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Labour and Immigration Minister Derrick Burgess has reluctantly scrapped plans to create a register for land trusts after experts told him the move would cause serious damage to the Island’s trust business. The scheme was to have been a major part of...

Max Re Capital Ltd. is the latest Bermuda insurer and reinsurer to announce record profits for 2006. For last year's fourth quarter, the company swung to a net income of $95.4 million, or $1.51 per share, from a net loss of $12.6 million, or $0.22 pe...

Bermuda insurer and reinsurer Quanta Capital Holdings Ltd. has been accused of violating US federal securities laws in a class action lawsuit filed in the US District Court in New York. Two US law firms last night announced their involvement in the a...

Bermuda insurer and reinsurer Quanta Capital Holdings Ltd. has been accused of violating US federal securities laws in a class action lawsuit filed in the US District Court in New York. Two US law firms last night announced their involvement in the a...

Owners of Hamilton store Great Things are seeking ideas for how to use or develop their large, edge-of-town site. The roughly 30,000-square-foot area on East Broadway has been home to the store, which sells a wide variety of goods from fans to jacuzz...

Five months of falling inflation ended in December when the annual rise in the cost of living climbed to 3.4 percent. Figures released by Government yesterday, showed the figure jumped from November?s 2.6 percent rate. Rent was the biggest contributo...

Five months of falling inflation ended in December when the annual rise in the cost of living climbed to 3.4 percent. Figures released by Government yesterday, showed the figure jumped from November’s 2.6 percent rate. Rent was the biggest contributo...