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the Bank of Butterfield. Vice president of personal and branch banking, Mr. Smith, 42, finishes his duties at the bank today, after 19 years. He said yesterday that he has no immediate employment plans. He intends to spend more time with his family b...

investment portfolio, yet its chief executive said the company's performance has been favourable. Overseas Partners Ltd. (OPL), declared a $258.3-million profit for the six months to June 30, after a disappointing second quarter in which earnings slu...

convergence of the insurance and capital markets. In the wake of the completion of the merger that saw EXEL Ltd. take over Mid Ocean Ltd., EXEL's newly-consolidated reinsurer is in the news again. X.L. Mid Ocean Reinsurance Company, Ltd. -- the newly...

Lloyd's and ACE UK mutually agreed to suspend trading in ACE managed syndicates' during capacity auctions held Tuesday and Wednesday. The regularly scheduled auctions are for Lloyd's capital providers to buy and sell capacity. The move comes as ACE b...

One of the Island's newest reinsurers may play a significant role in insuring the next World Cup. That announcement came yesterday as Bermuda-based reinsurer, ESG Re Ltd., declared net income of $3.2 million for the second quarter to June 30 and $6.5...

Sales Corporations (FSC) are providing for unfair competition from US organisations. But the trade dispute between the US and the European Union (EU) is beginning to heat up, with offshore beneficiaries of FSC business, such as Bermuda, watching from...

A Bermuda insurer in run-off is under a legal challenge by a local reinsurer. GTE Reinsurance Co. has applied to the Bermuda Supreme Court to have Belvedere Insurance wound up. The Registrar of Companies Kymn Astwood, as the official receiver, has be...

A housing dispute involving a high-ranking Police officer and the Bermuda Housing Corporation has been sent back to Magistrates' Court. In a recent written judgement, Bermuda Police Service Superintendent Victor G. Richmond has won his Supreme Court ...

Bermuda-based Mutual Risk Management Ltd. (MRM) has continued the significant growth in its fee business and operating income, announcing yet another set of second quarter records. Program business' fees grew 76 percent to $18.6 million and operating...

Bermuda-based fund management operation that has activities here, BVI, Jersey, London and Luxembourg. Liberty International Jersey Ltd. is the offshore asset management subsidiary of Liberty Mutual that has exchanged contracts to take an interest in ...