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Government’s bid to grant status to overseas residents was flawed, a former top banker said yesterday. Philip Butterfield, former chief executive officer and chairman of HSBC Bermuda, said: “I think it was wrong in how it was addressed to date becaus...

The captive industry in Bermuda faces a new obstacle as tough new rules on reporting foreign assets come into force. Scott Slater, tax services partner at professional services firm PwC, said: “Our captive clients face a number of challenges with the...

A Bermudian construction firm has launched a new website. Island Construction Services said the new site will provide a full listing of products and services for customers. The company includes a construction arm, as well as Island Quarry Ltd and ICS...

Bermuda has overtaken the Cayman Islands as the domicile of choice for insurance-linked securities (ILS), according to the October 2015 Willis Capital Markets & Advisory report. In Q3 of 2011 Bermuda’s share of the ILS market was 18 per cent but by ...

Former employees of the collapsed White’s grocery stores will receive some of the money they are owed, the official liquidators said yesterday. Mike Morrison and Charles Thresh of professional services firm KPMG, who are the joint liquidators, confir...

The Royal Gazette/BSX Index closed up 1.95 points, or 0.17 per cent, at 1,174. Insurer BF&M was up 10 cents to $17.10 after 6,400 shares changed hands. Telecoms firm KeyTech also rose 10 cents to $2.65 after 11,000 shares moved. Utilities company Asc...

Bermuda was represented at the world’s largest shipping conference, held in Greece. The island’s ship register was showcased at Posidonia 2016 at the Metropolitan Expo, held in Athens. The four-day conference attracted an estimated 20,000 attendees i...

NEW YORK — Dan Loeb’s Bermudian-based Third Point Reinsurance Ltd said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an “outlier” for its aggressive use of stra...

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 ...

Insurer and reinsurer Aspen has appointed a new head of its international marine sector. Christopher Wildee, who will be based in London, will report to Ann Haugh, president of Aspen International Insurance and the chief operating officer of Aspen In...