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The Esso City gas station, in Hamilton, is switching to new operators from the end of the month. H and M Service Stations will replace FC Service Station Ltd, run by Craig Cannonier, the Bermuda Government Minister for Public Works, which has operate...

Fidelis Insurance has announced a new chief investment officer. Laurent Jeanmart will replace Ed Russell and report to Neil McConachie, the group chief financial officer. Mr Jeanmart said: “Fidelis has advanced rapidly since its formation and its ver...

Island jurisdictions like Bermuda should grab public-private investment opportunities and worry less about risk and the small print in contracts. The view came in a report by professional services firm KPMG into infrastructure in island regions. The ...

Last week I attended the 69th Annual CFA Institute Conference. It was a whirlwind event chocked full of excellent presentations ranging from Fintech to mindfulness. I usually come away with pages upon pages of notes and material to look at further an...

Bermuda’s laws are to be beefed up to clamp down on bribery and corruption. A special committee set up to recommend changes in the law last week published an information paper to keep the country in line with international standards. And new bribery ...

Utilities firm Ascendant is to use cash raised from the sale of Bermuda Gas to buyback up to 1.5 million of its own shares. The purchase would represent more than 14 per cent of the outstanding shares in the company. Walter Higgins, the Ascendant pre...

Bob Richards, the Minister of Finance, is in London and is expected to join a number of global leaders today at an anti-corruption summit. The event comes only a month after millions of documents were leaked from Panamanian law firm Mossack Fonseca, ...

NEW YORK (Bloomberg) — Athene Holding Ltd, the Bermudian-based annuity provider, is planning to float on the New York Stock Exchange. The company, which has strong ties to private-equity firm Apollo Global Management, expanded substantially last yea...

HSBC Bermuda is backing green energy with a new loans scheme. The bank said that its new Green Loan scheme was a simple and affordable way for customers to invest in solar energy and energy-saving products. The deal offers 100 per cent financing, HSB...

Bermuda’s current account surplus in the fourth-quarter of 2015 was $204 million, down $38 million on the same period in 2014. The deficit on the goods account decreased $7 million to $223 million. There was a $49 million surplus in services transact...