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A Bermuda business chief yesterday refused to capitalise on Caymanian woes over landing on a UK list of “high risk” countries for financial crime. The Caymans spent less than two months on the 95-strong list UK Financial Conduct Authority (FCA) of pl...

Telecoms firm KeyTech has bought a TV firm in Cayman — and sold off its stake in BTC for $30 million. KeyTech’s subsidiary WestTel Ltd (Logic Cayman) has bought up British Overseas Territory Cable & Telecommunications Ltd, (BOTCAT) which owns Cayman ...

Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities (ILS) to Bermuda in a prestige European magazine aimed at business leaders. And Mr Wojciechowski said that the Island’s track rec...

Bermuda-based beverage giant Bacardi Ltd has appointed Kevin McNamara as chief financial officer and senior vice-president. The 47-year-old succeeds Joseph Schena, who left the company for another opportunity. Mr McNamara most recently served as corp...

The Dutch subsidiary of Bermuda-based digital security firm QuoVadis Group is featuring on Netherlands national television after been nominated for a top business award. “The Success Factor” is a weekly show seen by millions of viewers on Dutch natio...

More jobs for Bermudians and a return to economic growth. That, in a nutshell, is what Ross Webber sees as the ultimate prize as he starts in his new role as new chief executive officer of the Bermuda Business Development Agency (BDA). The BDA, which...

The Cayman Islands, an important international business competitor for Bermuda, is expressing “consternation” that they have been included on a new list of high risk jurisdictions for financial crime. There are a total of 95 countries listed includin...

Non-profit organisations will get a break from Fatca-type requirements of the UK, the Finance Ministry said last night. Bermuda’s compliance with Fatca (the US Foreign Account Tax Compliance Act) requires financial institutions to report on the holdi...

A Bermuda-based energy company has floated a new subsidiary on the New York Stock Exchange, raising $192 million in the process. Höegh LNG Holdings Ltd, which is listed on the Oslo Stock Exchange, formed Höegh LNG Partners LP, a Marshall Islands Mast...

Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quarter. NAT said rates achieved for its trading fleet ...