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Long-running pharmacy People’s has opened a second store in the acute care wing of the King Edward VII Memorial Hospital. Tamara Richardson, vice-president of People’s, said: “We were very happy to have been chosen by Bermuda Hospitals Board to partn...

Value. At this time of year we hear a lot of ads about value. In order to really understand this we need to know what real value means to you. If you are buying something for yourself or another person then this measure is really the worth, importan...

Insurer Neon has appointed two industry veterans as non-executive directors of its Bermuda arm. Tom Hulst, who more than 20 years’ experience in insurance and reinsurance, most recently as CEO of Ariel Re, and Gavin Hunter, who most recently was chai...

Bermudian reinsurer Validus Holdings Ltd said yesterday that its top executive had sold 273,000 shares of the company on the open market. Ed Noonan, chairman and chief executive officer of Validus, sold the stock to satisfy outstanding tax-related ob...

Global charity Oxfam should correct the report that ranks Bermuda as “the world’s worst corporate tax haven” as it is strewn with errors. That is the view of the Association of Bermuda Insurers and Reinsurers, which represents many of the island’s la...

Bermuda-based Oil Insurance is to pay a $200 million dividend to its members. The cash, to be paid out at the end of the month, is in addition to the $200 million it gave back to members at the end of March. The mutual insurer for the energy industry...

Telecoms firm Digicel has been honoured by technology giant Cisco. Digicel was awarded the Cisco enterprise working partner for 2016 for Central America, North America and the Caribbean. Niall Clyne, head of Digicel Business, said: “This award is ver...

The telecommunications industry regulator has launched an investigation into billing errors by phone firm BTC that led to business customers being hit with extra charges for services dating back a year. The Regulatory Authority stepped in after membe...

Bermuda is “the world’s worst corporate tax haven”, according to a report due to be released today by Oxfam. The global charity found that US multinational companies reported $80 billion in profits in Bermuda in 2012 — more than their profits reporte...

Bermudian-based insurer and reinsurer Axis Capital Holdings Ltd will be among the first commercial tenants to move into London’s newest office tower, known as The Scalpel. The company will house its UK operations in 31,000 square feet on the second a...