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A closed St George’s restaurant is to be reborn with a new name. The Tavern by the Sea, which closed last Thursday, is to reopen with new management and a new name — The Wharf. The building, at Somers Wharf off Water Street, is owned by Meyer Propert...

Bermuda should not be lumped in with offshore centres that encourage tax-dodging, the Bermuda Business Development Agency said today. The BDA hit out after a massive leak of documents from a Panamanian law firm Mossack Fonseca, which have sparked pro...

Ratings agency Moody’s has downgraded Bermuda’s macro profile from “moderate+” to “moderate”. The agency said the move reflected “the lowering of its assessment for institutional strength based on the World Bank’s worldwide governance indicators for ...

Gift store Otto Wurz is to close after 60 years in the same family. Owner Anthea Edwards, who took over the store from her mother Ivy Spurling in the 1960s, said she would shut up shop at the end of June. Ms Edwards, 72, whose sons Christopher and Jo...

The second phase of a bid to attract the millennial generation into the insurance industry kicks off today. The international drive, backed by industry veteran Brian Duperreault and his Hamilton Insurance Group, follows an insurance careers month in ...

A new law to create a public register of directors comes into force today. Government amended company law to create the register to stay in line with US Financial Action Task Force rules. The new law means every company registered in Bermuda has to f...

Shipping service Mailboxes Unlimited has delivered a new rewards programme. The scheme, which is a first for the industry in Bermuda, gives Mailboxes US Express customers cash back and a special card that can be used to get discounts in a range of st...

Ashley Ferguson and Jyna Heinicke have designs on success with a new furniture store. They have expanded their existing interior design business into a storefront. “It was a natural progression for our business because we felt we were outgrowing havi...

Monitors of HSBC’s anti-money laundering and sanctions evasions found “widespread compliance failings” at the bank’s Bermuda operation, The Wall Street Journal reported yesterday. The newspaper said that “people familiar with the situation” said that...

An EU seal of approval for Bermuda’s insurance market will make the global business more competitive, the head of the Association of Bermuda Insurers and Reinsurers said yesterday. And Brad Kading, president and executive director of Abir, added that...