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While programmers are in hot demand globally to fix the "Millennium Bug'' or Y2K problem, a Bermuda firm is marketing a UK product that will fix it, inexpensively. Developed in the UK by Continua Systems, the Year 2000 TimeBomb Disposal Kit, is being...

Bermuda-based reinsurer PartnerRe Ltd.'s purchase of Winterthur Re for $750 million will lead to little cost cutting or job reductions, according to president and CEO Herbert Haag. He said the deal would help earnings, diversify his firm's property c...

The latest industry consolidation has Bermuda-based property catastrophe reinsurer, PartnerRe Ltd., buying the active reinsurance arm of Winterthur Insurance Co. for $750 million in cash from the Credit Suisse Group (CS). Winterthur's decision to foc...

One of Canada's largest alternative providers of long distance telephone service has incorporated here and launched a new service connecting Canadians to non-North American countries at rock-bottom rates. Based in Oakville, Ontario, The London Teleco...

of their business segments that need to modify or replace significant portions of their computer systems to affect Year 2000 compliance. The company has reported in SEC filings that the changes will be required to ensure the systems will properly uti...

Bermuda market, but could also lead to the emergence of new, independent brokerage houses, a long-time market executive has observed. Former chairman of Aon's Bermuda operations Robin Spencer-Arscott said that the local market still hadn't fully reco...

a part of France's Societe Generale, established its first significant business interest in the Caribbean by buying Coutts Bahamas from National Westminister Bank. Bahamas was chosen over Bermuda or the Caymans, it is being hinted, because Bahamas, u...

vehicle, Westways Funding IV, Ltd., has been rated `F1' by Fitch IBCA. And the agency gave a `AA' rating to $118.27 million secured class A-1 floating rate notes, $78.848 million secured class A-2 floating rate notes, and $110.88 million secured clas...

third quarter, when compared with the same period last year. And chairman, president and CEO Brian Duperreault said in a letter to shareholders, "The company has grown by strategic acquisitions and timely new ventures in our major markets, namely Llo...

closer together to increase the potential for new opportunities. The networking organisation was formed by James Symonds upon his return to the Island from Scotland. He said it is important to let others know one's career objectives. He noted such a ...