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(BUEI) have surged to $18 million. But BUEI chiefs didn't bat an eyelash in comparing the real cost with the initial $10-million scheme. The concept has evolved into a much more sophisticated project than originally envisaged some six years ago. BUEI...

New legislation before the Senate, together with more staff for the Department of Telecommunications will make the process by which long distance carriers apply to the authorities to lower rates, less onerous, the Technology and Information Minister,...

Lawyers yesterday filed final briefs with a trial court judge in Superior Court in Massachusetts, who will decide if reinsurers can proceed with an application for judicial review of the state insurance regulator's decision to allow the redomesticati...

subscribers 15 percent savings on all overseas telephone calls. The MarketPlace was the first customer. Executive vice president Allan Doughty cut a symbolic ribbon. Bewildered mid-morning shoppers in Hamilton were pitched US-style marketing, as long...

budget are the near 1,199 percent increase in annual fees, and the near 548 percent increase in initial registration fees for class four insurers and reinsurers, scheduled to begin April 1. Fee increases will help pay for closer scrutiny of (re)insur...

posted a sixth consecutive year of improvement in its financial condition, as total assets rose 16 percent to $436.8 million and capital and surplus improved 19 percent to $386.8 million, both record levels. Net income declined 16 percent as a result...

The Bermuda liquidators of Electric Mutual Liability Insurance Co. (EMLICO) yesterday rejected allegations that they gave advice to the company months before it moved to Bermuda and was put into liquidation. The allegations were made by EMLICO reinsu...

Bermudian joint liquidators for Electric Mutual Liability Insurance Co. Ltd. and the Massachusetts Division of Insurance (DOI) by calling it "another back room deal''. Although the Bermuda Class 3 insurer, its principal policyholder General Electric ...

Bermuda resident US taxpayers will for the first time in many years have no opportunity to meet an IRS representative at the US Consulate General to assist them in the filing of their tax returns. The Consulate said on Friday that budget cuts were to...

Responsibility) guaranties continue to show member loyalty to the Shoreline programme, president Simon Scupham argued yesterday. Mr. Scupham said the statistics show that Shoreline accounts for 38.3 percent of the commercial guaranty market. He said,...