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Bermuda has lost one of its best known retailers. Pierre Dutoya, who for 30 years helmed Hornburg Calypso, has died at 75. He became general manager of the business, which operates a group of clothing and accessories shops, in the early 1990s. Mr Dut...

Bermuda Commercial Bank is set to get a new owner after parent company Somers Ltd agreed to sell to investment company Provident Holdings. Provident is owned by an investment group led by Christopher Maybury, a Bermuda resident, who is promising “a m...

Conduit Reinsurance Ltd, one of the large new start-ups set to enter the Bermudian reinsurance market, has been given a preliminary financial strength credit assessment of A- by AM Best. The firm’s holding company, Conduit Holdings, has announced pl...

Bermudian-based reinsurance investor Hudson Structured Capital Management has teamed up with global broker and risk adviser Aon to create a new cyber catastrophe insurance product. The product, which allows for limits of up to $70 million, is intende...

Bull’s Head Car Wash has reopened for business, nine months after it closed down. The Hamilton business, on Jackson’s Way near the Bull’s Head Car Park, was run by the Riviere family for 15 years before it shut down in February, pending a sale that e...

Ever since word got out that Odilio Angeli was opening an Indian takeout in Southampton, people have been banging on his door. “Everyone seems to be very excited,” said Mr Angeli who runs Dining Bermuda, which includes Gulfstream in Southampton and ...

Bermuda-based international specialty insurer and reinsurer Convex Group Ltd has secured commitments for an additional $1 billion of equity capital. Convex, launched in April 2019 with $1.7 billion of initial committed capital, has now raised $2.7 bi...

In this article we discuss some of the key issues that employers and employees should consider when giving notice to terminate an employment contract. Bermuda does not recognise the concept of “at will” employment, so employment contracts covered by ...

The Government has introduced legislation in the House of Assembly that would create a new limited duration test licence under Bermuda’s digital asset business regime. The Digital Asset Business Amendment Bill 2020, if passed, would create a ‘Class T...

Law firm Carey Olsen Bermuda has marked its third anniversary with the announcement that it is to move into larger premises at the Rosebank Centre in Hamilton. Established in November 2017 with a single employee – managing partner Michael Hanson – th...