Log In

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...

across the European Union. The European Economic and Monetary Union (EMU) comes into effect early in 1999, and LOM is positioning itself for the expected dramatic expansion of investment opportunities. The company marked the opening of its second ove...

A California pharmaceutical developer will seek to have its legal domicile moved from Delaware to Bermuda to take advantage of a better tax climate for future earnings. The company, XOMA Corp., said yesterday that its board of directors agreed to the...

Bermuda-registered American Safety Insurance Group, Ltd.'s third quarter net earnings soared 144 percent to nearly $1.6 million from $655,769 for the same quarter in 1997. And profit for the first nine months to September 30 has jumped 89 percent fro...

Hit by volatility in investment markets and a reduction in written premiums, net income for the first half of the fiscal year for Bermuda-based Stockton Reinsurance Ltd. fell nearly 28 percent to $46.6 million compared to $64.3 million for the same p...