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Credit Suisse Life (Bermuda) was described as having “no role of substance”. That description came during the closing arguments of a case that has pitted a post-Soviet era oligarch and former Prime Minister of Georgia against the banking giant’s Ber...

In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclosed that most of the proceeds of the bank sale are in a loan to the buyer. Somers had report...

Veteran trusts and private wealth lawyer Stephanie Bernard has joined Carey Olsen Bermuda Limited as counsel. The firm said that Ms Bernard has extensive and in-depth experience advising individuals, fiduciaries and companies on all aspects of Bermud...

West Hamilton Holdings Limited posted a net profit of $6.86 million in the fiscal year ended September 30, the highest reported profit for the company since inception. The Bermudian-based company said that compares with a loss of $400,000 at year-end...

Jean Claude Garzia has been in the restaurant industry in Bermuda for 41 years, but says the last two years have been the hardest. The sign outside his Victoria Street eatery, JC’s Cafe & Bistro, reads: “At last we are open … again”. It has been the...

Bermudian-based Bacardi Limited distributed more than 250 grocery totes filled with food items and grocery vouchers to Bermuda bartenders who continue to be economically impacted by the Covid-19 crisis. The largest privately held spirits company cont...

Business owner Alfonso Harris has doubled down on the olde towne. Mr Harris, the long-time proprietor of Churchill’s wine and spirits store in the Town of St George, has added a second shop, Winston’s Wines, to his portfolio. The 59-year-old said: “I...

Ryan Parris and Alyssa Cardoso, of the professional services firm KPMG in Bermuda, have successfully completed their Chartered Professional Accountant (CPA) Canada accounting exams. The firm said Mr Parris joined KPMG in Bermuda’s audit department i...

Fintech company Circle’s CEO Jeremy Allaire and other cryptocurrency industry executives testified before the US Congress today. Circle International Bermuda Limited, a Circle subsidiary, was the first company to achieve a full licence under Bermuda’...

The Bermuda office of international law firm Appleby has added corporate lawyers Katie Blundy and Carl Meyer to its practice. Ms Blundy is an associate in the corporate department, practicing in all areas of corporate and commercial law, including ca...