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Christmas brought some cheer to the struggling retail sector, store chiefs said yesterday. But festive season sales may have come at the cost of deep discounts to get customers through the doors. Brown & Co general manager Nicole Warren said: “Spendi...

A Bermuda businessman has taken on Cuba with a range of Bermuda hand-rolled cigars. Now Grant Kennedy — who learned the painstaking art of cigar rolling from an expert who worked at the world-famous Romeo y Julieta factory in Cuba — has launched a ra...

A US hedge fund manager is being sued in a $46 million Bermuda court case by a billionaire investor. Meredith Whitney, who is married to Bermuda resident ex-WWE wrestler and TV pundit John Layfield, has been taken to court by billionaire Michael Plat...

Takeover target Catlin has sold off its stake in a hi-tech personalised insurance company for nearly $133 million. The Bermuda-based insurance firm offloaded its investment in Box Innovation Group Ltd (BIGL) to Aioi Nissay Dowa Insurance Company of E...

Bermuda has launched a fresh charm offensive to target the potentially lucrative insurance market in Latin America. And the Bermuda Business Development Agency (BDA) will next year launch a roadshow in the region to highlight the business advantages ...

Catering firm Flying Chef has crashed and shut up shop. Now the firm has lodged a petition with Supreme Court to wind the long-standing company up. Flying Chef owner Sara Masters said the firm — which provided outside catering services — was a victim...

As world oil prices fall, the Island is feeling the benefit with the price of gas now at its lowest since 2010, and power firm Belco also cutting its rates. Rubis last week set its gas price at $1.767 a litre — a 17.1 cent fall compared to November p...

Financial services firm Sun Life is planning to more than double its staff on the Island over the next few years. And the Canadian-founded firm’s international arm aims to boost the number of Bermudians in top jobs with an international training prog...

Private air travel boosted Bermuda’s income by more than $50 million in just six months last year, according to a jet-setters’ magazine. The Island came seventh in the top ten Caribbean area airports for private jet arrivals in a survey by Elite Trav...

Ratings firm AM Best has given its seal of approval to Tokio Millennium Re (TMR). AM Best has affirmed Tokio’s financial strength at A++ (superior) and issuer credit rating at aa+ with a stable outlook on both. The ratings agency said: “The ratings r...