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The Federal Reserve continued its moves to slow the economy and hold back inflation after the latter’s earlier four-decade high. And it didn’t take long for Bermuda’s Bank of N.T. Butterfield to react. But the Fed slowed its hand, this time imposing ...

There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure. The package of proposals includes deepening the take from i...

Domestic insurer BF&M Limited has reported a shareholders’ net loss of $13.4 million for the nine months ended September 30. This compares with shareholders’ net income for the same period in 2021 of $19.5 million. The company said net income from o...

The Bermuda captive of one of the world’s largest companies has continued strong operating results over the past five years, driven partly by robust underwriting profits and the absence of large losses. Some evidence of this for the single-parent cap...

Amid highly uncertain market conditions, rating agency AM Best said it was maintaining a stable outlook on the global reinsurance industry because there were counterbalancing positive and negative factors. Negative drivers for the industry include th...

Retailers threatened by the rise of e-commerce need the Christmas holiday shopping season more and more to rescue their financial year. Increasingly, they have welcomed the added feature of the Black Friday/Cyber Monday boost. But not Makin’ Waves on...

Tax campaigners said a recent Court of Justice of the European Union decision may have weakened EU/OECD anti-money laundering efforts, but the battle over the right to freely access information on beneficial owners of private companies has now moved ...

The European Union is still mulling this month’s landmark ruling by the European Court of Justice that EU law does not permit beneficial ownership information to be freely available to the public. The Financial Mail On Sunday called it “a major blow ...

The United Nations Environment Programme's Principles for Sustainable Insurance initiative is this week scheduled to give a progress update on the Sustainable Insurance Facility, an initiative to develop a pipeline of insurance solutions for micro, s...

The top European court has struck down a European Union mandate for public registers of beneficial ownership of all companies. In a decision which could stall global efforts to force countries to have open beneficial registers, the European Court of ...