76674 results returned for search: "" category "Business"
Massachusetts Insurers Insolvency Fund over the failure of Bermuda-based Electric Mutual Liability Insurance Company (EMLICO), the Boston Globe reported.
The finalising of such an agreement removes the Fund's alarm over the insolvency of EMLICO, whic...
DATE: Oct 21, 1996
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AUTHOR:
David Fox, Business Editor
terrorism, is unique in the UK insurance market because it has only one retrocessionaire, her Majesty's government, the mutual's chief executive Leslie Lucas said ion Friday at the final day of the Reinsurance Congress at the Hamilton Princess.
Pool ...
DATE: Oct 21, 1996
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Bank of Butterfield gained 25 cents closing at $9.50 and Bermuda Home was up 12.5 cents at $8.
Staples preferred fell 50 cents closing at $8.25 and Belco was down 25 cents at $19.25.
Issues unchanged were Bank of Bermuda, Bermuda Commercial Bank, Ber...
DATE: Oct 21, 1996
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policies to cover firms for sexual harassment.
President of Cincinnati Financial Corporation in Fairfield, Cincinnati, Robert Morgan, speaking at the 10th International Reinsurance Congress at the Princess Hotel, said that insurers will be affected m...
DATE: Oct 19, 1996
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AUTHOR:
David Fox, Business Editor
out the mess it's made with the tourism industry, Leader of the Opposition PLP Jennifer Smith yesterday told The Royal Gazette .
"But finally somebody's stepped in to help,'' she said.
"The hopeful sign is it appears Government is admitting it finall...
DATE: Oct 19, 1996
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volume of 1,400, valued at $44,180.
Belco nudged the index higher, trading up 25 cents at $19.25 on volume of 200.
Telco was unchanged at $33.50 after 1,200 stocks changed hands.
DATE: Oct 19, 1996
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before it is too late to join the 20th century, the 10th International Reinsurance Congress was told yesterday.
Marty Dolan, executive director of Lehman Brothers International in London, predicted that more sweeping changes for the insurance institu...
DATE: Oct 19, 1996
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CATEGORY:
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AUTHOR:
David Fox, Business Editor
The Securities and Exchange Commission (SEC) has designated the Bermuda Stock Exchange (BSX) an offshore securities market, the exchange said yesterday.
The designation, known as a DOSM, gives locally-listed securities resold through the BSX a safe h...
DATE: Oct 18, 1996
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American law partner Steven Schwab of Rudnick & Wolfe provided an overview of a burning issue in the US involving IBNR (Incurred But Not Reported) loss.
A line item on the liability side on cedants' and reinsurers' balance sheets was in the spotlight...
DATE: Oct 18, 1996
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A British Court of Appeals decision handed down against a Bermuda company, Mutual Reinsurance Company Ltd., has been highlighted as a prime example of the new ground that has been broken recently involving insurance insolvencies.
Roger Enock, partner...
DATE: Oct 18, 1996
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
