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Setting up an investment service offshore can be a risky and costly business as Alaska-based McKinley Capital Management found out when it decided to start up one in Bermuda. It took two years, 360,000 air miles of travel, a lot of money on lawyers, ...

It's a truism to say technology is breaking down international barriers. The Internet has allowed waves of entrepreneurs to set up a variety of businesses to market their wares across borders and legal barriers with impunity. And it's troubling legis...

Telephone Co. Ltd. is aggressively pursuing more customers. Today the company unrolls its new plan of action in the cellular sector. After cutting its telephone sales section at headquarters on Victoria Street this summer the company has signed up fi...

Dr. James King is the Bank of N.T. Butterfield and Son's new chairman of the board. He succeeds Sir David Gibbons who left the board in compliance with a bank rule requiring retirement at age 70. Sir David has been board chairman for the past 11 year...

has filed a suit against eight members of the cooperative's executive committee. The supermarket closed last week at its Union Street location after 17 years in operation as it was unable to continue paying back its $500,000 in debts. Mr. Issac was a...

Bermuda-based IPC Holdings, Ltd. reported profits for the third quarter ended September 30, 1997 of $25.5 million, or 96 cents per share, an increase of about 33 percent over the same period last year. Net income for the first nine months of the curr...

In an increasingly competitive world of property catastrophe reinsurance, Bermuda-based Renaissance Reinsurance Ltd. believes its $8 million investment in computer technology is helping keep the company away from disasters. There are six vendors of o...

Investors are in for a wild ride over the next few months with international stock markets expected to keep bouncing around, local analysts are predicting. Those who were smart have already taken their profits and run before the markets began plungin...

Workers Society yesterday closed down the Co-Op Supermarket after 17 years of operation at its Union Street location. About 30 full and part-time staff will be laid off. A prepared statement by the co-operative executive stated that the 1,300 members...

Declining premium income has led Bermuda-based RenaissanceRe Holdings Ltd. to look for extra business in the primary insurance market. For the nine months to September 30, RenaissanceRe wrote gross premiums of $215.6 million, a decline of 15 percent ...