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Provisional estimates for the third quarter of 1997 said Bermuda recorded a balance of payments surplus on current account of $85 million, some $38 million higher than the same period a year before. The estimates put the total balance of payments pic...

Tourism will get an added boost from the international insurance industry in the year ahead, with increased interest from insurance and reinsurance groups in having conferences in Bermuda. Led by the Reinsurance Association of America (RAA), at least...

training and education for the insurance and reinsurance community, is considering the installation of a satellite dish to beam in further courses and programmes. BII Director of training and education, Peter Doyles, said, "We are looking at the poss...

when financial institutions first encounter the cyclical losses of the insurance and reinsurance industries, Mid Ocean Ltd. president and CEO, Michael Butt has opined. He said the much-vaunted advent of securitisation is developing slowly, largely be...

Bermuda's insurance industry is on the verge of historic talks that may lead to the forging of bilateral cooperation initiatives with the New York-based Risk & Insurance Management Society (RIMS). The industry's vehicle for education and training, th...

A Financial Times survey of Bermuda, published last week, focuses world attention on a number of local issues, including declining tourism, the base lands, the McDonald's fast food controversy and the messy legal dispute over the insolvent Bermuda-do...

Nearing the end of his first year as IBF chairman, managing partner of Ernst & Young, Jan Spiering, is intent on bringing more planning to Bermuda's business and socio-economic development. The IBF has established three sub-committees to concentrate ...

Moves are underway to establish cross-market regulatory standards for international insurers and more formal links among regulators from different countries. James Schacht, national director, insurance regulatory practice, Coopers & Lybrand USA, told...

A financial analysis seminar presented by AM Best Co., the College of Insurance and the Bermuda Insurance Institute (BII) this fall, will be the first held outside the US. It will show how rating agencies evaluate insurers and provide ratings that ar...

pensions initiative in advance of pending new laws forcing the establishment of pension plans for all local businesses. The move by Government could effectively create what could be a billion dollar market early in the new century. A second new pensi...