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Bermuda notched up one-fifth of all offshore deal value last year. And the island was home to the biggest transaction of 2016, according to Offshore-i, published by law firm Appleby. But the total volume and value of offshore deals was down on the pr...

International charity Oxfam has singled out Bermuda’s HSBC in a major report on the use of tax havens by the top 20 European banks. The Oxfam report said that 26 per cent of profits generated by the top 20 banks in the EU were made offshore — althoug...

A total of 29 island-based lawyers have won global rankings in a prestigious legal listing. Conyers Dill & Pearman topped the Bermuda rankings with 17 lawyers listed, some at Band 1, by the Chambers Global Guide. Law firm Appleby was in second spot w...

Container company Triton International Ltd has reported an adjusted net income of $15.3 million for the fourth quarter, and a full-year profit of $48.9 million. The company said it is on target to achieve its target of annual savings of $40 million a...

Harbour International Trust Company Ltd has appointed Randall Krebs as development director. Mr Krebs will be responsible for the development and maintenance of Harbour’s private client, family office, trust, and corporation administration business....

Bermudian firm First Atlantic Commerce has joined forces with a major US secure payment technology firm to boost data security. The company will use Atlanta-based Bluefin Payment Systems’ payment card industry-validated point-to-point encryption (P2P...

Nordic American Offshore Ltd reported a fourth-quarter loss of $9.8 million this morning. The Bermudian company, which operates a fleet of ten supply vessels working in the North Sea oil industry, also declared a dividend of 2 cents per share. The lo...

The chief executive officer of Bermudian-based Bacardi is to retire next year. the company has announced. Island-based Michael Dolan, who has worked for the firm for eight years, will be replaced by company veteran Mahesh Madhavan, who is regional pr...

A new business conference in Bermuda that sold out more than two months in advance will get the island’s conference season under way this month. And 2017 is shaping up to be a bumper year for conferences in Bermuda, with a number of new events on the...

Financial services firm Estera has bought up an administration company based in Jersey. Estera — formerly part of law firm Appleby — finalised the deal to take over Morgan Sharpe Administration earlier this week. The new acquisition, which is subject...