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most important topic facing organisations over the next two years. The bank has now allocated the $3-million budgeted cost for the financial year 1997/98 to complete projects aimed at compliance. Further funding for the following year is to be identi...

Electric Mutual Liability Insurance Co., Ltd. (EMLICO) is only provisional, and neither the order, nor a letter of request from the Chief Justice, supports the delay of proceedings in a US court, lawyers for Massachusetts commissioner of insurance, L...

Princess Hotel that will provide for the US tax professional an in-depth consideration of federal income tax issues, as it relates to offshore insurance. Sponsored by the prestigious Hartford Institute on Insurance Taxation, The Thirteenth Offshore I...

by General Electric Co., was never authorised to leave the state, and in fact never ceased to be a Massachusetts company, Linda Ruthardt had petitioned the court to appoint her receiver of the company. The petition also requested an injunction barrin...

Massachusetts over the EMLICO (Electric Mutual Liability Insurance Co.) controversy was underscored by developments this week. Letters were simultaneously being fired off across the Atlantic on Monday, one from the Bermuda Court to a US district cour...

Long-time chairman of the Insurance Advisory Committee and new chairman of the Board of Governors of the Bermuda College, Brian R. Hall, has warned that executive job production continues to outstrip supply. He conceded that his 1996 prediction that ...

Bermuda a new methodology which represented a major advance in auditing financial statements. The Business AuditSM is over three years in the making and the firm said it represents the latest and most significant enhancement ever of Arthur Andersen's...

International Group (AIG) of Bermuda-based SELIC Holdings Ltd., the parent to Starr Excess Liability Insurance Co., Ltd. Starr Excess Senior vice president, marketing, Clinton N. Greene, is no longer with the firm. It is a signal that the company cou...

(COTY) competition. The gold proof 1996 $60 one ounce Triangular Coin was selected by the judging panel as the overall winner of the 1998 COTY award for 1996 dated coins. Deputy general manager of the Bermuda Monetary Authority (BMA), Marcia Woolridg...

Two competing news agencies which Bermudians depend on for global news coverage may become legally entangled. The Financial Times (FT) reported on Friday that the rivalry took a dramatic twist when it emerged that Reuters faced a criminal inquiry int...