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In the third part of a five-day feature on the Cayman Islands’ growth story and what Bermuda can learn from it, we gauge views on the business environment in both territories. Bermuda can learn something from Cayman about creating an environment in ...

Tension over race and the presence of large numbers of expatriates is much less evident in Cayman than in Bermuda, according to a retired Bermudian insurance executive who ran a business there. Glen Gibbons was sent to Cayman in 2016 to take the post...

Butterfield Bank has reported a profit of $43.9 million, or 82 cents per share, for the fourth quarter. That’s down from the $46.2 million, or 87 cents per share, it made in the same quarter of 2018. For the full year, the bank’s net income was $177....

Ascendant Group Ltd was the only stock to trade on the Bermuda Stock Exchange. The Belco owner remained unchanged on $31 as 3,300 shares changed hands. Ascendant is awaiting regulatory approval for a proposed $365 million takeover by Algonquin Power ...

European Union ambassadors have voted to put the Cayman Islands on the EU blacklist of jurisdictions deemed noncooperative on tax matters. The Financial Times reported this afternoon that the decision was based on the failure of the British Overseas ...

Cayman’s fast-growing economy is heavily reliant on foreign labour. More than half of the workforce is non-Caymanian, the territory’s Economics and Statistics Office reported in November. The largest group by nationality are Jamaicans, of whom 12,788...

In the second part of a five-part series looking at Cayman’s growth story, and whether we in Bermuda can learn anything from it, we analyse population growth, the role of immigration and make-up of Cayman’s labour force. More than 30,000 people in t...

More than 60 staff from drinks giant Bacardi hit the streets as part of a drive to keep up on trends in the licensed trade and among customers. The Bacardi team toured bars and restaurants in Hamilton in the firm’s worldwide “Back to the Bar” campaig...

Shares of One Communications Ltd were down four cents, or 1.1 per cent, at $3.75 after 147 traded on The Royal Gazette/BSX Index. Butterfield Bank improved 60 cents, or 1.8 per cent, to $34 after 118 shares were exchanged, meanwhile in New York, the ...

Bermudian-based Fidelis Insurance Holdings Limited has raised about $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority. The funding is to be used to suppo...