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There's a lot of uncertainty about how much the Year 2000 computer problem will cost the insurance and reinsurance industry, but everyone is attempting to write in exclusion clauses to protect their bottom lines. Even with the exclusion clauses, howe...

The Bank of Bermuda is considering whether to shift management of its equity funds over to J.P. Morgan Investment Management. Earlier this year the bank appointed the firm to manage its four bond funds, in the process making three investment staff re...

A year after purchasing a majority stake in local start up Quantum Communications Ltd., electric utility Belco Holdings Ltd. is considering whether to sell its share of the telephone company. Belco president and chief executive officer Garry Madeiros...

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...

executives at the Bermuda Telephone Co. Ltd. (BTC) puzzled. Ms Webb has stated that after reviewing the report by the Telecommunications Commission, and despite a judgment in Supreme Court in favour of BTC, the company is still obliged to provide a c...

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...

bad. Mr. Card, who is based in Toronto, had written the original draft research on proposed electronic commerce, and seemed all set to be placed in a consultant's role to lead the charge. Mr. Card's June 30, 1998 draft document was submitted to then ...

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 ...