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Economic and financial difficulties may have ended the dream for the owners of a North Shore nightclub for a mature clientele. A Supreme Court judge has refused to halt a writ of possession for 81 North Shore Road, Devonshire, in relation to the 2018...

There are warnings about the future of a Caribbean insurer, in which a Bermuda company acquired a sizeable stake three years ago. The warnings came as Caribbean Information and Credit Rating Services Limited (CariCRIS) affirmed ratings for Beacon Ins...

Bermuda’s first bank will pay $5.6 million in forfeiture and restitution payments to the United States government in a tax evasion case that dates back 20 years. The US Attorney for the Southern District of New York, the Justice Department and the In...

Bermuda’s international re/insurers are leveraging the market cycle and expanding their franchises considerably in a period of optimism. Several companies are active in share repurchases already, or resolving to buy back stock with accumulated cash a...

The Regulatory Authority of Bermuda has extended the deadline for public input into published guidance on Bermuda’s blueprint for future electricity production and costs. And regulators appear set to embark this month on a study that could determine ...

Hardening rates in insurance and reinsurance are a trend that is expected to continue, analysts ave been told. Making clear he supports that view – and that development – is Marc Grandisson, executive vice-president, chief financial officer & treasur...

Butterfield bank remained upbeat when discussing with investors the proposed global corporate tax plan and how it could affect bank operations. Chairman and chief executive officer Michael Collins also provided an update Tuesday on the bank’s cost cu...

After 25 years in business, the Bermuda Golf Academy, Driving Range and Mini Golf in Southampton will close in the first week of September, according to operator Richard Farge. He said a 20-year lease had previously expired but the tenancy was tempor...

Business in the town of St. George is facing a punishing bottom line for the second year in a row, amid growing concern for the old town’s future. While Hamilton appears to be on the upswing, the east end could suffer another winter of discontent. Ev...

A plan to breathe life into the Town of St. George with a street party and live Bermuda entertainment faces an uncertain future in the absence of more tourists and more taxis. Wahoo restaurant co-owner Geza Wolf said the evening entertainment was des...