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Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million. The Bermudian-based company announced it had agreed to acquire a 79 per cent stake in Resimac f...

A former top US basketball player and a writer for hit cartoon show The Simpsons are to take part in an alternative investment conference at the end of the month. Ex-Baltimore Bullets and New York Knicks player Earl “The Pearl” Monroe, now an entrepr...

In the investment management industry women account for only 20 per cent of the membership, compared with 34 per cent in the legal profession and 50 per cent of accountants. The comparatively low percentage of women in the investment management space...

The impact on Bermuda’s alternative investment management industry after the UK’s decision to quit the European Union is to be discussed this Friday. The Alternative Investment Management Association will look at the implications of Brexit, as well a...

The European Union has demanded Ireland claw back up to $14.5 billion in back taxes from tech giant Apple — a move that could impact on Bermuda. Yesterday an expert said that the ruling — the biggest ever under the EU’s state aid rules — may be part ...

The Association of Bermuda International Companies has handed out $553,000 in scholarships to a total of 21 students. The awards were presented at a special lunch at Harbourfront restaurant at the Bermuda Underwater Exploration Institute on Crow Lane...

A move towards a new way of collating information could revolutionise the wholesale insurance industry, professional-services firm PwC said yesterday. Blockchain — a computer file underlying a mutual distributed ledger where blocks of information add...

A bid by a family trust to sue the Bermuda Commercial Bank over a $7 million fund has been resolved, the bank said yesterday. The case against the bank and BCB Paragon Trust, and former trust and corporate services division leader Neil de ste Croix, ...

Financial-services firm LOM made profits of $51,534 in the first half of this year. The figure compares to a loss of more than $225,700 in the same period last year. Management and investment advisory fees revenues jumped 17.7 per cent to $1.53 milli...

Modernisation of Bermuda’s corporate law has been welcomed by business chiefs. A total of nine bills relating to the island’s international business sector have been passed by the House of Assembly in little more than a year. And Ross Webber, chief e...