GLF
One of Bermuda's premier charity events is under threat after the withdrawal of the main sponsors. Insurance giants Ace Limited announced that they would not be sponsoring this year's Celebrity Golf Classic, due to be held at the beginning of June. ---- Page 2 HRC ENDS PROBE INTO OFFICER DIS POL HRC ends probe into officer The Human Rights Commission has completed an investigation and internal hearing into the case of a Police Sergeant accused of sexual assault. But officers were last night remaining tight-lipped on the judgement handed down after last Friday's mini-trial in Hamilton. ---- Page 3 MID OCEAN POSTS STRONG RESULTS BUC Mid Ocean posts strong results First quarter net income for Bermuda reinsurer, Mid Ocean Ltd., jumped 23 percent to $63.7 million in contrast with the 0.2 percent increase in the net operating income to $49.4 million. ---- Business, Page 9 BANK'S PRIVATE BILL TABLED BUC Bank's private bill tabled The Bank of Bermuda private bill to break free from the Island's law prohibiting foreign ownership above 40 percent in a local company was tabled in Parliament yesterday. Finance Minister Grant Gibbons, while not openly supporting the grant of exemption, said he believes the bank has a good argument for not having the 60/40 rule applied to it. ---- Business, Page 9