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four years and four months for masterminding an insurance fraud scheme that swindled victims out of more than $5 million. The hustler, who was said to have deceived both the Bermuda Government and his Bermuda accountants Cooper & Lines/Coopers & Lybr...

Board and cleared the way for a major development at the City gateway. After the successful appeal by Villa Development Company Ltd., work began almost immediately, starting with the East Broadway redevelopment of the old Waterfront Restaurant buildi...

international business, as a result of the Independence referendum. Portfolio International, which bills itself as "The Professional's Guide to Investment Worldwide'', carries a July article which highlights the Bermuda International Business Associa...

an "Unless'' order failed this month, plans to take his case to the European Commission on Human Rights. The Law Lords of the Privy Council threw out an appeal by the one-time Bermuda insurance company boss and ordered him to pay the costs for the fa...

Government's annual insurance bill for property cover for a $1 billion dollar portfolio of public property has tripled, with premiums climbing to a record $4.5 million. But the Works & Engineering Minister, the Hon. Leonard Gibbons, said that the inc...

clarified that the BMA earned a profit of $2,779,000 for the year ended December 31, 1989. Mrs. Marcia Woolridge-Allwood made the statement in response to an article in The Royal Gazette which quoted from the latest Government Auditor's report that p...

public funds -- to the tune of $20 million a year -- are being spent without the required approval of Parliament, according to the latest independent auditor's report. The auditor, Mr. Larry Dennis, has warned of consequences that include reduced con...

over the health of the Contributory Pension Fund (CPF). The latest opinion, which is addressed in a Government Green Paper on a proposed National Pensions Scheme, differs from a 1989 report that said the fund was "quite sound'' and would even absorb ...

endowment fund. The marine biology and oceanographic research facility paid for itself in 1994 following two consecutive years of drawing on the fund. President Dr. James Galloway said: "In 1992, the BBSR had a deficit, even after distributions from ...

$100 million annually, a national newspaper in Canada has reported. The Globe and Mail, touted as Canada's business newspaper, on Saturday cited the surprise figure as they reported the Government's decision to allow TeleBermuda International Ltd. th...