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While electricity, roads and transportation remain problematic, much of the Northeast of the US was in recovery mode yesterday digging out from a deadly weekend snowstorm. The blizzard packing hurricane-force winds hammered the northeastern US on Sa...

If there is one thing that Bermuda has over the Cayman Islands, it’s a very large yacht. In fact, it’s the largest privately owned yacht in the world — the 533-foot Eclipse owned by Russian billionaire Roman Abramovich — now docked in Hamilton, which...

New York City Mayor Michael Bloomberg is donating $350 million to Johns Hopkins University, the bulk of it to help expand its research on such cross-discipline issues as global health and urban revitalisation, as his lifetime giving to his alma mater...

The Cayman Islands are reportedly poised to open thousands of companies and hedge funds domiciled there to greater scrutiny, ending decades of secrecy in the offshore Caribbean territory. According to a report by the Financial Times, the British over...

Bermuda-based Apex Fund Services has landed a new $1 billion client hard on the heels of gaining regulatory approvals from the UK. Yesterday Apex announced that WAY Fund Managers, the UK provider of fund hosting services to the wealth management sect...

Stricter regulation has led Bermuda’s Apex Fund Services to be known as “the fastest expanding hedge fund administration outfit in a post-Madoff financial world”. When it comes to generating business, Madoff “has been the hedge administrator’s very b...

American International Group’s (AIG) decision last week not to sue the US Government over the federal bailout of the company in September 2008 could actually help the lawsuit initially filed by former AIG CEO Hank Greenberg’s company, Starr Internati...

The outcome of Monday night’s historic election has reverberated throughout the Island’s international business community. While offering thanks to the outgoing Progressive Labour Party, re/insurance leaders, including ABIR and ABIC, seem optimistic ...