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The Bermuda Insurance Symposium reconvenes this morning at the Southampton Princess Hotel for a second day of deliberations on issues affecting the insurance and reinsurance industry. Symposium chairman Robin Spencer-Arscot yesterday led off the firs...

Guernsey-based Wilde & Co. Group for a new Guernsey branch operation for Mutual Indemnity (Bermuda) Ltd. (MIL) and a new captive operation, Mutual Risk Management (Guernsey) Ltd. MRM (Guernsey), will provide traditional captive management operations ...

reinsurers will continue toward more consolidation in the future, with mergers and acquisitions. That was the view espoused by chairman of Centre Reinsurance Companies and Zurich Reinsurance Centre Holdings, Steven Gluckstern, during panel discussion...

Tough, new legislation to improve controls against money-laundering will be finalised through a joint effort of the Ministry of Finance, the Attorney General, the Ministry of Labour, Home Affairs and Public Safety, together with the Bermuda Monetary ...

Government analysts predict further growth in Bermuda's economy during the year, with nominal growth in gross domestic product (GDP) projected at five percent. That was the assessment of the 1996 Economic Review, a document prepared annually by the M...

Finance Minister Grant Gibbons yesterday confirmed that public accounts will adhere to new accounting standards as of the consolidated fund financial statements for the year to March 31, 1995, which are now being prepared. But he did not see unfunded...

On the eve of the presentation of a new Government budget, just-released figures for the fiscal year ending nearly three years ago show a government need in future years to raise taxes to pay for significant, unfunded expenses. The latest financial s...

chairman of Centre Reinsurance (Bermuda) Ltd., Steven Gluckstern has said. Doubling as chairman of Centre Reinsurance Holdings Ltd., Mr. Gluckstern also noted in a telephone interview from his New York office that real breakthroughs in the attempts t...

to adhere to underwriting discipline, a local reinsurer has said. President and CEO of IPC Re, John Dowling, expressed concern that market competition and rating softness has led some reinsurers to write some business that may have been unwise. Local...

insurance can grow. Significant capital inflows to Bermuda are bringing new specialty vehicles to the Island that are being demanded by the global market at a breakneck pace. Chairman of the insurance industry's marketing committee, Roger Gillett, sa...