1110 results returned for search: "" category "Other" author David Fox, Business Editor
million last year to $141 million, when compared to the more heavily regulated exchange control era of 1993.
But the Bermuda Monetary Authority (BMA) believes that is an acceptable level of currency drain and officials point to the substantial gains ...
DATE: Apr 09, 1997
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AUTHOR:
David Fox, Business Editor
How many Bermuda restaurants can claim to have had former US presidents as dinner patrons? We know of at least one at the East End, Dennis' Hideaway.
But long-time owner Dennis Lamb is now seeking an investor to help prepare the institution for the 2...
DATE: Apr 08, 1997
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AUTHOR:
David Fox, Business Editor
Bermuda's balance of payments was an estimated $125 million in surplus on current account for 1996, $22 million or 14.9 percent less than for 1995, the Bermuda Monetary Authority (BMA) has reported.
The Authority's fourth quarterly report for 1996 al...
DATE: Apr 02, 1997
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Other
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AUTHOR:
David Fox, Business Editor
A US article that criticises last July's amendments to the Companies Act has been called "a scurrilous piece'' by a leading local lawyer.
The article, headlined "Bermuda makes it tougher on creditors'', appeared in a new Miami-based publication "Offs...
DATE: Apr 01, 1997
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Other
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AUTHOR:
David Fox, Business Editor
Massachusetts Senator Dianne Wilkerson said there is `something very, very fishy going on here. You don't do this if you have nothing to hide. My gut tells me it is so bad they don't want any of these documents to see the light of day.' A Massachuse...
DATE: Apr 01, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
to Texas have filed suit against the firm.
Peter G. Leighton, who together with Israel resident Jeremy T. G. Posner, resigned as directors of Intelect Communications Systems Ltd. last week, has now filed suit against the company in the Bermuda Suprem...
DATE: Mar 27, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
A leading insurance trade publication has now pointed an accusatory finger at the Bermuda Government in the controversy surrounding General Electric Company's (GE) Bermuda-domiciled insurer, EMLICO (Electric Mutual Liability Insurance Co.).
Business ...
DATE: Mar 26, 1997
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AUTHOR:
David Fox, Business Editor
energy business is being run through a new Zurich Insurance Co. branch, the Zurich Insurance Group said this week.
The new agency will provide energy companies with access to large-scale capacity and multi-year commitments, including blended programm...
DATE: Mar 26, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
The Bermuda Foundation for Insurance Studies (BFIS) may reach its $7.5-million fund-raising target by the end of the year -- a mere eight months after the scheme's launch.
And BFIS chairman and chairman of Johnson & Higgins (Bermuda) Ltd. Bryan Hall ...
DATE: Mar 26, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Four years after joint liquidators began implementing a court-sanctioned scheme of arrangement for Mentor Insurance Ltd. (in liquidation), they have declared another five cents on the dollar in dividends to scheme creditors, representing a further di...
DATE: Mar 25, 1997
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
