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Bermuda today slammed a bid by a group of British MPs to enforce a public register of company ownership. Around 80 MPs from a cross-section of UK political parties want an amendment to a British parliament criminal finances bill to include a stipulat...

A new restaurant and bistro plans to boost traffic through Washington Mall. The Cottage Café & Bistro, owned by experienced chef Brian Richens and on the mall’s second floor, aims to provide a slower-paced, more sophisticated approach to standard bre...

Cuts in the corporate tax rate in the US in the wake of Donald Trump’s White House victory could hit Bermuda, experts warned yesterday. Michelle Seymour Smith, CEO of Arch Re, said: “This is one that’s coming to us sooner rather than later. “I believ...

A new online store selling premium sailing kit has launched a new website. And Mary Geraghty, business development manager of Lir Bermuda, said that, although the island was on the crest of an America’s Cup wave, demand for quality gear would always ...

A former economist with the Bank of England has been made group chief operating officer at insurer and reinsurer Aspen Insurance Holdings. Richard Thornton will add the newly-created role to the job of group head of strategy, but will give up his rol...

Husband-and-wife team Peter Lapsley and Andrea Sundt will tomorrow launch a new store — with a stunning array of designer takes on everyday items. The couple are to open &Partners, in the former Otto Wurtz storage area at the bottom of Par la Ville R...

London insurance insiders yesterday admitted that the City lagged far behind Bermuda in its bid to carve out a slice of the lucrative insurance-linked securities business. Draft UK regulations on ILS were issued last month, and the Prudential Regulat...

Shares of Butterfield Bank today rose $1 to $30 in Bermuda Stock Exchange trading. The move, equivalent to 3.4 per cent, came after 349 shares traded. On the New York Stock Exchange, the bank’s price was up 84 cents or 2.76 per cent at $31.27. Utilit...

The Bermuda Foundation for Insurance Studies aims to raise more than $2 million next year to help fund its programmes. The charity said its endowment fund at present stood at just under $5 million. But David Souter, BFIS treasurer, said that the orga...

Rating agency AM Best said yesterday the outlook for the reinsurance industry next year remained gloomy. AM Best said it would hold its outlook at “negative” and blamed continuing market challenges which will hit positive rating actions — which could...