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change to its corporate structure -- setting up a holding entity to position the company for possible future acquisitions. BTC deputy chairman Cummings Zuill said while no acquisitions are planned at the moment, the board saw the need for a holding c...

Eight local businesses taking part in a Government-sponsored pilot project have signed a commitment to continue with training programmes for their employees. At a ceremony at Stonington Hotel last night the businesses received certificates issued by ...

Faced with a plummeting share price Bermuda-based Stirling Cooke Brown Holdings Ltd. has announced a repurchase programme of up to 250,000 of its ordinary shares. Stirling Cooke's share price has fallen from a high of $30 in April to about $11, a 63 ...

Centre Solutions (Bermuda) Ltd. yesterday assured investors the company is not expected to suffer any losses under its catastrophe bond issue due to Hurricane Georges. Bermuda-based Centre Solutions issued $83.57 million worth of catastrophe bonds un...

Entrepreneurs now have a place to get an injection of venture capital under a joint programme set up by The Bank of N.T. Butterfield and Son Ltd. and the Bermuda Small Business Development Corp. Under the programme the Bank of Butterfield will provid...

Exel Ltd. has entered a joint venture with Financial Security Assurance Holdings Ltd. (FSA) to create two new Bermuda-based financial guaranty insurance companies. The two new companies will each have a minimum capitalisation of $100 million. One com...

I have made a long distance telephone call from my regular telephone handset over the Internet to a friend in Canada. I've heard the sound of the Internet and it is clear. Yep, the end is nigh for long distance telephone companies as we know them. So...

Bermuda Stock Exchange chairman Arthur Sculley is taking advantage of two conferences beginning on the Island today to launch an electronic management service for asset backed securities. Mr. Sculley is chairman of IntraLinks, Inc., an electronic doc...

Bermuda's banks and deposit companies held total assets of $16.62 billion at the end of second quarter 1998, a 5.3 percent increase over second quarter 1997 according to figures released by the Bermuda Monetary Authority (BMA). The figure was 5.7 per...

at two major conferences being held in Bermuda next week on the issuing of securities based on assets such as credit card transactions, mortgages, and insurance risk. About 1,600 delegates are due to arrive on the Island for the two competing confere...