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accusing London reinsurers of seriously impeding the efficient winding up of the insolvent insurer by their conduct in litigation over a Superfund site. They have moved their lawsuit against London reinsurers from state to federal court, and are now ...

(Bermuda) Ltd. is back. And they are aiming to wipe out their bank debt by the end of the fiscal year. The firm said it is now in a healthy state and has re-established relations with the franchise's head office, Tricon International, after what was ...

On the eve of an ambitious scheme to begin publishing its weekly newspaper twice-weekly, Island Press (Holdings) Ltd. has again declared a net loss for the year. The annual results for the year to September 30, 1997 are being released this month, nea...

what Bermuda executives have been speculating about for some time -- a new acquisition target. It is believed that the burgeoning Bermuda insurer, as early as today, could announce they have bought their second Bermuda `cat' reinsurer, CAT Ltd., or, ...

opportunity to study the legislative result of the decision announced in the UK Chancellor of the Exchequer's new budget which would retrospectively tax offshore trusts that had previously escaped taxation. The Chancellor has announced the planned re...

Bermuda is a well-wired "information Island'', the world's premier offshore financial centre and user-friendly in terms of regulation, leading mutual fund officials were told yesterday at a Bermuda-sponsored breakfast meeting in Florida. About 120 at...

Bermudians seeking an opportunity in insurance study received a boost from a $100,000 gift from a company that is not even domiciled here and is not even an insurer. The Bermuda Foundation for Insurance Studies (BFIS) received the major donation from...

The insurance and reinsurance operations at Hurst Holme on Trott Road in Hamilton, long known as Sphere Drake Underwriting Management (Bermuda) Ltd. (SDUMBL) officially began trading as Odyssey Re Bermuda yesterday. SDUMBL was Sphere Drake Ltd.'s Ber...

A Bermuda-based investment management organisation, CASE International Ltd., has been hired to manage two new equity mutual funds that will be offered through financial advisors across Canada. The yrgentum International Fund and yrgentum North Americ...

Bermuda-registered Sea Containers has signed the main agreement with a General Electric Co. (GE) unit for a new joint venture that will operate existing marine container fleets and become one of the world's largest container leasing operations. The d...