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Somers Ltd posted a $16.8 million loss in the last three months of last year, driven by a decrease in the market value of its investments and currency fluctuations. The loss resulted in a 4.6 per cent decrease in Somers’ net asset value per share dur...

Financial-services consulting firm Oyster Consulting (Bermuda) Ltd has hired Ann Daniels. She will be providing consulting services with an emphasis on anti-money laundering, countering finance of terrorism and risk compliance. Ms Daniels brings mo...

An American technology company has launched a platform designed to provide liquidity for a planned digital-asset exchange in Bermuda. Fundamental Interactions Inc’s product allows an automated market maker to refactor quote feeds from an active exter...

Somers Ltd has agreed to the conditional sale of its majority stake in UK firm Stockdale Securities Ltd to Shore Capital Markets Ltd in a deal worth up to £4.9 million ($6.3 million). The move follows Somers’ agreement to sell Bermuda Commercial Bank...

Drinks giant Bacardi is on the rock for good, its chief executive has promised. Mahesh Madhavan said that the Cuban-founded company was committed to Bermuda as its global headquarters. Mr Madhavan added: “We have completed 157 years of the company — ...

When Sharon Jacobs and Lynette Smith started at HSBC Bermuda they never imagined they’d spend the next 50 years there. “I was just excited to have my first job,” Ms Smith said. The year was 1968. The company was still known as the Bank of Bermuda, h...

Professional services firm KPMG has released its annual Corporate Citizenship Report outlining the firm’s support of community initiatives during 2018. The firm focuses its efforts on youth development, education, health, and the environment. Its cor...

Apex Group Ltd, a fund administration company founded in Bermuda 16 years ago, today announced that it has completed the successful closing of the acquisition of private equity administrator Ipes. The company said the acquisition adds $165 billion in...

A fintech-friendly bank is to set up on the island and David Burt will be revealing details next week, according to a media report out of Switzerland. The Premier made the revelation in an interview today with the BBC’s Priya Patel at the Consensys L...

With CEOs worrying more about political stability and protectionism around the world, Bermuda needs to keep obstacles to international business to a minimum to remain competitive. That is the view of Arthur Wightman, PwC Bermuda leader in response to...