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week, but president and CEO, John Tugwell, quashed speculation that hundreds of jobs could be on the chopping block and denied the bank was in turmoil. But he could not deny that others may have to go. Heading the list of those leaving is the bank's ...

Nineteen months after selling Pure Water to Watlington Waterworks Ltd. subsidiary, Bermuda Waterworks Ltd., Allan Marshall, has now left the company and purchased a portion of the water treatment services division of Bermuda Waterworks. Bermuda Water...

Company unveiling new pension products that they emphasised will provide far greater yield than existing pension plans in the Bermuda market. It comes just a day after the Bank of Bermuda jumped into Bermuda's lucrative pensions game, in advance of n...

prosper because it is based on the type of quality service Bermudians have a history of providing, a Government Minister said yesterday. Minister for Technology & Information John Barritt told a Bermuda Small Business Development Corporation (BSBDC) ...

pensions initiative in advance of pending new laws forcing the establishment of pension plans for all local businesses. The move by Government could effectively create what could be a billion dollar market early in the new century. A second new pensi...

enable it to develop its business in continental European markets. Terra Nova said yesterday it had acquired all of the issued and outstanding shares of Paris-based Compagnie de Reassurance d'Ile de France (Corifrance) through the French subsidiary o...

Bermuda-based reinsurer, Mid Ocean Ltd., has reported a 42 percent increase in net income for the third quarter ending July 31 to $65.5 million ($1.72 per share) on revenues of $169.3 million, up 26 percent. Gross written premiums were down two perce...

Bermuda reinsurer specialising in the Latin American market. XL Global Re (the former XL Re) is a subsidiary of Bermuda-based EXEL Ltd. and recently underwent a name change to reflect EXEL's acquisition of property catastrophe reinsurer, Global Capit...

Executives involved in the formation of a new, Bermuda-based, dedicated vehicle for the specialist needs of the mining industry, have developed a potentially lucrative sideline in writing a political risk product. Bermuda-based Mining Insurance Ltd. ...

Liability Insurance Co. (EMLICO) have told a Massachusetts court that a settlement agreement, proposed for EMLICO by the state's insurance regulators, is "the best vehicle to achieve an orderly liquidation'' of the company. The court may rule later f...