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Three local vendors have won Government’s tyre contract in a move saving taxpayers $170,000, Premier Paula Cox revealed yesterday. The Procurement Office reached out to companies who may have been unaware that the contract had been put out to tender,...

Former Bermuda Land Development Company chairman Ed Saunders says Premier Paula Cox should apologise to him and former deputy chairman Leroy Bean for her “presumption of guilt” over the Auditor General’s conflict of interest allegations. Mr Saunders...

The Bermuda Land Development Company was owed close to $2.5 million in arrears by a host of tenants and clients including political leaders, election candidates and prominent business figures as of September 2009, according to the company’s former ch...

Former deputy chairman of the Bermuda Land Development Company Leroy Bean says he is considering taking legal action against the Auditor General unless she issues a public apology for claiming he breached his fiduciary duties to the board. Auditor Ge...

SAN FRANCISCO (Bloomberg) — Former accountant with Bermuda-based Marvell Technology Group Ltd, Stanley Ng, was sentenced to two years’ probation for his role in an insider-trading scheme involving so-called expert networking firms. Ng, who was the Se...

Bermuda-based MS Frontier Re is celebrating its tenth anniversary this year and received a multi-million dollar present from its parent company. The property catastrophe reinsurer, received a capital injection of $150 million from Tokyo-based Mitsui ...

Axis Capital Holdings Ltd last night reported a $122 million profit for the first quarter of this year as CEO John Charman noted a “cycle change” was under way, bringing firmer pricing for many lines of business. The net income, which broke down to 9...

Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster. Aspen also wrote more business and its operating earnings of 88 cents per share han...