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A Bermuda resident has been summoned to the Channel Islands to testify in Jersey's biggest and most complex fraud trial. Bryan Gudgeon, who lives on Hinsons Island with his wife Brenda, was scheduled to begin testifying on Tuesday in the case against...

income for the year to December 31 of $47,938,000, after a successful year in which company assets grew more than a half a billion dollars to $2.147 billion. The successful year was aided by substantial increases in fee income and premiums earned. Ch...

net income for the year to December 31 of $100.1 million ($3.79 per share), an 8.4 percent increase over the $92.6 million ($3.55) for 1996. The return on average of beginning and ending shareholders' equity was 19.6 percent. President and CEO John D...

successes to December 31, 1997 even though it lost millions in premium from a labour strike that hit its core customer. OPL joined a list of Bermuda market companies who prevailed in the intensely competitive reinsurance market during a year when the...

lines as a result of a collaboration agreement they have signed with Merrill Lynch Asset Management (MLAM). BCB will provide direct distribution of MLAM offshore mutual funds, feed deposits directly into MLAM's Dollar Asset Portfolio and offer client...

Standard & Poor's (S&P) forecast that growth will be constrained for Bermuda-domiciled Inter-Ocean Reinsurance Co. Ltd. in 1998, due to the continuing soft traditional reinsurance market and the re-emergence of Lloyd's. But through increased capacity...

Bermuda officials this week rejected an assertion of the Massachusetts insurance regulator, Linda Ruthardt, that a recent Bermuda Supreme Court ruling was not final and binding. They were issuing a point of clarification as EMLICO's reinsurers weighe...

Bermuda captured 20 percent of the new captive insurers formed last year, a new report has said. The latest figures were published in the 1998 Captive Insurance Co. Directory by Tillinghast-Towers Perrin, listing 3,966 captive insurers worldwide, inc...

most important topic facing organisations over the next two years. The bank has now allocated the $3-million budgeted cost for the financial year 1997/98 to complete projects aimed at compliance. Further funding for the following year is to be identi...

Electric Mutual Liability Insurance Co., Ltd. (EMLICO) is only provisional, and neither the order, nor a letter of request from the Chief Justice, supports the delay of proceedings in a US court, lawyers for Massachusetts commissioner of insurance, L...