Log In

Somers Ltd reported a $6 million profit for the quarter ended June 30. The financial-services investment holding company, which owns Bermuda Commercial Bank and holdings in the UK and Australia, said it had benefited from currency fluctuations during...

A Bermudian-registered investment fund has been ordered by the Supreme Court to wind up because the island’s financial regulator found it had breached several regulations. The Bermuda Monetary Authority petitioned the Supreme Court to wind up Cumulus...

Somers Ltd has announced the surprise sale of its entire investment in Britain’s Ascot Lloyd Holdings. The price of the transaction has not been disclosed, however Somers held a 51 per cent controlling stake in independent financial advisers Ascot Ll...

Bermuda-based investment fund Thema is to fork out $130 million to repay victims of US fraudster Bernie Madoff. Thema was among many feeder funds that directed cash to Madoff’s New York-based investment advisory business, often without their clients’...

Tucked away on one of the most stunning stretches of South Shore is a beach hangout with a difference. And although there has been no great fanfare surrounding its arrival, its presence in Bermuda is significant. The island’s hosting of the 35th Amer...

Financial services investment company Somers Ltd yesterday announced a net loss of $6.6 million for the six months to the end of March. However, the parent company of Bermuda Commercial Bank and part owner of several businesses in Britain and Austral...

Bermuda is ahead of the game on cybersecurity compared to Caribbean countries — but only slightly. A multi-regional survey by professional services firm KPMG found that the island was “slightly more prepared” against cyberattacks, with 15 per cent of...

Nordic American Tankers is experiencing lower daily charter rates for its fleet of 30 Suezmax tankers during this quarter than it did in the first three months of the year. However, Herbjørn Hansson, chief executive officer, said the rates remain wel...

A Bermudian has become the head of Florida’s third biggest credit union. Timothy Antonition is the new president and chief executive officer of Space Coast Credit Union, which has $3 billion in assets. Mr Antonition, already identified as the next CE...

Senior corporate leaders praise Bermuda’s world-class talent, innovation, respected regulation, and ease of doing global business from the island in a new testimonial campaign video released by Bermuda Business Development Agency (BDA) today. Brian D...