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The Bermuda Stock Exchange listed financial services investment holding company, Somers Ltd., has reported a net loss over the second half of the year and substantial declines in shareholders’ equity and net asset value per share in its full year res...

Bacardi, the drinks giant based in Bermuda, has been recognised by Forbes as one of the world’s top female-friendly companies. The prominent list and results are based on an independent survey of approximately 85,000 women working at multinational in...

The Privy Council has ruled against the Bermuda Court of Appeal in a Bermuda purpose trust case which challenged the decision of the trustees of a multibillion-dollar Taiwanese plastics fortune to remove the settlors’ family members as beneficiaries....

Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long distance licence by the Indian Government. This award e...

Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency. Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen Weinstein in the chairman’s role. Mr Weinstein is...

Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has reported. The bank is the first to be licensed to issu...

The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winchell. Mr Winchell, who occupied the seat for 16 yea...

Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today. Based in Sweden and reporting to HP van Asselt, global head of corporate products & growth, Mr Edgren will be responsible for leading the deliv...

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland. Under the proposal, Bunge would become a Swiss corporation. T...

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court. And the appeals ...