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oldest captive insurers to cease underwriting and enter run-off. Hopewell International Insurance Ltd. will cease underwriting on June 30 and transfer the unexpired portion of its current property and marine business on July 1 to Harrington Internati...

global asset management company with money management giant INVESCO Plc. The new exempted company, INVESCO Global Asset Management Ltd. (IGAM), is targeted primarily at the Bermuda insurance market. INVESCO, with $70 billion in assets under administr...

International Services Ltd. (ISL) to suffer a loss in expected business, as it drove up the cost of getting that business. ISL president Mr. Michel Drew said he had just quoted figures the day before the Budget was announced that he had to revise onc...

In an unusual move, the firm of liquidators for the failed United Security Life Insurance Company Ltd. have slashed their bills by more than 30 percent. Creditors were told at a meeting yesterday how the liquidators, of accounting firm Ernst & Young,...

Small Business Development Corporation general manager, Ms Michelle Baiyina Khaldun, has been a teenage activist, a banker who negotiated labour deals and an education lobbyist in New York State. A Muslim, she gave up her college plans to go to the S...

may be the second best in four years, according to initial estimates by the Ministry of Finance. And Finance Minister the Hon. David Saul saud on Friday he was confident about the future of Bermuda's international business, but warned that the Island...

The security of the City electricity supply remains at risk, says Belco, because the utility is unable to establish a much needed sub-station for the City's west end. The utility's "perfect'' site on Woodbourne Avenue remains embroiled in controversy...

Bermuda-based Corange Ltd. said yesterday that they still hoped to be able to discuss differences of opinion they have with US partner CellPro Inc. Seattle-based CellPro is threatening legal action after claiming Corange appeared ready to renege on a...

their public relations. The utility is in advanced discussions to have residential electricity bills paid through the banks' ATMs. And residents are already lining up and paying to have their power lines placed underground. Further, Belco has virtual...

International Ltd. They believe Corange will renege on a multi-million dollar deal, according to Bloomberg. The collaborative diagnostics deal with CellPro Inc. of Bothell, Washington State, is an agreement that was struck by a previous Corange admin...