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Digicel Business will become an official event supplier for Land Rover BAR at the 35th America’s Cup in 2017. The company provided telecoms solutions, data connectivity and support for the Land Rover BAR team base and Royal Bermuda Yacht Club hospita...

HSBC Bermuda is to invest $3 million in two of its Hamilton city offices. The bank plans to focus its customer services business in the Harbourfront Centre on Front Street, while most operations will be concentrated in the Compass Point building on B...

NEW YORK (Bloomberg) — Coca-Cola Co, the largest maker of soft drinks, said Evan Greenberg is stepping down from the board to focus on his duties as chairman and chief executive officer of insurer Chubb Ltd. Greenberg, 61, is resigning effective Octo...

Insurance giant Chubb has opened up the application process for next year’s internships. The Chubb Select scheme is aimed at university students considering a career in the international insurance industry. A total of six interns will be selected for...

Insurer and reinsurer Axis Capital has appointed two new senior executives. Michiko Kurahashi will become chief marketing officer, while Joe Cohen is to be chief communications officer — both newly-created roles. Ms Kurahashi said: “Axis Capital is a...

Logic Communications has urged customers with complaints about internet speeds to contact them so they can address the issues on a case-by-case basis. But Frank Amaral, chief executive officer of KeyTech, Logic’s parent company, admitted this week th...

Jonathan Kent, Business Editor Credit ratings agency AM Best has affirmed the financial strength ratings of BF&M Ltd’s operating companies. Keeping their A rating are BF&M Life, BF&M General and Cayman-based Island Heritage, while the Insurance Corpo...

W. Roger Davidson, a tenacious businessman who steered The Royal Gazette’s parent company through some of its most significant decades, has died at the age of 78. An ardent believer in the free press, Mr Davidson oversaw the newspaper’s evolution to ...

Ascendant Group Ltd’s profits rose during the first half of the year, as it sales revenue climbed after an increase in electricity tariffs. The group, which owns power utility Belco, said net income for the January-through-June period was $18.6 milli...

Clarien Bank is to close on Saturday as tropical depression Karl passes Bermuda. A spokesman for the bank said that, although there will be no access to branches, customers will be able to use the ATM area of the Reid Street, Hamilton, branch. Custom...

The Bank of Butterfield has closed its initial public offering of shares on the New York Stock Exchange. The bank put more than 12.2 million of its ordinary shares up for sale in New York, at a price of $23.50 per share. Around 5.9 million of the sha...

Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the money the bank raises from the initial...