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devastating earthquake that rocked central Japan on Tuesday. But industry sources are doubtful that the Bermuda market's loss will be large. The earthquake tore through a wide area of central Japan, including the large cities of Osaka, Kyoto and Kobe...

was split up in 1991 do not have all the facts, company chairman the Hon. Charles Collis said yesterday. Mr. Collis, who also took issue with the provisional liquidators' report to policyholders and creditors this month, was responding to comments co...

former Focus Insurance boss, Mr. Mark Hardy, to show cause why he should not be punished for contempt of court. It means that local officials can seize and arrest the bankrupt former chartered accountant -- whose Bermuda insurance empire is now in li...

potential investors in the Bermuda Financial Centre. And NLP spokesman Mr. Graeme Outerbridge has taken Princess executives to task for opposing the BFCL planning application. Mr. Outerbridge claimed last week that Princess officials, through "bad-mo...

On Friday, Ms Madeline Joel jetted to Florida to focus on the next chapter in her flourishing amateur golf career. Next month, she moves from a top insurance brokerage firm to an insurance company to begin a new chapter in her equally successful prof...

the fourth quarter ended November 30, trimming their over all net earnings for the year 1994 to $144 million or $2.65 a share. The results contrast with 1993 when the company reported fourth quarter profits of $88.6 million ($1.60 per share) and a ye...

Costs to ship owners carrying petroleum products to the US are rising sharply as a result of a Coast Guard requirement for higher limits on certificates of financial responsibility (CoFRs). Chief financial officer with Bermuda-based ship owner London...

Services (BFS), that they say will be of benefit for everyone from the novice to the experienced investor. Senior vice president, investments, Mr. Peter Mellor, said of the new initiative: "Our aim is to put world markets within everyone's reach. Thr...

Mr. David Notman has jointly applied with Dr. Hans Black to incorporate a new investment company, under the Companies Act 1981. The new company appears set to capitalise on the need for extensive expertise in the burgeoning field of investment. A leg...

if not, it should at least be interesting. As the year end has brought a quieter market place, 1994 will be remembered as the year that the Exchange came in like a lion and went out like a lamb. In the first seven months of the year, the Exchange ecl...