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LOM Financial Ltd achieved a 282 per cent rise in profit last year, to $4.83 million, driven by increased revenue from broking fees and gains on securities. The company’s assets under administration rose from $1.2 billion at the beginning of 2020, to...

Bermudian-based drinks giant Bacardi Ltd has promoted Kerry Carr to the company’s global leadership team. In her expanded role as SVP, global performance management, Bacardi said Ms Carr adds revenue growth management and Bacardi Enterprise Services ...

Veteran insurance executive Ying Teoh has been appointed to the position of global head of customer proposition, HSBC Life and Insurance Partnerships. HSBC Life is the HSBC Group’s insurance business. In her new position, she will lead HSBC Life’s Be...

Bermuda’s business and community leaders have lauded the Bermuda Government’s climate initiative for emphasising environmental responsibility while also encouraging sustainable, equitable growth. In a statement issued through the Bermuda Business Dev...

As part of its strategy to foster sustainable, equitable growth in Bermuda, the Bermuda Business Development Agency, led by Government and in collaboration with the private sector, has launched an initiative to establish and promote the jurisdiction ...

Professional-services company Acumen Group has partnered with software firm Blue Bison to offer a state-of-the-art payroll services platform. Bermuda-based Acumen, which processes about 35,000 payslips annually, said it is seeing growing demand from ...

Google has moved Google Ireland Holdings Unlimited Company’s tax residency from Bermuda to Ireland, according to a report. It has also stopped licensing its intellectual property from Bermuda, and now does so from the US, as it indicated it would in ...

Environmental, social and governance issues are becoming increasingly important for public companies, the chairman of the Bermuda Business Development Agency told an international forum. Stephen Weinstein said: “Increasingly, public companies – which...

Cryptofinance company XBTO International, which is incorporated in Bermuda, has donated $50,000 towards the cost of running the Bermuda Hospitals Board’s vaccination clinic. It made the donation in response to an appeal by the Bermuda Hospitals Chari...

Disgraced American fraudster Bernie Madoff, who operated a $17.5 billion Ponzi scheme has died in prison, at 82. The scheme was the largest in history, and collapsed in 2008. Bernard L. Madoff Investment Securities LLC, which Mr Madoff founded, was l...