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Bacardi Ltd has announced the appointment of Joseph Schena to be the company’s chief financial officer and senior vice-president. Mr Schena will replace senior vice-president and CFO Jacques Croisetière, 58, who is retiring. As senior vice-president...

The Turks and Caicos Islands real estate industry is “back with a bang”, as home sales rocketed a reported 70 percent over the past year. And it’s not that homes on the 45,000-population island are much cheaper than in Bermuda: the average condo pri...

A local businessman says he has the answer to Bermuda’s tourism financing crisis: condo hotels. Owner of Bistro at the Beach and Red restaurants, Rick Olson, said he has bought and sold condos at the luxury Gansevoort Wymara resort in the Turks and C...

Bermuda’s Ministry of Finance has signed two more Tax Information Exchange Agreements (TIEA) — one in South America, the other with one of the Island’s offshore business rivals. Bermuda signed agreements with the Republic of Brazil and the Republic ...

While 2012 has been a much better year for property and casualty insurers than 2011, Hurricane Sandy could be a game changer with its surprising timing, direction and possibly its duration. Insurers, reinsurers and cat bond investors are no doubt ke...

Economy, Trade and Industry Minister Patrice Minors said Government is focused on retaining and attracting senior executives to Bermuda as it goes through the process of modernising work permit rules. She was speaking after the Cayman Islands last we...

Bermuda-based First Atlantic Commerce (FAC), a Bermuda-based global online payment solutions provider, was invited to take part in a fraud prevention and security conference in Bogotá, Columbia this week. FAC CEO, Chris Burns spoke yesterday at the C...

The Cayman Islands has, for the first time, introduced ten-year work permits. Until now, the maximum any foreign employee could be approved for was a five year work permit. The Cayman government amended its immigration policy on October 16 to reflec...

The re/insurance industry’s outsourcing of catastrophe risk modelling is a “dangerous phenomenon” that introduces an unacceptable level of volatility in insurance markets, the CEO of Validus Re warned. Speaking at a Guy Carpenter symposium in Baden-...