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HSBC Bermuda CEO Richard Moseley says his bank is flush with capital and keen to lend — but it has tightened lending standards in recent years to avoid making the same mistakes the industry made in the pre-crisis period. In his Budget statement last ...

HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property. The revelation came during an interview with the bank’s top executives after they released their f...

Bermuda registered 1,200 new companies last year — the most in five years. Education and Economic Development Minister Grant Gibbons said it was “one more sign that Bermuda is moving in the right direction after years of decline”. In a statement rele...

A private insurer has started selling flood insurance policies in Florida, signalling new opportunities ahead for Bermuda catastrophe reinsurers. Homeowners Choice Property & Casualty Insurance Company became the first admitted carrier in Florida to ...

Seven new luxury waterfront apartments that command monthly rents of up to $20,000 have all been leased. The five three-bedroom units and two two-bedroom units are at Waterloo House, a high-end office and residential rental property developed by the ...

Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton. The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent company Somers Ltd. It comes after a solid year fo...

Insurer Argus Group Holdings Ltd’s profit for the first six months of its financial year fell by 77 percent to $1.6 million, chiefly as a result of unrealised losses in the value of its fixed-income investments. Argus chief executive officer Alison H...

Bermuda’s imports have risen significantly in each of the first three quarters of this year, the latest Government statistics reveal. The Government’s detailed quarterly statistics show that the value of imported goods increased by 9.8 percent in the...

Butterfield Bank has been named Bermuda’s Bank of the Year by international banking industry magazine The Banker. Butterfield also scooped the same award in the Cayman Islands. The Banker, an FT publication, is a highly regarded UK-based publication ...

Financial regulator the Bermuda Monetary Authority (BMA) is in talks aimed at allowing alternative fund managers based on the Island to market their investment products in Germany. The confirmation of the talks comes after British newspaper The Finan...