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(OPL) soared more than 145 percent to $196.8 million -- a $116.7 million increase on the $80.1 million declared for the first quarter of last year. Officials said that the improvement was largely due to the extraordinary performance of the company's ...

An insolvent creditor of Bermuda Fire & Marine Insurance Co. (BFMIC) in liquidation is in the middle of a dispute with Lloyd's underwriters that has led to allegations of bad faith. Transit Casualty Co., which collapsed in Missouri 1985, has filed br...

Hutchings, has been elected president of the Bermuda Foundation for Insurance Studies (BFIS) by the board of trustees. Mr. Hutchings replaces Thomas V.A. Kelsey, who has held the position since the Foundation's inception in 1996. Mr. Kelsey recently ...

Bermuda-registered Sea Containers Ltd. has reported net earnings for the first quarter to March 31 rose more than 100 percent to $3.8 million or four cents per common share on revenues of $262.1 million (1997: $248 million.). Sea Containers is a mari...

The International Association for Financial Planning (IAFP) is about to create a Bermuda chapter, opening the door to a quality selection of education programmes for local professionals. IAFP is a professional membership association dedicated to adva...

A Special Assistant Attorney General in the state of Massachusetts has urged a US federal judge to end federal interference in the case involving Electric Mutual Liability Insurance Co. (EMLICO). And J. David Leslie, acting on behalf of the state's c...

reinsurance market came yesterday with the confirmation by one of the world's largest reinsurers of plans for a direct presence on the Island. The Swiss Reinsurance Co. (Swiss Re), the world's second largest reinsurance company, has been a part of th...

A new future wave of young Bermudian insurance executives appears assured with word of outstanding success by Bermuda students at the College of Insurance in New York. And this week, leading scholar Paul Wollman, will be the first Bermuda graduate of...

Bermuda's growing international role in business has led to the changing of the format for the next Bermuda Insurance Symposium (BIS), to be held next February at the Southampton Princess Hotel. The BIS executive meets today to pinpoint the planned s...

A new insurance industry report predicts increased hurricane activity in the Atlantic this year, and powerful new moves by Bermuda insurers to tap into the US market. The report by Sedgwick, Inc. has declared that the global insurance industry may ha...