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organisations in the Annual Reports Competition sponsored by the Bermuda Branch of the Institute of Chartered Secretaries Association of Canada (ICSA). Belco Holdings Ltd. won the top prize in the local category, PartnerRe Ltd. won first place in the...

China Automotive Holdings Ltd. has completed its purchase of controlling interest in Bermuda-registered Whimsy Entertainment Co., Ltd. Whimsy is a publicly-traded company on the Stock Exchange of Hong Kong engaged in operating and franchising indoor ...

European Union (EU) code and Organisation for Economic Cooperation and Development (OECD) report on tax harmonisation. Probes into "harmful tax regimes'' by organisations like the 29-member OECD and the EU led to Bermuda discussions with the UK and O...

underwriting branch in London. The move is the latest modification to the company structure since AIG took control at the start of the year and follows the recent re-naming of Dublin subsidiary, Starr Excess Liability Insurance International. In Berm...

The Supreme Court has ordered oil company Esso Bermuda to compensate Alan Doughty Jr. for wrongfully dismissing him at the end of 1997. And in his ruling Chief Justice Austin Ward has pointed out that Bermuda law does not require redundancy pay of em...

across the European Union. The European Economic and Monetary Union (EMU) comes into effect early in 1999, and LOM is positioning itself for the expected dramatic expansion of investment opportunities. The company marked the opening of its second ove...

A California pharmaceutical developer will seek to have its legal domicile moved from Delaware to Bermuda to take advantage of a better tax climate for future earnings. The company, XOMA Corp., said yesterday that its board of directors agreed to the...

avoid a negative impact on the Island's infrastructure, Hamilton Rotarians were told yesterday. Managing partner of accounting and consulting firm, Ernst & Young Bermuda, Jan Spiering FCA, said that more statistics must be collected to ensure planner...

Bermuda-registered American Safety Insurance Group, Ltd.'s third quarter net earnings soared 144 percent to nearly $1.6 million from $655,769 for the same quarter in 1997. And profit for the first nine months to September 30 has jumped 89 percent fro...

Hit by volatility in investment markets and a reduction in written premiums, net income for the first half of the fiscal year for Bermuda-based Stockton Reinsurance Ltd. fell nearly 28 percent to $46.6 million compared to $64.3 million for the same p...