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could move to have MPs approve the Bank of Bermuda's bid to get an exemption from the 60/40 ownership law this Friday. Government backbencher Leonard Gibbons tried to have the private member's bill debated last Friday when he moved that the Lower Hou...

The focus of the Bermuda Scholars programme over the next three weeks will be an in-depth study of the human resource needs of the Bermuda insurance industry. A total of 22 students are participating in the programme begun by the Bermuda Foundation f...

will be at the forefront of ongoing initiatives to converge the capital markets with the insurance and reinsurance markets. They are spending the coming weeks establishing office space and putting together a staff of eight to ten people, president Mi...

refused to give an unqualified, clean bill of health to the Contributory Pension Fund. And Government Auditor Larry Dennis has pointed out that as of last November, the 1994 accounts of eight organisations had not been completely audited. Those organ...

The committee decision that stalled the Bank of Bermuda's bid to win Parliamentary approval for a waiver of the 60/40 ownership rule showed a lack of understanding by Bermuda's politicians. The charge was levelled last night by investment businessman...

its downward spiral yesterday, plunging nearly 78 points as it lost nearly five percent of its value on $1 million worth of trading. The substantial drop may be the largest one-day drop on the Exchange, but BSX officials late yesterday were unable to...

second quarter to May 31, compared to $211.6 million for the same period last year. It brought net income for the first half of the year to $326 million, up from $319.7 million for the first half of the fiscal year 1997. Net income included realised ...

year to sell 40 percent of the jewellery business to Caribbean jewellery conglomerate Colombian Emeralds International (CEI) -- was never consummated. Mr. Dickinson disclosed for the first time yesterday that the deal was blocked by the Bermuda Monet...

recent decision of Parliament's Private Bills Committee, which did not support the Bank of Bermuda's waiver petition for an exemption from the 60/40 rule. And there was a hint this week that the bank not only has other options in seeking the exemptio...

drafted legislation that could be tabled as early as Friday -- but which won't be considered by legislators until the next session of Parliament. But the proposed new measures will not amount to a dismantling of the protectionist legislation, current...