firm that designs, manufactures and sells software-based local area network (LAN) and wide area network (WAN) analysis tools. The industry ...

The Supreme Court has sanctioned a new scheme of arrangement for a group of four insolvent Bermuda reinsurers, paving the way for a final disbursement of assets. The four companies shared the risks of a reinsurance pooling arrangement before becoming...

expect a bad winter. And many believe that it will be do or die for some companies before the busy season begins again next April. After less than stellar sales figures for the year, many are crossing their fingers, hopeful that Christmas activity is...

A Front Street businessman has vowed to remove vagrants from City parkland because they are bad for business. Charging that they are threatening visitors and the elderly, Mr. Nelson Hunt has made it clear that he will chase them away from a nearby pa...