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third quarter profits to September 30 at $45 million, down just 2.4 percent from $46.2 million in the same period in 1994. A 12.5 cent dividend was declared. Excluding net realised investment gains of $2.4 million, operating earnings were $42.7 milli...

A renowned hurricane forecaster is trying to enlist the powerful US insurance lobby in a battle to get more funding from Washington for leading edge hurricane research. Calling for a review of Federal spending on climate research in favour of hurrica...

A meeting of top reinsurers and the world's foremost experts at climate prediction experienced a front and centre confrontation as three days of meetings opened. New Zealander, Dr. Kevin Trenberth, who heads up the Climate Analysis Section of the Nat...

Better universal knowledge and prediction of storms will lead to smaller profits and more government regulation for property catastrophe reinsurers, a leading reinsurer and economist said. Speaking at the Climate Prediction and Insurance Risk Confere...

A new Bermuda company, WIRE Bermuda Ltd., is providing customised access to the Internet for insurers, reinsurers and brokers. Said managing director Mr. Rowan Douglas, "There is an enormous volume of underwriting information available on the Interne...

Bermudians continue to feel the economic bite, as is evidenced by the fact that debt collection has become big business. One agency is seeking the incorporation of a limited liability company and has been forced to increase staff, from two to four, t...

targeted Brockbank Group plc, the Financial Times reported this weekend. Shares in Brockbank rose as much as 13.9 percent following the newspaper article, according to Bloomberg. Brockbank said it was in talks with a "number of parties'' which were s...

seeks to position itself for new business on the cutting edge of the evolution of the industry. Kempe & Whittle/Ernst & Young International has between 135 and 140 people on staff, half of whom are chartered accountants, and managing partner, Mr. Jan...

existence of secret hearings in the Bermuda Supreme Court relating to claims being brought by the joint liquidators of the Bermuda Fire & Marine Insurance Company Ltd. (BFMIC) against certain common shareholders of domestic insurer BF&M Ltd. BF&M has...

long-held partnership structure, to limit their liability to claims of negligence made against them. An industry task force, chaired by Mr. Robert Steinhoff, partner at Butterfield & Steinhoff/KPMG Peat Marwick, is involved in long term talks with th...