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The European Union has introduced new data protection laws that will have implications for many Bermuda companies that do business in the 28-country bloc. The new General Data Protection Regulation, which was approved by the European Parliament last ...

The Royal Gazette/BSX Index closed marginally higher at 1,166.73, up 0.66 points, or 0.06 per cent. HSBC Holdings improved by 20 cents, or 3.07 per cent, to $6.07, after 100 shares were traded. Also moving up was Bank of Butterfield, which improved b...

An offbeat event that brought together 16 companies and organisations to compete in lighthearted games such as bubble football, zorb racing, and dodgeball has been hailed a success. And companies that took part not only enjoyed some fun team-bonding,...

Bermuda’s decision to sign up to a country-by-country reporting agreement for multinational companies could be used to target shell companies using the island for tax avoidance. Bradley Kading, president and executive director of the Association of B...

Profits at insurance and reinsurance firm Allied World dropped by more than $50 million for the first quarter. Allied World had a net income of $74.1 million for the first three months this year, down from $124.4 million in the same quarter the previ...

The Royal Gazette/BSX Index closed down 4.41 points, or 0.38 per cent, at 1,166.07. The Bank of Butterfield dropped by one cent to $1.63 after 400 shares changed hands. Insurance firm Argus was unchanged at $4 after 25,000 shares moved. And utilities...

Low oil prices had an impact on retail sales at gas stations in February, with the sector seeing a 10.5 per cent increase in revenue, year-on-year. This jump has been attributed to an 11.4 per cent increase in the volume of fuel sold. Overall, retail...

Plans have been dusted off for a new block of luxury condominiums in Hamilton, seven years after the original project was stopped in its tracks due to a combination of an overheated property market and the economic downturn. Developer Gilbert Lopes ...

Law firm Harneys has signed up a veteran specialist in insurance-linked securities and reinsurance. Michael Skrbic, new counsel at the firm, has more than 25 years’ experience, spanning Bermuda, London and Hong Kong. Mr Skrbic said: “It’s an exciting...

Appleby Fiduciary Business is to change its name to Estera following a management buyout. The new name for the company, which separated from its parent law firm last December, was inspired by a staff competition. Rory Gorman, group managing director ...