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Bermuda companies accounted for $7.86 billion worth of deals in the second quarter of this year amid rising global merger and acquisition (M&A) activity, it was revealed yesterday. The total of 88 transactions on the Island averaged out at $89 millio...

The Caymans subsidiary of Bermuda telecoms firm KeyTech has made at least a dozen people redundant from a recently-bought cable company. KeyTech’s Logic took over rival cable firm WestStar only last week, selling off BTC in Bermuda to a group of inve...

Peter Everson said: “Bermuda always prospers when other countries face uncertainty,” pointing to the US War of Independence; US Civil War, First World War and Second World War, all of which provided economic benefits to the Island, primarily in its r...

Apex Fund Services founder Peter Hughes has stepped down as chief executive officer after running the company for ten years. Apex today named Bill Salus as the new man at the helm, with immediate effect, while Mr Hughes will become chairman. From its...

A top Brazilian lawyer has been appointed as a director of Clarien Bank. Ronaldo Veirano, a founding partner of one of Brazil’s leading law firms, is an expert in regulatory law and international trade. He has been decorated by the Brazilian governme...

The parent company of Bermuda Commercial Bank said profit more than tripled to $15.3 million during the first nine months of its fiscal year. Somers Ltd, whose investments also include stakes in several financial services firms in the UK and Ireland,...

A Bermuda business chief yesterday refused to capitalise on Caymanian woes over landing on a UK list of “high risk” countries for financial crime. The Caymans spent less than two months on the 95-strong list UK Financial Conduct Authority (FCA) of pl...

Telecoms firm KeyTech has bought a TV firm in Cayman — and sold off its stake in BTC for $30 million. KeyTech’s subsidiary WestTel Ltd (Logic Cayman) has bought up British Overseas Territory Cable & Telecommunications Ltd, (BOTCAT) which owns Cayman ...

Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities (ILS) to Bermuda in a prestige European magazine aimed at business leaders. And Mr Wojciechowski said that the Island’s track rec...

Bermuda-based beverage giant Bacardi Ltd has appointed Kevin McNamara as chief financial officer and senior vice-president. The 47-year-old succeeds Joseph Schena, who left the company for another opportunity. Mr McNamara most recently served as corp...