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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...

for baked goods in the Washington Mall on Church Street. BAS CEO Eugene Bean said yesterday that the previously announced plan to give Crow Lane Bakery products a mid-town presence has already met targeted projections during the first week. The Crow ...

first part of the The Bermuda Scholars Programme '98, a week-long, intensive three credit course on Global Insurance and Risk Management. College of Insurance professor, Dr. Charles Edinger, introduced students to the important issues involved in man...

Increased revenue from new subsidiaries has improved Bermuda Press (Holdings) Ltd.'s six month net income to March 31 to $1,078,218 -- a more than 63 percent increase over the same period in 1997. Earnings per share for the period jumped from 46 cent...

to February 28, after the company put heavy emphasis on research, development and patenting of new processes for the production of acetylene and related products during the last two years. The $6.1-million loss (26.3 cents a share) came on revenues o...

The top insurance regulator in the state of Massachusetts can be expected to petition the Bermuda Supreme Court in an effort to take control of controversial insurer, Electric Mutual Liability Insurance Co. (EMLICO). Her representatives are soon expe...

ACE Insurance Co. Ltd. has increased gross capacity on any single satellite risk, a Bermuda Insurance Institute seminar heard yesterday from Jeff Cassidy senior vice president, satellite underwriting/aerospace division. Mr. Cassidy said that limits h...

officer, Sarath Wikramanayake has resigned. The Sri Lankan-born chartered accountant has been with the bank for 17 years and finishes up at the end of the month. He said yesterday, "I'm just carrying out my plan to return home eventually. I've decide...

International, Inc. and AGC Life Insurance Co. Templeton American General Life of Bermuda, Ltd. plans to develop, sell and administer private placement variable life insurance products especially tailored for high net worth individuals, worldwide. Te...

The total value of retail sales increased a strong 13.3 percent in April over the same month in 1997, with gross turn-over estimated at $46.3 million. The statistics department of the Ministry of Finance said yesterday that after adjustment for infla...