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skyrocketed nearly 90 percent to $92.9 million or $1.82 a share, compared with $49 million or $0.90 a share in 1994's third quarter to August 31. EXEL Ltd. is the parent of X.L. Insurance Company Ltd. and X.L. Europe Insurance, which provide general ...

"powerful testimony'' to the increasing acceptability of Bermuda market security, the island's top insurance regulator told a conference of US regulators in Philadelphia. Registrar of Companies Mr. Kymn Astwood was speaking at a public policy confere...

year to June 30 blames the stock market for the decline in the net asset value per share, which dropped 2.4 percent or $0.24 to $9.93 from $10.17 in the twelve month period. The fund at the end of the financial year had assets totalling $13,553,015, ...

$200,000, what it cost them for the "refocussing'' of its London-based activities nine months ago. The poor operating performance of Butterfield Securities, the London-based investment management and securities broking subsidiary, led to Butterfield ...

allowing it to provide investment advisory and management services to local companies and trustees. Schroders (Bermuda), the subsidiary of leading merchant and investment banking group, Schroders Plc, will be involved at the wholesale end of the mark...

replaced the Englishman with a Bermudian woman. The move came after the firm brought the respected marine underwriter to Bermuda less than nine months ago from London. Mr. Charles Becker told The Royal Gazette yesterday that he felt he had "been trea...

An agreement has been reached to sell upscale women's boutique chain Cecile to the owners of the English Sports Shop chain. But six weeks after the deal was signed between TESS Ltd. and Cecile owner Lady (Ann) Pearman, the two sides have yet to final...

Bermuda-based OIL Insurance Ltd., is proposing substantial improvements to its products, including increases in loss limits. The company has called for a special shareholders meeting next month to consider the fresh initiatives, recommended by the bo...

More than three out of every four dollars that the Bank of Bermuda earns in revenue from Bermuda operations comes from international business. And the bank's total revenues substantially increased by 21 percent, up by $40 million, in the year to June...

first time. Comerica Trust Company of Bermuda Ltd., a subsidiary of Comerica Bank in Detroit, Michigan, will offer trust services for captive insurance companies and offshore mutual funds. The Detroit-based bank said: "Comerica has had an interdiscip...