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income to $2.5 million, reports Ahmed ElAmin . Mr. Johnston believes the way has been paved for steady growth For the second year in a row the Bank of N.T. Butterfield and Son Ltd. has had to take millions of dollars in one time charges against its ...

Bermuda-based political risk insurer, Sovereign Risk Insurance Ltd., has exceeded its business targets for the first year. And the joint venture has begun its second year of life with substantially larger project and country limits, as well as expand...

said its planned purchase of reinsurer Mid Ocean Ltd. was approved by shareholders of both companies. Hamilton, Bermuda-based Exel, which holds 26.82 percent of Mid Ocean, is paying about $2.1 billion in cash and stock for the portion of the company ...

be coming to a close. The Bermuda Telephone Company has until the end of today to submit its final arguments to the Telecommunications Commission as to why would-be rivals Quantum Communications should not have a licence. The dispute began two months...

named to the organisation's top post. Tourism Minister David Dodwell and Bermuda Hotel Association president Dennis Tucker made the announcement of Eugene Blakeney's appointment to VIP chairman yesterday. He succeeds W.A. (Toppy) Cowen who stepped do...

announcing an airline ticket sale. The discount tickets must be bought by August 13 and will be good for travel between September 8 and October 31. The prices are as follows: Passengers can fly American Airlines weekday flights to New York for $181 ...

share, for the quarter ended June 30, about $3.3 million less than for the same period last year. For the first six months of the financial year the company made a profit of $50.9 million, about $2.1 million less than the same period 1997. IPC presid...

holiday week on Wednesday at 1,568.23 on a volume of 47,453 shares valued at $856,526 and bonds at $29,454. The FT/BSX Indurance Index closed down 44.42 points or 4.63 percent. Bermuda Computer Services gained 20 percent, or $2, to close at $12 on vo...

The export of encryption software programs remains an issue in the United States. The US Government has banned the importation of such programs overseas unless the companies first provide government with a "key'' to decode the encryption. The FBI and...

trouble-hit Bermuda Telephone Company has finally been completed. Last night Home Affairs Minister Maxwell Burgess confirmed he had received a copy of the report, compiled by an independent Board of Inquiry. The inquiry team was set up by former Home...