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Tawana Tannock, well known as the former chairwoman of the Bermuda Human Rights Commission, has been appointed managing director of Skuld Mutual Protection and Indemnity Association (Bermuda) Ltd, effective immediately. The Skuld group is a protect...

One of the three men lined up to be new co-owners of Bermuda Commercial Bank is no longer one of the purchasers. Logan Sugarman was to have been a 20 per cent beneficial owner of the bank, but will no longer be, according to Permanent Capital Holding...

Nordic American Tankers made a loss of $10.5 million in the fourth quarter, which was an improvement on the previous quarter when it reported a loss of $37.9 million. The Bermudian-registered company has concluded refinancing with CSG Investment, fun...

PwC Bermuda is to shrink its environmental impact through a combination of efficient practices and a commitment to offset 100 per cent of its air travel emissions and energy consumption. A carbon offset is a way to compensate for emissions by funding...

HSBC Bermuda posted net profit of $139 million for last year — down by $1 million from 2017, after one-off items were stripped out. The bank said that total operating income before loan impairment charges was $280 million, consistent with 2017. Incre...

Butterfield Bank shares improved 65 cents, or 1.6 per cent, to $41 after 3,300 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 23 cents, or 0.56 per cent, at $41.23. Meanwhile, on the local exchange, 5...

A fine of $200,000 has been imposed on Colonial Pension Services Ltd after it breached a condition of its licence and committed multiple breaches of regulations. The Bermudian-based company said it had reported the matter to the Bermuda Monetary Auth...

A body representing Bermuda’s business community says the island needs to focus on growing its tax base of businesses and individuals, rather than increasing the tax burden on those already here. A similar message has come from Sean Whiting, owner of...

Butterfield Bank will be “intensely focused” on reducing expenses in the higher-cost jurisdictions where it has operations, during the next six months. Automation, and moving aspects of its business to Canada and Mauritius, are among cost-reduction m...

International law firm Walkers Bermuda has hired Shannon Dyer, a former Bermuda Monetary Authority legal counsel. Mr Dyer is now a senior associate in the insolvency and dispute resolution practice at Walkers Bermuda, a full service commercial law fi...