The Argus Group is being sued by a life insurance client who saw their policy's cash value slump due to investment exposure to funds operated by disgraced financier Bernard Madoff.
The legal move came...
Walker Christopher Ltd.'s Front Street jewellery store is to close for the next five weeks or so for renovations.
Yesterday, work was going on in the empty interior of the premises, at 9 Front Street,...
Bermuda Container Lines Ltd. (BCL) yesterday announced that its earnings through the first nine months of 2008 fell 13.3 percent to $2.82 million after a substantial fall in investment income.
And a d...
Bermuda recorded a current account surplus of $548 million in the third quarter of 2008 — a rise of 30 percent compared to the same period the previous year — despite a plunge in tourism revenue.
The ...
Bermuda-based investment funds lost $39 billion of their net asset value in the third quarter of last year, when world markets plunged.
The latest figures published by financial regulator the Bermuda ...
Bermuda is in the American political spotlight once again with the publication of a report on "tax havens" which shows that the 100 largest US corporations have a combined total of 229 subsidiaries on...
Argus Group Holdings Ltd. is working with fund managers and lawyers to explore whether it will be possible to recover any of the money at risk in some of its pension and investment fundsaffected by ex...
Tyco Electronics yesterday became the latest Bermuda international company to announce its intention to move to Switzerland.
The company, which is one of the world's biggest makers of electrical compo...
Phoenix Stores Ltd. plans to open a new Dockyard pharmacy aimed principally at gaining trade from cruise ship passengers.
The company's chief executive officer George Grundmuller said the target openi...
Property developer Sir John Swan said the Government was right to grant permission to XL Capital and American International Group to sublet part of their Bermuda headquarters to other companies.
The f...
