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Norway-listed chemical shipper Eitzen Chemical has urged its shareholders to accept an exchange offer that will see the company move to Bermuda. Eitzen established Team Tankers International (TTI) as a vehicle enabling its move to the Island. “This i...

Bermuda financial technology start-up Trunomi last night received a prestigious international accolade at a ceremony in London. The company, headed by founder and chief executive officer Stuart Lacey, was selected from around 800 applicants as one of...

Beverage giant Bacardi has given a cautious welcome to the normalisation of diplomatic relations between the US and Cuba — but played a straight bat to the question of whether it would consider moving its headquarters from Bermuda to the Caribbean is...

Cloud services firm Ignition has made investments in its Bermuda platform amid rising demand for its services. The company said yesterday that it would also be moving one Level 3 engineer from its Canadian operations in Halifax to Bermuda to help kee...

The potential for growth in Bermuda’s international business from the asset management sector is “huge”, according to industry expert Jessel Mendes. Mr Mendes, a partner with global professional services firm EY, said the foundations for expansion ha...

Hedge fund managers have cyber security fears and are facing increasing demand from investors for customised services. Those are among the findings of a report on the global industry by EY, entitled “Shifting Strategies: Winning investor assets in a ...

Bermuda-based technology start-up Trunomi wants to put people — rather than corporations — in control of their own personal data. In pursuing this vision, the firm has already created technology solutions that will make people’s dealings with financi...

Bermuda-based beverages giant Bacardi is looking forward to returning some operations to Cuba once the US embargo of the country is lifted. Bacardi was expelled from the Caribbean island in 1959, after the revolution which brought Fidel Castro to pow...

A delegation from Bermuda went to Mexico City to make new trust business ties. The 12-strong group attended a series of targeted meetings as well as the STEP (Society of Trust and Estate Practitioners) Latin American Conference in Mexico City on Sept...

The parent company of Bermuda Commercial Bank said profit more than tripled to $15.3 million during the first nine months of its fiscal year. Somers Ltd, whose investments also include stakes in several financial services firms in the UK and Ireland,...