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Bermudian-based Bacardi Ltd has acquired Patrón Spirits International, maker of a well-known tequila brand Patron. The deal, which was first announced three months ago, closed today. The two companies have enjoyed a successful working relationship, ...

Bacardi Ltd has been named among the most reputable companies in the world for the sixth consecutive year. The global alcoholic beverages giant, whose headquarters is on Pitts Bay Road, ranked 89th in the annual Global RepTrak 100 list compiled by th...

Globalisation has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents...

Schroders is looking to build up its wealth management business in Bermuda. The venerable London investment house, which has been servicing clients on the island for 49 years, re-established a physical presence on the island last year. The firm is we...

Technology giant Softbank Group has corrected four years of tax filings after Japanese authorities uncovered hundreds of millions of dollars of undeclared earnings in two Bermuda subsidiaries. The Bermuda entities were set up by two Softbank subsidia...

Funds administrator Centaur Fund Services (Bermuda) Ltd has surpassed its growth targets after nearly two years on the island and is looking to further ramp up staffing levels. Marc Weaver, chief operating officer of Centaur, said the company, which ...

Two former oil company executives have each been banned from running companies for 14 years after they received millions of dollars in secret payments through a Bermudian-based entity they controlled. Osman Shahenshah and Shahid Ullah were the ex-chi...

Bermuda will stake its claim to be a significant financial technology centre by creating a world-leading regulatory and legal framework. That was the clear message in an information session on the Bermuda Government’s plans for virtual currency and b...

A group of Bermudian entrepreneurs has launched a financial technology company that aims to offer mortgages backed by crowdfunding capital on a global scale. Bermudian-based Viva Network Holdings Ltd said its “comprehensive borderless mortgage produ...

Bermuda saw $36.9 billion of merger and acquisition deals last year, according to a report by offshore law firm Appleby. Island-based entities were involved in 402 deals which represented 15 per cent of deal volume and 16 per cent of deal value acros...