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Premier David Burt met senior executives in New York City this week with the aim of building business relationships and attracting investment to the island. The two-day visit was arranged by the Bermuda Business Development Agency, whose head of busi...

The family that owns Bermudian-based Bacardi has committed $3 million for disaster relief and recovery efforts in the wake of devastation caused by hurricanes Irma and Maria and the earthquakes in Mexico. The spirits giant, whose headquarters are on ...

Bermuda’s drive to diversify its economy is receiving a helping hand from Bermudian Carika Weldon, a lecturer in biomedical science in Britain. She initiated this year’s Bermuda Principles Impact On Splicing conference, and she is spearheading its re...

Bermuda is entering conference season, with at least a dozen events in the next three months to attract participants in a range of industries, according to the Bermuda Business Development Agency. They start off on September 10-13 at the Fairmont Sou...

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...