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Two major firms with a presence in Bermuda officially merged yesterday in an $18 billion deal. Insurance and reinsurance firm Willis, which has offices on Pitts Bay Road, Pembroke, started operations in partnership with Towers Watson, a professional ...

Bermuda-based insurance and investment firm Old Mutual has been bought by Beechwood Bermuda. Old Mutual, which has more than $1 billion in assets, closed for new business in 2009. Now Beechwood, a major provider of international investment plans that...

A food truck has launched a special deal for the insurance and reinsurance business. The Smokin’ Barrel is offering 10 per cent off as the industry works overtime following the January renewal season. Chef Richard Reno said: “It’s renewal season and ...

The management buyout of the fiduciary arm of legal firm Appleby, backed by London-based private-equity firm Bridgepoint, has been completed. The deal means the fiduciary and administration segment of the offshore law firm, which has 350 employees, p...

A new cross-party group of British MPs and peers is to examine Britain’s tax system — and will consider the abolition of corporation tax. The group, which will start its deliberations in the new year, will quiz government ministers and business leade...

Bermuda has come under the spotlight in a front-page article in the prestigious New York Times highlighting the use of the Island by US hedge fund managers who have pumped millions into presidential campaigns. The article said that hedge fund magnate...

A beach bar is open for business — months after it would normally close for the off-season. The Tobacco Bay Beach Bar and Grill opened up shop because of a combination of warm weather and a high number of tourists in St George’s. Bar manager Stefano ...

Personal finance website GOBankingRates has labelled Bermuda a tax haven. The Island features in an article highlighting the top ten tax havens worldwide. Bermuda figures at number seven on the list, alongside the Cayman Islands, the Bahamas and Jers...

Bermuda’s business chiefs will be out in force at next month’s World Captive Forum. The event, to be held in Florida, will include several speakers from Bermuda including lawyers, regulators and business leaders. And Bermuda delegates will use the ev...

US Democratic presidential hopeful Bernie Sanders has pledged a crackdown on tax avoidance involving Bermuda and other offshore jurisdictions. Mr Sanders, currently trailing Hillary Clinton in the race for the nomination as presidential candidate, ma...