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The Bermuda Government’s bid to set up a limited liability companies framework has been welcomed by professionals. Grant Gibbons, the Economic Development Minister, tabled legislation to allow LLCs as a new commercial structure on the island in the H...

Law firm Conyers, Dill & Pearman has scooped a top award for private client and trust work. The company has been ranked in Band 1 in the high-net-worth guide by prestige British legal publishers Chambers & Partners. CDP was the only Bermuda company r...

The Premier will today ring the closing bell at the New York Stock Exchange. Michael Dunkley has been invited to perform the traditional afternoon ceremony at the world-famous exchange after he takes part in a major conference on disaster recovery in...

Drinks giant Bacardi has launched a fresh salvo in a rum war with Cuba. For Bacardi is to mount a major marketing push for its Havana Club brand — a trademark whose ownership is disputed with the Communist regime in Cuba. The trademark originally bel...

Bermudian insurance firm Argus aims to acquire a Maltese broker in a bid to diversify and expand its global reach. Alison Hill, chief executive officer of Argus, said the firm is to acquire Island Insurance Brokers on the Mediterranean island. Ms Hil...

Bermuda Commercial Bank has defended its standing after it was downgraded by a ratings agency. Debra Shields, BCB’s interim chief executive officer, said the bank had been strengthened by its acquisition of UK-based Private & Commercial Finance Group...

Financial services firm Estera last night celebrated its independence with a party at the Bermuda National Gallery in Hamilton. But the company — which was Appleby Fiduciary Services until a management buyout at the start of the year — said it would ...

David Cameron, the British Prime Minister, yesterday admitted some Overseas Territories are ahead of the UK in financial regulation. And Finance Minister Bob Richards said he had no doubt Mr Cameron meant Bermuda. Mr Richards, who attended the UK’s a...

Australia is to hit multinational giants with a new diverted profits tax to crack down on tax avoidance using jurisdictions like Bermuda. The new tax — to be introduced next year — will slap big companies with a 40 per cent tax on profits shifted off...

Bermuda yesterday figured in a list of more than 200,000 shell companies set up by a Panamanian law firm. Nearly 150 Bermuda entities are named in the massive leak of documents from Panama lawyers Mossack Fonseca, dubbed the Panama Papers. And the la...