Log In

Drinks giant Bacardi has launched a fresh salvo in a rum war with Cuba. For Bacardi is to mount a major marketing push for its Havana Club brand — a trademark whose ownership is disputed with the Communist regime in Cuba. The trademark originally bel...

Bermudian insurance firm Argus aims to acquire a Maltese broker in a bid to diversify and expand its global reach. Alison Hill, chief executive officer of Argus, said the firm is to acquire Island Insurance Brokers on the Mediterranean island. Ms Hil...

Bermuda Commercial Bank has defended its standing after it was downgraded by a ratings agency. Debra Shields, BCB’s interim chief executive officer, said the bank had been strengthened by its acquisition of UK-based Private & Commercial Finance Group...

Fitch Ratings has affirmed Butterfield Bank’s viability rating at “bbb-” and says it expects the bank’s earnings to improve in the coming years. Fitch has a positive view on the Butterfield’s “strong market position, liquid balance sheet, and solid ...

OSLO (Bloomberg) — Seadrill Ltd, the offshore rig company domiciled in Bermuda, said operating earnings beat forecasts as the company deepened costs cuts to weather a market downturn provoked by the collapse of oil prices. Earnings before interest, t...

Financial services firm Estera last night celebrated its independence with a party at the Bermuda National Gallery in Hamilton. But the company — which was Appleby Fiduciary Services until a management buyout at the start of the year — said it would ...

LONDON (Bloomberg) — The global fight against corruption should focus on major jurisdictions rather than bullying small territories, the heads of government of two offshore centres told world leaders. Addressing an anti-corruption summit in London ye...

In the second of a two-part series, Stephanie Paiva Sanderson, Corporate Attorney and Chair of the Industry/Government Joint Committee on Fatca and CRS analyses recent developments in the global effort to increase transparency and how Bermuda is part...

David Cameron, the British Prime Minister, yesterday admitted some Overseas Territories are ahead of the UK in financial regulation. And Finance Minister Bob Richards said he had no doubt Mr Cameron meant Bermuda. Mr Richards, who attended the UK’s a...

KINSHASA (Bloomberg) — Democratic Republic of Congo’s state-run miner Gecamines said it wasn’t informed about the sale of one the country’s biggest copper projects by Freeport McMoran and it plans to investigate the deal in order to “assert its right...