Mid Ocean Ltd. has posted net income of $52 million for the first quarter to January 31, a 10.1 percent decrease over the same period the year before.
Earnings per share dropped from $1.57 to $1.43 fo...
taken by The Shipowners Insurance and Guaranty Co. Ltd. (SIGCo) in the commercial Certificate of Financial Responsibility (COFR) market.
SIGCo was incorporated to provide COFR guaranties to the US Coa...
the majority interest in the local insurance and shipping agency company, Harnett & Richardson Ltd. (H&R), together with the sale of prime Front Street real estate.
The parties were said to have initi...
Belco Holdings is set to sign an agreement to build a $3 million "west city sub-station'' at the development site for the PW's waterfront, ensuring power to the west end of the city.
It ends a long ru...
to December 31, up 10.35 percent from 1995. Earnings per share surged from $3.04 to $3.31.
And utility officials are forecasting a relatively dramatic increase in the demand for electricity over the n...
For the first time in its history, the Bermuda Electric Light Company will return $1.5 million in surplus revenue to its customers.
This gesture of goodwill is not unprecedented, according to Belco Ho...
(EMLICO) in Bermuda, against the wishes of angry reinsurers who believe EMLICO's redomestication from Massachusetts should be reversed.
The reinsurers reacted to the news last night by saying yesterda...
Electric Mutual Liability Insurance Company (EMLICO) over their controversial move from Massachusetts to Bermuda, has settled with EMLICO's liquidators and General Electric Co. (GE), EMLICO's principa...
operations by closing some of its smaller outlets, without the loss of jobs.
Closures include shops at the Princess Hotel, Elbow Beach Hotel, Marriott's Castle Harbour Resort and Crystal Caves.
Presid...
premiums for the year to December 31, driving profit up 41.7 percent to $64.9 million or $2.70 a share.
The company's fourth quarter net income jumped 46.9 percent to $15.3 million, with after tax ope...
