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The Bermuda insurance/reinsurance market is comprised of companies with good fundamentals, supportive regulation and active managers that make it attractive as a place to locate. That is the view of Ted Collins, managing director of Moody's Investors...

A reinsurer leading the legal battle to return Bermuda-domiciled Electric Mutual Liability Insurance Co. (EMLICO) to Massachusetts to face insolvency and allegations of fraud, does not believe that decisions by other reinsurers to settle their differ...

were on the offensive in Massachusetts Supreme Judicial Court last week, as they availed themselves of the last chance to reply to briefs filed by reinsurers. In the running battle between General Electric's liability insurer and their reinsurers ove...

Construction begins early next month on The Longbird Club, a business centre and executive lounge for US bound, pre-cleared passengers at the airport. Principals said yesterday that the new facility could be available to serve a capacity of 60 people...

for $30 million. The 60-room Lodge at Vail and two acres of adjacent development land, all acquired by Sea Containers in 1981, were sold to Vail Associates, Inc., as work proceeded on a 21-room addition to the lodge. Sea Containers president, James B...

Despite the relatively flat performance in local business conditions, the Bermuda market has demonstrated its ability to advance on the strength of a thriving international business sector, Buttress Bermuda Fund shareholders have been told. Financial...

December 1, designed to make the Bermuda insurer more customer focused. XL parent, EXEL Ltd., said yesterday the changes would enhance the insurer's ability to provide solutions to customers' risk transfer needs. The new structure will have four dist...

(EMLICO) from the US to Bermuda, is herself facing a potential prison term for tax offences in the US. Massachusetts state Sen. Dianne Wilkerson, the chairwoman of the Massachusetts legislature's joint committee on insurance, has pleaded guilty to fe...

Bermuda-based Stockton Reinsurance Ltd. has declared record profits of $134,360,000 for the year to March 31, a near 527 percent increase over last year's $25.5 million. The income excludes a near $13.6 million for the minority interest, which brough...

Three French journalists are meeting this week with key players in the Island's financial, insurance and reinsurance industries as the Bermuda International Business Association continues a drive to raise Bermuda's profile in international markets. T...