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A top Swiss cybersecurity firm has completed its acquisition of Bermuda’s QuoVadis Holdings. WISeKey, a specialist in the “internet of things” as well as security, said the takeover will reinforce its position as a market leader. Carlos Moreira, chai...

Bermuda notched up one-fifth of all offshore deal value last year. And the island was home to the biggest transaction of 2016, according to Offshore-i, published by law firm Appleby. But the total volume and value of offshore deals was down on the pr...

International charity Oxfam has singled out Bermuda’s HSBC in a major report on the use of tax havens by the top 20 European banks. The Oxfam report said that 26 per cent of profits generated by the top 20 banks in the EU were made offshore — althoug...

A total of 29 island-based lawyers have won global rankings in a prestigious legal listing. Conyers Dill & Pearman topped the Bermuda rankings with 17 lawyers listed, some at Band 1, by the Chambers Global Guide. Law firm Appleby was in second spot w...

Bermudian firm First Atlantic Commerce has joined forces with a major US secure payment technology firm to boost data security. The company will use Atlanta-based Bluefin Payment Systems’ payment card industry-validated point-to-point encryption (P2P...

The chief executive officer of Bermudian-based Bacardi is to retire next year. the company has announced. Island-based Michael Dolan, who has worked for the firm for eight years, will be replaced by company veteran Mahesh Madhavan, who is regional pr...

Financial services firm Estera has bought up an administration company based in Jersey. Estera — formerly part of law firm Appleby — finalised the deal to take over Morgan Sharpe Administration earlier this week. The new acquisition, which is subject...

Bermuda financial watchdogs have slapped a $1.5 million fine on financial services firm Sun Life Financial Investments for failing to comply with anti-money laundering and antiterrorist financing laws. And the Bermuda Monetary Authority has banned th...

The island office of global giant Marsh and Guy Carpenter is in the top five around the world for community volunteers. The company, part of professional services firm Marsh & McLennan, last year saw 40 per cent of its total workforce take part in vo...

A Swiss company has signed a deal to buy a controlling share in Bermuda-based hi-tech firm QuoVadis. And WISeKey, a leading cybersecurity and internet of things company, said it expects the acquisition to add more than $20 million in revenues to its ...