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Securities and Exchange Commission (SEC) for a secondary public offering of ordinary shares. All of the shares being offered are restricted shares owned by the original shareholders of the company. The number of shares to be offered have not yet been...

Despite a soft casualty market, Bermuda-based specialty lines underwriter Sphere Drake Underwriting Management (Bermuda) Ltd. (SDUMBL) still recorded a more than 35 percent increase in net premiums written for the three months ending June 30, when co...

quarter profits declined marginally compared to the same period last year. For the three months ending June 30, the company made $1.62 million compared to $1.68 million earlier. "While net income is largely in line with the corresponding prior quarte...

Five years ago, rookie insurance broker Ms Kim Ramona Wilkerson CPCU, took her boss to lunch and pressed him for a promotion. Some six months later she was assistant vice president at Sedgwick Management Services (Bermuda) Ltd., the Bermuda insurance...

Estate is to be sold at auction. The 24-acre estate near Somerset goes under the hammer on October 21, on instructions from entertainment mogul and owner Mr. Robert Stigwood. Bermuda Realty Co. Ltd. is advertising the auction, with photographs of the...

The exchange closed down 7.45 points or .72 percent at 1,023.30. BF&M preferred closed down 50 cents at $8.50 on volume of 600. Bank of Bermuda dropped 25 cents to close at $18.25 on volume of 9,397. Bank of Butterfield closed down 25 cents at $11.50...

to fraud that involved millions of dollars, could be back on the streets by the end of next year. And a leading Bermudian chartered accountant, Mr. David Lines, has declared that the Habib matter is still not fully resolved. Habib, a former Bermuda b...

repairs. The motor vessel Balaton has main engine problems and requires repairs to her superstructure, Capt. John Moore of Meyer Agencies Ltd. said yesterday. The tug Alexandria was pulling her to Bermuda from a point 360 miles southeast of the Islan...

yesterday as seven issues traded. BF&M preferred closed down 50 cents at $8.50 on volume of 600. Bank of Bermuda dropped 25 cents to close at $18.25 on volume of 763 while Bank of Butterfield closed down 25 cents at $11.50 on volume of 4,344. Bermuda...

Glamis Gold Ltd., a Vancouver mining company, "continues to be financially inadequate.'' Eldorado's board of directors' decision to reject the revised offer for the company's common shares, 8.25 percent convertible debentures and special warrants wa...