Log In

A leading insurance trade publication has now pointed an accusatory finger at the Bermuda Government in the controversy surrounding General Electric Company's (GE) Bermuda-domiciled insurer, EMLICO (Electric Mutual Liability Insurance Co.). Business ...

Bermuda resident US taxpayers will for the first time in many years have no opportunity to meet an IRS representative at the US Consulate General to assist them in the filing of their tax returns. The Consulate said on Friday that budget cuts were to...

The Court of Appeals on Monday allowed an appeal and set aside the judgment won against Caliban Holdings Ltd. by former employee Vanessa Thomas. Mrs. Thomas commented yesterday that she was disappointed but that it didn't change her strategy in this ...

Opposing sides in the ongoing dispute over Electric Mutual Liability Insurance Co. (EMLICO) are at odds over the meaning of last week's Supreme Court ruling over costs. Puisne Judge Richard Ground ruled that Kemper Reinsurance must reimburse the esta...

reinsurer which alleged fraud against General Electric Co. (GE) and their insurer, Bermuda-based Electric Mutual Liability Insurance Co. (EMLICO), must pay legal costs for GE and EMLICO. That is the legal opinion of manager of Appleby, Spurling & Kem...

Tough, new legislation to improve controls against money-laundering will be finalised through a joint effort of the Ministry of Finance, the Attorney General, the Ministry of Labour, Home Affairs and Public Safety, together with the Bermuda Monetary ...

Government analysts predict further growth in Bermuda's economy during the year, with nominal growth in gross domestic product (GDP) projected at five percent. That was the assessment of the 1996 Economic Review, a document prepared annually by the M...

On the eve of the presentation of a new Government budget, just-released figures for the fiscal year ending nearly three years ago show a government need in future years to raise taxes to pay for significant, unfunded expenses. The latest financial s...

Contained in the President Clinton's $1.69-trillion budget are specific provisions that may impact Bermuda's captive insurance industry. Provisions altering the definition of insurance by requiring the writing of more third party business, first rais...

Lawyers yesterday differed over the importance of a UK Court of Appeal judgement handed down on Tuesday and the implications for the dispute concerning the collapse of Bermuda-domiciled Electric Mutual Liability Insurance Company (EMLICO). The group ...