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Key indicators compiled by ratings agency, Standard & Poor's (S&P), show the real effects Bermuda had on the reinsurance industry during the early 1990s when billions of dollars flocked here to form nine companies that reinsured catastrophe risks. A ...

Leading mail systems provider, Pitney Bowes Inc., has signed sole distributorship rights for the Bermuda market with A.F. Smith. A.F. Smith chairman Tony Smith said the new relationship is a perfect fit for his company's sales growth strategy and he ...

Tempest Re, the Bermuda-based property catastrophe reinsurer it purchased last year. The three year old `cat' reinsurer gives ACE a foothold in both the reinsurance and property catastrophe markets, providing another avenue for expanding its client b...

third quarter of 1996 is compared with the same period a year before. Consolidated figures from the Bermuda Monetary Authority show total assets climbed from the $12.148 billion listed for the third quarter of 1995 to $13.327 billion for the third qu...

acquisition of a leading offshore investment house with $800 million under management and membership on the London Stock Exchange. It is a significant development in the bank's programme, under senior vice president of investments Peter Mellor, to re...

Securities analyst Lehman Brothers Inc. has attached a "2'' or "Outperform'' investment ranking to reinsurer RenaissanceRe Holdings, and said the reinsurer's programme to buy back millions of its own shares will reverse a declining earnings trend. Th...

LaSalle Re Ltd. has been awarded an OBE in the New Year's Honour's List, becoming a Member of the Order of the British Empire. Victor H. Blake's award, made public in London earlier this week, comes after long service to the insurance industry, with ...

Police believe the business of cycle thefts is under control, and new efforts toward more arrests will decrease the problem. But with the convenience of a cycle in Bermuda traffic, even during winter weather, motorists are continuing to take advantag...

companies, a long standing insolvency practitioner has said. Charles Kempe said current procedural requirements are outdated, and some could be done more expeditiously. The chartered accountant is retiring from the Ernst & Young's Bermuda office, Kem...

Six new international insurers were incorporated here last month, bringing the total number of new arrivals for the year to 82, against 29 that were de-registered. By the end of November, registered insurers had grown to 1,454, an increase of 59 over...