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Tax relief provided by government to restaurants may be too little, too late -- too late to stop other restaurants from closing their doors. At a time when the Island seems to have more restaurants than ever before, the pie that has traditionally fed...

The former Heddington Insurance executive who was suspended, then sacked from his job in Bermuda over a Texaco race scandal, is now suing his former employers for libel, claiming he was used as a scapegoat. J. David Keough was unceremoniously dumped ...

analyst said, because the activity is driven from finicky overseas investors, more likely to get out of the Bermuda market as quickly as they came in. But Bermuda Investment Advisory Services investment analyst, Mark Melvin, noted yesterday that the ...

The new president of the Institute of Chartered Accountants of Bermuda (ICAB), Coopers & Lybrand Chartered Accountant, George Holmes, will seek the implementation of fresh recommendations for the industry. Mr. Holmes was established as president with...

Bermuda-based property catastrophe reinsurers, PartnerRe Ltd. has reported a $60.4 million profit for the second quarter to June 30, in line with the $60.3 million declared for the second quarter a year ago. It brought to $121.2 million the six month...

Called Compass Points, it rewards the bank's credit card holders with a point for each dollar spent. The new scheme follows the recently announced air miles frequent flyer programme announced by Shell Companies of Bermuda and the Gibbons Management S...

property insurance facility that would provide property cover for public electric utilities globally. The facility, Transform, is underwritten by the world's largest sources of net insurance capacity, and utilises captive insurance company arrangemen...

Bermuda-based Sphere Drake Holdings Ltd. was hit with a loss of $7.6 million for the second quarter to June 30, compared with a profit of $11.4 million for the same period last year. The loss came after the company was forced to add to its reserves, ...

fell 11.5 percent to $16.5 million, due to lower underwriting profits for the three months and higher realised investment gains for the comparative period last year. Net realised investment gains after tax for the six month period were down from $8.5...

The Bermuda Stock Exchange is enjoying a higher profile, with a recent advertising campaign by the Bermuda International Business Association (BIBA) published in the Financial Times. The FT Managed Funds Service pages, which lists Bermuda funds, amon...