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Bermuda has signed up to a major international agreement on country-by-country financial reporting by multinational companies. Bob Richards, the Minister of Finance, said Bermuda had fallen in line with the Organisation for Economic Cooperation and D...

A Bermuda law firm has launched a new trust company. Benedek Lewin has set up Omnium Trust Company, which will cater to corporate, estate planning and other legal needs. Simon Benedek, counsel for the firm, said that, according to Bermuda Monetary Au...

Major building projects in the US would boost the economy and demand for insurance and reinsurance. Kevin Kelley, the chief executive officer of Bermuda-based Ironshore, said poorer-than-expected economic performance in key regions had led to a weake...

The European Commission and the World Bank have signed a $15.8 million agreement to fund a Caribbean catastrophe insurance fund. The two organisations said the agreement will help Central American countries and the Dominican Republic gain access to c...

A Bermudian couple has turned a lifestyle into a business — and Mr Organic is going from strength to strength. Preston Ephraim, who runs the firm with wife Megan, branched out into the green foods market through his job as a nutrition and lifestyle c...

Public-private partnerships to rebuild crumbing infrastructures are becoming the norm around the world, an expert from professional services firm KPMG said yesterday. Josh Hjartarson, based at KPMG’s Toronto office, said that public-private co-operat...

A new restaurant specialising in fries with a twist is set to open tomorrow. FryDays is the brainchild of store owner Mstira Weeks, chef Janelle Williams and a silent investor. The new food outlet is located in the former East Meets West restaurant i...

The Bermuda Institute is leading the pack in the annual KPMG Investment Challenge. The school’s two teams, Profit Bulls and Investables, are in first and second place respectively and are two of only three teams in the 18-team competition to show a p...

Bermuda has been highlighted in the row over tax avoidance in the UK. News websites have reported that national broadcaster, the BBC, had nearly $120 million from its pension was invested by Bermuda-based investment managers Nephila Capital, accordin...

Insurance firm BF&M today reported earnings of $23.9 million for last year, up by $2.1 million on 2014. The 2015 figure resulted in a return on shareholders’ equity of 9.6 per cent. Gross premiums written for the year were $336.1 million, a decrease ...