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Luxury brand name retailer Lusso has reopened its renovated and expanded Front Street store. Part of the TESS Group of Companies, Lusso will offer clothing for the first time, as well as the luxury accessories it specialised in before. TESS announced...

Premier Craig Cannonier and Finance Minister Bob Richards are in London this week to lead efforts to bring Islamic finance business to the Island. The pair, who are accompanied by cabinet Secretary Derrick Binns, will attend the Global Islamic Financ...

Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation. The deal means Meridian, which has assets under administration of some ...

Bermuda remains the world leader among offshore captive domiciles — despite recording a decrease in the number of captives on its register. The Bermuda Monetary Authority (BMA) confirmed yesterday that there were 831 captive insurers based in Bermuda...

The long-haul air travel experience would be a lot more enjoyable if you could if you could go to sleep in a queen-size bed, then have a shower before you landed, refreshed and ready to go. That may seem like the stuff of fantasy, but now it’s an exp...

Bermuda Container Line (BCL) is to continue to operate out of the port of New York/New Jersey after its owner Neptune Group decided to go back on its plan to switch to Philadelphia to cut costs. The U-turn came after importers made clear their prefer...

Ratings agency Standard & Poor’s may lower HSBC Bank Bermuda’s A/A1 credit ratings by as much as two notches, after it put the bank on “CreditWatch Negative”. In a report published this week, S&P’s analysts cite concerns over the bank’s loan deterior...

Bermuda will remain at the forefront of the burgeoning convergence between the reinsurance and asset management industries, because it has an exceptional mix of expertise in both areas. That is the view of Craig Redcliffe, partner and insurance leade...

The Bermuda Monetary Authority (the Authority) confirmed has confirmed that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s...

Belco could slash its electricity charges by around 15 percent if plans to convert its systems to burn liquefied natural gas (LNG) instead of diesel fuel come to fruition. Walter Higgins, CEO of Belco’s parent company Ascendant Group, told The Royal ...