Stirling Cooke Brown lays off Bermuda staff

    Beleaguered Stirling Cooke Brown Holdings Ltd. is laying off staff in Bermuda and is in the process of moving its Bermuda-based broking activities to London, Inside Bermuda has been told.
    The move comes after Goldman Sachs, which is the biggest single shareholder in Stirling Cooke, told management that it was taking more control of the company, said a source.