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and has taken measures to better position new and improved pension products in the Bermuda market. Sun Life and its investment management subsidiary manages $13 billion in pension assets, including nearly $75 million in Bermuda. Vice president for pe...

Bermuda-registered tanker company, Frontline, has alleged that the board of directors of take-over target, ICB Shipping AB, may have contravened Swedish law. Frontline has been stymied in its attempt to take control of ICB in a ships for shares deal,...

A disagreement between a top London boss of Bermuda-based ACE Ltd. and two Lloyd's underwriters has led to terminations, a London newspaper has reported. The article pre-empted, if not clouded, yesterday's announcement of promotions and other restruc...

In an increasingly competitive environment, Bermuda is still trying to garner its share of a market in Foreign Sales Corporations (FSCs) that local executives first sought ten years ago. And a banker has advocated that `national' planning may be in o...

insurance industry has dedicated to the Y2K fix. The Millennium Bug, as long was feared, has become a multi-billion dollar pest, as increasingly expensive programmers race against time to correct an oversight embedded in information systems since the...

Bermuda executives have completed a four-day, four-city whirlwind seminar programme on behalf of the Risk and Insurance Management Society, Inc. (RIMS), the not-for-profit organisation dedicated to advancing the practice of risk management. The RIMS ...

insurance company before the end of the year to offer insurance products to corporate customers. A spokesman for Sumitomo said a joint venture, to be capitalised at $1 million, will be 90 percent owned by Sumitomo and ten percent by the Tokyo venture...

China Automotive Holdings Ltd. has completed its purchase of controlling interest in Bermuda-registered Whimsy Entertainment Co., Ltd. Whimsy is a publicly-traded company on the Stock Exchange of Hong Kong engaged in operating and franchising indoor ...

underwriting branch in London. The move is the latest modification to the company structure since AIG took control at the start of the year and follows the recent re-naming of Dublin subsidiary, Starr Excess Liability Insurance International. In Berm...

The Supreme Court has ordered oil company Esso Bermuda to compensate Alan Doughty Jr. for wrongfully dismissing him at the end of 1997. And in his ruling Chief Justice Austin Ward has pointed out that Bermuda law does not require redundancy pay of em...