The Bank of Bermuda, whose gross losses due to fraud over the last five years are in the region of $90 million, came close to being exposed to one of the biggest offshore scandals in recent times, if a suspected
Arthur Andersen's Bermuda registered captive, Professional Services Insurance Company Ltd., is seeking to enter into a Scheme of Arrangement with its creditors.An order was issued at Bermuda Supreme Court on November 14, 2002 granting the firm's application to meet with