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Local arts patron and Bermuda land owner, Mr. Christopher Ondaatje, has sold controlling interest in Toronto-based investment banking company, The Ondaatje Corporation, for more than Cdn$45.5 million to Physicians Insurance Company of Ohio (PICO). PI...

it may not proceed with its planend $100 million public debt offering for subsidiary, Sphere Drake Plc. In May, Sphere Drake announced the filing of a registration statement with the Securities and Exchange Commission for the public debt offering. At...

anybody else.' -- Mr. Jack Carter Former US President Jimmy Carter's son, Mr. Jack Carter, has moved to Bermuda as international portfolio manager at INVESCO Global Asset Management Ltd. (IGAM). A hedging specialist and technical analyst, the southe...

Insurance, was the target of a writ filed this week in Supreme Court by Belvedere's former vice president and treasurer, Ms Vanessa Ellen (Johnson) Thomas. The writ is the latest action in a long-running legal battle between Ms Thomas and Belvedere, ...

Island with a host of applications. Widanet, a radio-based data communications system, now being installed by Telecommunications (Bermuda & West Indies) Ltd. (Telecom), is proving to have a wide variety of uses in the public and private sectors. In f...

Mr. Brian Duperreault, advised how the premier excess liability company experienced "new beginnings as well as steady progress''. The company said that the third quarter to June 30 was marked by the fact that they began writing two new lines of busin...

returned. RCM Global Long Term Capital Appreciation Fund Ltd.'s account was fozen last week by a New York Supreme Court judge. A decision was rendered Friday by a New York judge that brokerage company, Daiwa America Corp., should return some $33 mill...

very positive development, said Bank of N.T. Butterfield & Son chairman, Sir David Gibbons. "There is no doubt in my mind that all that Press must be a very, very good thing for Bermuda and the continuing development of international business,'' Sir ...

publicity over the past week in business publications on both sides of the Atlantic. Bermuda International Business Association deputy chairman Mr. Glen Titterton said yesterday that editorials in the Financial Times and the European edition of the W...

companies in Bermuda already have them on the shelf for consumers. There is some mixed reaction in the marketplace, with some users saying the system only brings the system up to the "user friendly'' standards that the Apple Macintosh has had for som...