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be a thing of the past as departure tax for locals and visitors is to be included in airfares, the House of Assembly agreed yesterday. Finance Minister Grant Gibbons won backing for the Passenger Tax Amendment Act which means from October 1, the $20 ...

of property catastrophe reinsurer Tempest Reinsurance Company Ltd., ACE said yesterday. The closing announcement came after ACE shareholders approved the issuing about 13.3 million ACE shares to Tempest Re shareholders. At a special meeting yesterday...

A top member of Reuters' risk management unit urged those in his profession not to use "incomprehensible'' jargon when preparing reports for higher-ups. Gabriel Bousbib, vice president of the risk management unit of Reuters America Inc., said: "Risk ...

Exchange last week. Nine issues closed down, two advanced and two closed unchanged. Long Botham Boats, the company that holds Henry VIII Pub & Restaurant, led declines plunging $1 to close at $2 on volume of 500. Bermuda Home was down 50 cents at $7....

this month, the insurer said. The dividend, one share for every share held, will be distributed July 26 to shareholders of record July 12, doubling the number of EXEL ordinary shares. EXEL currently has 45 million shares outstanding and there will be...

their sixth winner in the employee of the quarter programme. Ms Barclay is the supervisor of the company's purchasing department and has been with the firm for less than two years. She supervises the buying, customs clearance, and costing personnel a...

Exchange. Telco closed down $1.125 at $36 on volume of 605. Issues closing unchanged were; Bank of Butterfield, $10.125, 7,713, Belco, $19.75, 2,059, Argus, $10.50, 2,253, BF&M preferred, $8.75, 502, and Bank of Bermuda warrants, $2.25, 426. The inde...

favour of a rate restructuring. The move means domestic customers will pay an average increase of 2.2 per cent. That represents a monthly increase of between $1.39 and $3.10, depending on consumption. And commercial users will see an average decrease...

in Bermuda (IOD) will cater to service providers who do not have accounting backgrounds, the organisation said yesterday. "In the past, we have offered several Directors and the Law courses which have been oversubscribed and which have been very succ...

981.06 yesterday. Telco, the only issue to trade, closed up $1.875 at $37.125 on volume of 500. Value of trading was $18.562.50.