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A Bermuda insurance executive impressed upon a largely banking audience in London the attributes of Bermuda as an innovative financial insurance market. Tony Forster, chairman and CEO of Bermuda-based merchant banking-type and financial guarantee adv...

in which exchange control appears headed for complete abolition. The Bermuda Monetary Authority (BMA) has recommended to Government legislative changes that would require payments inside Bermuda to be quoted or expressed, and, ideally settled, in Ber...

control for expediency'' with the proposed changes to the Companies Act 1981 has been dismissed by Finance Minister Grant Gibbons. The claim is in an article in Miami-based newsletter, Offshore Alert, which said the amendment removes "a key provision...

could move to have MPs approve the Bank of Bermuda's bid to get an exemption from the 60/40 ownership law this Friday. Government backbencher Leonard Gibbons tried to have the private member's bill debated last Friday when he moved that the Lower Hou...

refused to give an unqualified, clean bill of health to the Contributory Pension Fund. And Government Auditor Larry Dennis has pointed out that as of last November, the 1994 accounts of eight organisations had not been completely audited. Those organ...

recent decision of Parliament's Private Bills Committee, which did not support the Bank of Bermuda's waiver petition for an exemption from the 60/40 rule. And there was a hint this week that the bank not only has other options in seeking the exemptio...

Plagued by a significant drop-off in winter advertising revenue and diminishing returns, Bermuda Magazine has been forced to rethink its product. Publisher Bermuda Marketing Ltd., which releases the first 1998 edition this week, is now moving away fr...

Two Berkeley Institute alumni and two Oxford University alumni have joined to form Francis & Forrest, Bermuda's newest law firm which opened for business last month at the Corner House on Parliament Street. The partners and former Berkeley students a...

The monthly index for the total value of retail sales increased 4.8 percent in February over the same month in 1997. Gross turnover was estimated at $35 million for the month. But retail sales index statistics made available by Government's Statistic...

Outgoing president of the Bermuda Chamber of Commerce, David Rowntree, has expressed concern that the business lobby's input into potential tax reform may be muted. UK tax advisors are on the verge of presenting a final report to Government. Mr. Rown...