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record earnings for the year to March 31, as the bottom line profit improved almost 10 percent over the previous year to $11.49 million. Argus CEO Gerald Simons said that net premiums for the year rose 20 percent from $34.61 million to $41.56 million...

KPMG Peat Marwick Bermuda partner Mark Bridges, FCA has been appointed vice president, finance at Bermuda-based reinsurer Overseas Partners Ltd. (OPL). OPL president and CEO Bruce Barone said the need to add to staff resulted from the reinsurer's cur...

Bermuda market to identify new opportunities. Those new opportunities could come from reinsurers like IPC Re and PartnerRe, which are already involved in the Indian insurer's property catastrophe programmes. But Madhumalati Damle, the manager of the ...

Diana, Princess of Wales Memorial Tartan. Highlander, the Front Street retailer in the Butterfield Place Mall, has distribution rights from the licensed maker of the tartan. Highlander manager, Dicky King, said that those purchasing the memorial tart...

Bermuda-based SCUUL Ltd. has declared net income for the year to December 31 at $1,554,483, a near 52 percent drop when compared to the year before. Through subsidiary and Class Three insurer, School College and University Underwriters, Ltd. (SCUUL B...

Terra Nova Insurance (UK) Holdings plc, the wholly owned subsidiary of Terra Nova (Bermuda) Holdings Ltd., has completed a refinancing initiative that involved a $100-million offering. The offering of $100 million principal amount of senior notes due...

(OPL) soared more than 145 percent to $196.8 million -- a $116.7 million increase on the $80.1 million declared for the first quarter of last year. Officials said that the improvement was largely due to the extraordinary performance of the company's ...

An insolvent creditor of Bermuda Fire & Marine Insurance Co. (BFMIC) in liquidation is in the middle of a dispute with Lloyd's underwriters that has led to allegations of bad faith. Transit Casualty Co., which collapsed in Missouri 1985, has filed br...

Hutchings, has been elected president of the Bermuda Foundation for Insurance Studies (BFIS) by the board of trustees. Mr. Hutchings replaces Thomas V.A. Kelsey, who has held the position since the Foundation's inception in 1996. Mr. Kelsey recently ...

Bermuda-registered Sea Containers Ltd. has reported net earnings for the first quarter to March 31 rose more than 100 percent to $3.8 million or four cents per common share on revenues of $262.1 million (1997: $248 million.). Sea Containers is a mari...