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Businesses involved in the hospitality sector need to be prepared for the tens of thousands of extra visitors expected on the island during next year’s America’s Cup. And while the event is regarded as the pinnacle moment within the coming 12 months,...

Transferring operational risks, such as from cyberbreaches and rogue trading, to third-party investors through cat bonds, will be discussed at ILS Bermuda Convergence 2016. Two speakers from Credit Suisse, which brought to market the first insurance-...

Bermuda Government has issued $665 million of senior notes as it repositions the island’s debt. Consequently, the island’s overall debt load has increased by $188.9 million, but in the process the Government has locked in a 3.717 per cent rate on its...

A Chinese property development and investment company has proposed moving its registration to Bermuda from the British Virgin Islands. Among the reasons why it wants to migrate, it has cited the adverse publicity the BVI has faced following the publi...

Newstead Belmont Hills Golf Resort and Spa is offering five of its 45 fractional units for whole ownership purchase. It was enquiries from individuals and companies, who wanted to know if it would be possible to take full ownership of a unit, that le...

The Bermuda Government is in the process of refinancing about $276 million of debt. It made a cash tender offer to holders of its 5.603 per cent senior notes, which are due in 2020, and is set to pay out early on about half of the $500 million of not...

Telecoms companies have reported that the majority of their networks are back in operation following Hurricane Nicole. Eleven of Digicel Bermuda’s cell tower sites have been repaired, with only Sentinel Hill without service as of 4pm. That means 97 p...

Reinsurers are expected to bear the brunt of Hurricane Nicole’s financial impact on Bermuda, even as primary insurers likely see claims for wind and downed trees, damaged roofs, car damage and some business interruptions. That is the view of ratings ...

An oil rig supply firm’s redomiciling to Bermuda last month coincided with ongoing initiatives to strengthen the island’s attractiveness to shipping companies and boat owners. Nordic American Offshore, which operates a fleet of supply vessels in the ...

Staff who prefer a quiet place to work, and those who do better in a busier environment, are both catered for in Sun Life Financial International’s new office. Elsewhere, there are shared workspace areas that allow colleagues who might not normally s...