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record high of 1,402.6111, as four issues traded, involving 4,284 shares, valued at $94,912.25. The index closed as it opened Tuesday, at 1,401.42, as one issue declined and three remain unchanged. Bank of Bermuda at $28.50 after a volume of 3,000, B...

International company spending and the mini-boom in construction have kept the Bermuda economy humming along. Construction spending is estimated to have grown 70 percent in the Government's 1996/97 fiscal year to March 31, fuelling a surge in the pro...

A controversial experiment to provide Caribbean Hotel Association (CHA) member properties with less volatile rates for catastrophe cover has failed. Bermuda-based CHA Insurance Co. Ltd. (CHAIC) said yesterday it had thrown in the towel because Caribb...

The next step for Bermuda's insurance/reinsurance sector will be adjusting to the new emphasis on electronic commerce, a new report has said. Global Reinsurance Analysis 1997, prepared by Guy Carpenter & Co., Inc., noted how the Bermuda reinsurance m...

Reassurance d'Ile France (Corifrance). Corifrance is the new subsidiary of the Bermuda-based Terra Nova Group, whose Terra Nova Insurance Co. Ltd. of London, England was the subscriber of the additional capital. The capital and free reserves of Corif...

Financial Ltd., bringing with him seven years of global investment banking experience. He will direct a new management focus to expand the investment advisory ranging from mutual fund sales to discretionary asset management services. The company will...

financial products underwriting resource group. The new unit will develop and underwrite various financial products, such as Foreign Currency Exchange contracts. The unit will be headed by Bermudians Ricky Lines and Michael Rego, who joined XL last w...

high to close at 1,401.42 yesterday, as 21,810 shares at $423,414.75 traded. The downward movement came as a result of a 25 cent decline to $5.125 of the Bermuda Commercial Bank on trading of 410 shares. Banking sector issues were the only ones activ...

ACE Ltd. aims to increase its share of capacity on its managed syndicates to more than 50 percent in the short term and not by 50 percent as was reported in Monday's Business section. Bermuda-based insurer, ACE Ltd., has substantially increased the c...

total of 22.654 points or 1.62 percent to close at 1,402.6111, as 116,006 shares traded, valued at $1,871,545.50. Advancers led decliners six to one for the week. More than 25,000 Bank of Bermuda shares traded as the price rose $0.375, along with nea...