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percent increase in 1995 net profit over the year before. They pegged profit for 1995 at $49.6 million. Charting the financial improvement over the last couple of years, the private company is optimistic about its future. In a letter to clients, the ...

A wide cross section of Bermudians were briefed at a morning forum on recent changes to The Companies Act on Friday. The forum was hosted by the Bermuda International Business Association (BIBA), whose Companies Act Amendments Committee is a key reso...

drive that should lead to success in the next century, a leading insurance educator said yesterday. But College of Insurance president Dr. Ellen Thrower challenged individuals during a Bermuda Insurance Institute luncheon at the Princess Hotel yester...

The Bermuda Monetary Authority is set to issue what is believed to be the first triangular coin of legal tender. And the Royal Mint has applied for permission for an additional special minting that could net the Authority additional revenue. Collecto...

Office products company, Staples Holdings Ltd., yesterday reported profits of $1,042,829 ($0.48 a share) for its first year as a public company to March 31, 1996, on revenues of $13.3 million. SHL declared dividends of 45 cents per share payable Sept...

authorities in the Channel Island of Jersey, alleging regulators there sought to cover-up a scandal involving fraud claims. And, Dr. Robert John Young, a British currency trader who headed former Bermuda company Anagram (Bermuda) Ltd. has been arrest...

influential role in the world financial risk management markets into the next millennium because of the Island's development of innovative solutions. Mid Ocean Re president and CEO Michael Butt said: "This will require melding the necessary elements ...

executives will set the tone during the next Bermuda Insurance Symposium in February. Chairman of the sprawling American International Group (AIG), Maurice Greenberg, will deliver the keynote address for the four day event. The 70-year old Mr. Greenb...

Commonwealth Finance Ministers will meet in Bermuda later this month to endorse a comprehensive strategy to combat money-laundering. And delegates at the Commonwealth Finance Ministers Meeting at the Southampton Princess Hotel will also attempt to st...

Bermuda's cat reinsurers are keeping their fingers crossed, watching the movements of Hurricane Hortense, after escaping relatively unscathed from hurricanes Edouard and Fran. While it is still too soon to determine the full brunt of the exposure fro...