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Leading offshore drilling contractor, Seadrill Limited, will continue to be Bermuda domiciled after its impending take over of its former subsidiary, Aquadrill, the company has said. The deal is expected to substantially improve Seadrill’s cashflow g...

Bermuda’s holdings of total assets increased by 16.9 per cent (or $239.4 billion) by the end of 2021 compared to the previous year, reaching $1.66 trillion, according to new figures from the Bermuda Monetary Authority. At the same time, Bermuda’s for...

Dewar's Blended Scotch Whisky, a brand that is part of the portfolio of Bermudian-headquartered Bacardi Limited, has added to its growing list of accolades. Bacardi is preparing for robust sales for the new offering, including in Bermuda. Already the...

Lawyers from across four of Appleby’s global offices have been recognised in the 2023 edition of the Private Client Global Elite Directory. Vanessa Schrum, head of private client and trusts in Bermuda, and Bermuda senior associate Caljonah Smith have...

Bermuda urgently needs to update its intellectual property laws to allow it to better compete, according to an industry task force

Shareholders at a special general meeting of Frontline Ltd have approved the Bermudian-based shipping company’s redomiciliation to Cyprus. Frontline is engaged primarily in the ownership and operation of oil tankers and product tankers. The company’s...

The Bermuda Stock Exchange listed financial services investment holding company, Somers Ltd., has reported a net loss over the second half of the year and substantial declines in shareholders’ equity and net asset value per share in its full year res...

Bacardi, the drinks giant based in Bermuda, has been recognised by Forbes as one of the world’s top female-friendly companies. The prominent list and results are based on an independent survey of approximately 85,000 women working at multinational in...

Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long distance licence by the Indian Government. This award e...

Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency. Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen Weinstein in the chairman’s role. Mr Weinstein is...