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the Island a bad reputation, a leading retailer has said. Businessmen yesterday unanimously supported the view that although cruise line employees have engaged in the practice for decades, it is time they were stopped. Trimingham Brothers president E...

reaction to rate reductions sought by brokers, a leading reinsurer has said. Michael A. Butt, president and CEO of Mid Ocean Re said, "I believe there is good evidence that the Bermuda reinsurers have been behaving very responsibly to this challenge....

Liquidators for failed Bermuda-based reinsurer Stockholm Re (Bermuda) Ltd. (SRB), reported to brokers, policyholders and potential creditors that almost $5 million was collected from reinsurers to March 1996. SRB and their ultimate parent have a conf...

with the intended repeal at year's end of a vexing provision which required early declaration of a portion of income for US tax purposes. And new US taxation rules may also have an effect on how US tax-exempt institutions invest in Bermuda insurers, ...

Wealthy Bermuda residents are consulting advisors on the impact new US tax laws will have on their money. The US, perhaps unlike any other country, taxes citizens and residents on their worldwide income. Even residing abroad does not exempt such peop...

blocking the merger of two international fruit companies. Defunct financial services company Eastbrook Inc. and its dormant parent, Eastbrook Ltd., were named in a suit filed on Thursday by Fresh Del Monte Produce NV and Grupo Empresarial Agricola Me...

US President Bill Clinton signs new measures into law next week that local service providers say could affect the Island's trust business. The industry will be impacted by Monday's removal of a US provision that has protected American beneficiaries o...

Company Limited (EMLICO) meet for the first time next week at Coopers & Lybrand on Church Street. The company was ordered wound up last month by Puisne Judge Richard Ground after a failed bid to halt the proceedings by reinsurers, who alleged deceit,...

The investment division of the Bank of Bermuda Ltd. is establishing a million dollar, global computer system to prepare for the 21st century. In a process that began almost a year ago -- and won't be completed until June of next year -- the bank will...

Island. One left the helm of a special purpose insurer set up to provide catastrophe cover for member properties of the Caribbean Hotel Association. Inside sources said his departure may reap dividends for Bermuda in the long run, if ongoing talks wi...