New legislation to give some companies relief from foreign ownership restrictions has been welcomed by energy company Ascendant Group, which said it would stimulate the availability of overseas capita...
Insurance CEOs believe that the payroll tax increase of two years ago caused Bermuda jobs to be lost and a “rupture of trust” between Government and the industry.
Speaking at a CEO roundtable organise...
The downgrade of Bermuda’s credit rating by Fitch will cost taxpayers $15.5 million in extra interest payments on this week’s Government bond issue, according to the opposition One Bermuda Alliance (O...
The Bermuda market’s major US-listed re/insurers bounced back strongly to reap more than $4 billion of net income in the first quarter of this year.
This represents a dramatic swing from the $2.67 bil...
Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster.
Aspen also wrote more business an...
The diversified facilities management group Bermuda Aviation Services said yesterday that it had bought a controlling interest in Integrated Technology Solutions Ltd.
The terms of the deal were not di...
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed today.
Although that was down 38 percent from 2010, the underlying performance, which strips out the impact of parts of the bu...
Butterfield Bank bounced back to make a $40.5 million profit in 2011, after posting losses in excess of $200 million for each of the previous two years.
Chief executive officer Brad Kopp told The Roya...
Government spent nearly $276 million more than it took in revenues in the fiscal year ending March 31, 2011, according to accounts tabled today in the House of Assembly.
Current account expenses, whic...
Document destruction firm Guardian has recycled enough shredded paper since starting up in 2005 to save nearly 11,000 trees, the company revealed yesterday.
Guardian, which uses an industrial shredder...
