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Phillip Butterfield is set to become the next CEO of the Bank of Bermuda, replacing current boss Henry Smith who will step down next year.
Mr. Butterfield was recommended for the top job by the bank?s board of directors, who yesterday made their succ...
DATE: Nov 20, 2003
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The insolvent Bermuda insurance company, First Virginia Reinsurance, has been ordered to wind up in the Bermuda Courts.
The company, which has shortfalls of between $79 million and $111 million, was set up in the 1980s as a reinsurance vehicle for he...
DATE: Nov 20, 2003
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Questions have been raised in an industry magazine about the validity of a Nevis-registered reinsurer which claims it is trying to open up in Bermuda.
Certrusia Reinsurance Co Inc. is a new reinsurer which came to light last week when it issued a pre...
DATE: Nov 20, 2003
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Leading rating agency AM Best yesterday affirmed the financial strength ratings of the Zurich Financial Services Group, but said it was keeping a close eye on Zurich?s Bermuda-based subsidiary Centre Solutions Ltd. after its ?weak performance?.
Much ...
DATE: Nov 20, 2003
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Philip Butterfield is set to take on the Bank of Bermuda?s top post just four years after joining the organisation.
A Bermudian, Mr. Butterfield, 57, was posted to his current position as chief operating officer in 2001 but joined the bank the year b...
DATE: Nov 20, 2003
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AT&T yesterday launched two new gadgets which it claims will make it the fastest dial-up service in Bermuda.
They offer new cards which can be plugged into a laptop allowing access to the Internet without the use a land line.
The new modem cards and ...
DATE: Nov 19, 2003
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An American who wired close to $6 million in fraudulent funds to an account at the Bank of Bermuda, was found guilty in a US court on Friday of numerous counts of wire fraud, mail fraud, money laundering, conspiracy to evade taxes and the filing of f...
DATE: Nov 19, 2003
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With all the talk of using biometric devices to read fingerprints as one a means of verifying identity its sobering to read a letter by Ton van der Putte, co-author of “Don't Get Your Fingers Burned”, who claims he can now duplicate a lifted fingerpr...
DATE: Nov 19, 2003
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AUTHOR:
Ahmed Elamin
Writs
• A writ has been filed in the matter of the law reform (husband and wife) Act 1977 And In the matter of certain property known as and situate at 5 Ingham Drive Pembroke Hamilton Bermuda between: Joanne Marguerite Wellman and Paul Anthony Wellm...
DATE: Nov 19, 2003
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 52.04 points to close at 2,801.19 while share volume stood at 18,771.
The highest volume of trading came from LOM (Holdings) Limited with 15,000 shares changing hands while the investmen...
DATE: Nov 19, 2003
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