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Insurance and reinsurance company Axis Capital Holdings yesterday posted profits of $135 million for the final quarter of last year. The figure was down $29 million on the same time period in 2014. For the full year, the firm made a profit of $602 mi...

A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering. The number of Class B banks registered with the islands’ regulator has fallen by 14 to 184 over the last year alone. Cla...

A Bermuda company has thrown its weight behind a drive to attract young people into the industry. Hamilton Insurance Group has signed up for the international Insurance Careers Month, launched yesterday in the UK, US and Bermuda. The aim of the event...

Bermuda-based drinks giant Bacardi has demanded documents from US President Barack Obama in a row over a US decision to grant a licence to the Cuban government to use a trade name. Bacardi has filed a freedom of information request asking for documen...

International law firm Harneys has boosted its Bermuda corporate services business with a new hire. Kim Armstrong has joined the firm’s fiduciary services group as senior corporate administrator. Ms Armstrong has 16 years’ experience in corporate ser...

An IT firm founded three years ago has carved out a niche for itself by concentrating on smaller businesses. Mobile Tech, run by Robbie Swainson and Kevin DaCosta, began as a home business. It now has an office and store in Pembroke. “We’ve been frie...

A new scheme to train compliance officers for Bermuda businesses is to start in April. The programme, which is a first for offshore jurisdictions, will prepare students to work in the investment and financial world as in-house regulators. The scheme ...

A clone company using the name of a legitimate Bermuda-based firm is suspected to be operating. Kuva Limited, which is found at www.kuvaltd.com, promotes an investment firm which falsely claims to be regulated by the Bermuda Monetary Authority (BMA)....

The Phoenix Stores group has bought up photographic firm Kodak Express. George Grundmuller, president and CEO of Phoenix Stores, said the acquisition gave his firm the chance to expand on its range of products and services. He added: “We are happy to...

Commercial properties sold at their fastest rate in eight years in 2015, according to industry experts. And the sale of luxury residential properties also had “a significant resurgence” over the previous year, with 12 properties sold, double the numb...