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A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector. And while the non-binding proposal has been rejected by the directors of DHT Holdi...

A Swiss company has signed a deal to buy a controlling share in Bermuda-based hi-tech firm QuoVadis. And WISeKey, a leading cybersecurity and internet of things company, said it expects the acquisition to add more than $20 million in revenues to its ...

Business leaders and the legal world warned that the island faces a period of “unprecedented uncertainty” as Donald Trump takes over as US president tomorrow amid campaign pledges of tax cuts and protectionism. One senior reinsurance figure said: “Th...

Bermuda’s shipping register is set to get a boost after China agreed to give island-flagged ships “most favoured” status. Captain Pat Nawaratne, head of the Bermuda Shipping and Maritime Authority, set up last year, said the move would give the islan...

Legal firm Sedgwick Chudleigh has appointed a new partner. Nick Miles, who joined the firm in 2010, joins Mark Chudleigh and Alex Potts as a partner. Mr Chudleigh said: “It is with great pleasure that we ring in 2017 by growing our partner team. “Nic...

The UK Crown Dependency of Jersey is facing a massive deficit dubbed “the black hole”. The small self-governing territory off the coast of France faces a budget shortfall of more than $178 million a year by 2019 as a result of a downturn in business....

A decades-long rum war between the Communist Cuban government and Bermudian-based drinks giant Bacardi is to feature on a top US TV news show. CBS current affairs flagship 60 Minutes will on Sunday examine the fight for control of the Havana Club bra...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

Biopharmaceutical firm Sellas has appointed financial management veteran Bill Pollett as its chief financial officer. Sellas, which develops immunotherapeutic products to treat a variety of cancers, said they were pleased to attract a CFO with Mr Pol...

The Bermuda Business Development Agency has appointed two new directors. Andrea Jackson, senior vice-president and trust relationship manager at Lombard Odier Trust Bermuda and Stephen Weinstein, senior vice-president and group general counsel at Ren...