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investment manager E.T. (Bob) Richards is going independent again. Mr. Richards yesterday said Bermuda Asset Management Ltd. (BAM) has terminated its affiliation with Invesco. The decision was reached by "mutual agreement'', he said. "It was time for...

Insurance giant XL Capital Ltd. and the Bank of Bermuda Ltd. have teamed up with Morgan Stanley Dean Witter & Co. and Micro Modeling Associates to create an Internet-based software system for measuring risky investments. Measurisk.com gives pension p...

effects on insurers and reinsurers is being held in Bermuda next week. Chicago-based law firm Lovell, White, Durrant is hosting the one-day Year 2000 (Y2K) workshop to get the industry up to speed on how to handle claims arising from the problem. Abo...

allegations by some Staples Holdings Ltd. shareholders that it mismanaged the buyout of Chips Ltd. "We don't have any comment about the story,'' a bank spokeswoman said. More than 290 holders of preferred shares in Staples Holdings Ltd. have been tol...

Lehman Brothers, has set up offices on the Island with a staff of four at the new building on Reid Street near the Bank of Butterfield head office. Another 31 staff are based outside the Island at Lehman Risk Advisors in New York. The Bermuda office ...

by Everest Capital Ltd., giving the company a much needed boost after a spate of losses in the Russian market last year. Soros Fund Management LLC, a $14.5 billion hedge fund group, allocated the money to Everest Capital, whose two hedge funds lost 4...

Friday is the deadline for firms or individuals to submit their tender proposals to the Ministry of Finance in the bid to get the job of drafting the legal framework for the development of electronic commerce in Bermuda. Out of the lot the Ministry w...

weighed down by debt it was no longer a viable business concern and the company was now considering its options. Staples chairman Bill Midon stated the company had come to such dire straits because of the structure of the deal to buy competitor Chips...

Shareholders of Staples Holdings Ltd. are meeting today at the company's annual general meeting to discuss proposals to put the office and medical supply retailer back on a firm financial footing. In the face of financial difficulties Staples earlier...

Bermuda needs to get on the electronic commerce highway -- fast -- or the Island will lose out to other more vigorous competitors in what is predicted to become a $1 trillion industry, technology consultant James Martin said yesterday. "If Bermuda do...