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Bermuda Aviation Services posted an improved profit of $2.8 million for the year ended in March. The figure was $2.3 million up on the $471,000 made the year before. Ian Cook, group president and CEO of BAS, said: “These positive results are underpin...

An insurance company will today hold a special seminar on retirement planning. The event, organised by Colonial Pension Services, will be presented by global investment company MFS Investment Management, based in Boston. Topics include how long peopl...

Professional services firm KPMG has signed up 11 students to take part in its annual internship programme. The 12-week scheme is aimed at university students who see a future in accountancy, finance or business. Wanda Armstrong, senior manager for hu...

Insurance company Argus has announced profits of $7.3 million for the year to the end of March — down $8.7 million on the $16 million recorded for the previous year. It reported unrealised investment losses of $8 million, put down to short-term volat...

Major insurers could take a significant hit as a result of Britain’s decision to pull out of the European Union, a top ratings agency warned yesterday. AM Best said it did not expect to take rating actions in the near future as a result of the shock ...

Bermuda’s insurance and reinsurance sector could face a major international shake-up after the UK voted to leave the European Union. Brad Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said: “Abir memb...

Staff at drinks firm Bacardi have got on their bikes as part of the company’s drive to be greener. Now Bacardi has been honoured with an award from the Bermuda National Trust, which will be presented tomorrow. Clara Fay, director of corporate affairs...

Island financial regulator the Bermuda Monetary Authority pulled in more than $44 million in fees and other revenue last year. Supervisory and licensing fees totalled $38.4 million, while incorporation fees, vault commission and other income amounted...

Liquidators for Riddell’s Bay Golf and Country Club have sold two residential plots separate from the closed course. Deals on the two areas of land, fronting the Great Sound, were closed last Friday. Joint liquidators Alison Tomb and Simon Conway of ...

A Bermudian real-estate firm has drummed up business in Las Vegas. A team from Rego Sotheby’s International Realty has just returned from a major event in the Nevada city for members of Sotheby’s International Realty network. And the firm’s Ben Rego ...