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bundled service packaging, as officials indicated the company will provide a less expensive service than is provided in North America. The company has also just improved service by expanding the cellular service coverage. A new cell site was recently...

protectionism by bringing joining fees for local trading members in line with those for exempted companies. And while it will mean a substantial increase in fees, local companies have a remaining window of opportunity for the lower rate through the e...

An influential Bermudian insurance figure has been named as a defendant in a lawsuit that centres around the $1.8-billion sale of Johnson & Higgins (J&H) to rival broker and captive manager Marsh & McLennan Cos. Inc. (MMC), earlier this year. Chairma...

Gazette and Mid Ocean News , improved 73 percent to $1,629,281 or $1.12 per share for the year to September 30. But President and director Roger Davidson said it remains short of a satisfactory return on shareholders' equity. He said revenue of $20,2...

A controversial experiment to provide Caribbean Hotel Association (CHA) member properties with less volatile rates for catastrophe cover has failed. Bermuda-based CHA Insurance Co. Ltd. (CHAIC) said yesterday it had thrown in the towel because Caribb...

yesterday went on display at the Bermuda Monetary Authority (BMA), in a week-long exhibit opened by Premier Pamela Gordon. The Bermuda Hogge money coins, six of which were purchased by the Authority and 19 of which are on loan from the Department of ...

ACE Ltd. aims to increase its share of capacity on its managed syndicates to more than 50 percent in the short term and not by 50 percent as was reported in Monday's Business section. Bermuda-based insurer, ACE Ltd., has substantially increased the c...

city law firms, face varying arrangements with respect to compensation and their "lame duck'' period of employment. News of the redundancies brought Government's Labour Relations Officer to the law firms for discussions. That was confirmed by Hallett...

Bermuda-based reinsurer, Mid Ocean Ltd., has declared net income of $245 million for the year to October 31, a 16 percent increase over the year before. The results were announced amid stated concern from the company's chief executive that some compa...

acquisition of Bermuda-based Sphere Drake. The closing caused Standard & Poor's (S&P) to raise the claims paying ability and counterparty credit ratings on Sphere Drake Insurance Plc and Sphere Drake Insurance (Bermuda) Ltd. to single-`A'-minus from ...