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there is not enough support for a new hotel on the Bermudiana Hiotel site. The firm has decided to proceed with the construction of the office building and is only submitting its office building plans to planners for final approval. Construction of t...

any direct action by the US Government, especially now that the control of the Congress has switched from Democratic to Republican. American International Company Ltd. counsel Mr. Michael Murphy said yesterday he was convinced that not much other tha...

A contingent of five fly to the US Virgin Islands this weekend to participate in the 11th Annual FSC (Foreign Sales Corporation) Conference. Bermuda FSC Association chairman Mr. Donald Malcolm and senior partner at Milligan-Whyte and Smith Mrs. Lynda...

Insurance Company, a process that is still going on, nine years after it began. Liquidators say, though that the liquidation, considering its complexities, has moved at a better than expected pace, and will pave the way for improvements to the proces...

Bermuda Stock Exchange once long-awaited changes are put into effect, the bourse's Council chairman said yesterday. But Bermuda will have to keep a cap on costs as other offshore jurisdictions oursue the same business, Mr. Charles Gunn told the Bermu...

and to report its best ever profits, according to the company's president. In an interview with The Royal Gazette yesterday, Mr. Michael Palm said the leading Bermuda-based finite risk reinsurer will almost certainly exceed the $187 million it earned...

cards appears to be paying dividends. The Bermuda Credit Association said yesterday some Signature and Travel Card holders who had stopped paying their outstanding balances had started to settle their accounts. The development comes as Telecheck cred...

Poor underwriting nearly killed Lloyd's of London, the insurance market's deputy chairman told a major insurance conference yesterday. But Mr. Robert Hiscox said Lloyd's does not see Bermuda as competition, despite a huge influx of new catastrophe in...

diversify its investments. The transition coincides with the promotion of EXEL's Mr. Brian O'Hara to president and CEO of the company, and as chairman of the company's operating subsidiary XL Insurance Company. Mr. O'Hara replaced Mr. Michael Kevany ...

About 90 buyers and sellers of reinsurance from Bermuda, the US and the UK are attending a two-day seminar at the Princess Hotel in Hamilton, hosted by Tillinghast, the division of Towers Perrin, one of the world's largest firms of independent manage...