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a part of France's Societe Generale, established its first significant business interest in the Caribbean by buying Coutts Bahamas from National Westminister Bank. Bahamas was chosen over Bermuda or the Caymans, it is being hinted, because Bahamas, u...

vehicle, Westways Funding IV, Ltd., has been rated `F1' by Fitch IBCA. And the agency gave a `AA' rating to $118.27 million secured class A-1 floating rate notes, $78.848 million secured class A-2 floating rate notes, and $110.88 million secured clas...

third quarter, when compared with the same period last year. And chairman, president and CEO Brian Duperreault said in a letter to shareholders, "The company has grown by strategic acquisitions and timely new ventures in our major markets, namely Llo...

closer together to increase the potential for new opportunities. The networking organisation was formed by James Symonds upon his return to the Island from Scotland. He said it is important to let others know one's career objectives. He noted such a ...

Local residents should benefit from lower overseas telephone rates soon after Government and telecommunications giant Cable & Wireless settled their differences yesterday. The two parties signed a new pact yesterday morning that provides C&W with a n...

Bermuda's retailers are still fighting a losing battle of restricted profit margins and escalated costs, in the face of a continuing reduction in tourism. Many suspect that as cash flow remains a lingering problem, more retailers will be forced to pa...

led to the departure of a substantial number of staff. Some 60 staff, representing 20% of ACE UK's workforce, have lost their jobs, including four named underwriters, Insurance Day reported. The startling development comes only two months after John ...

Bermuda's "Mr. Saladmaster'' Junius Durrant has been served up an award. He was honoured by Dallas-based Saladmaster for representing the firm for 30 years to August 15. Mr. Durrant took home a cash award and a plaque in recognition of the honour, be...

Standard & Poor's has assigned its double-`A' financial strength and counterparty credit ratings to XL Mid Ocean Reinsurance Co. Ltd. S&P said the outlook was stable and that the completed Mid Ocean transaction provided a well-diversified book of bus...

The Atlantic Mutual Companies group has reported $6.6 million net income for the three months ended June 30, compared to $8.2 million for the same period in 1997. The New York firm opened Atlantic Mutual Of Bermuda, Ltd. in 1997, as a licensed proper...