Finance Minister Paula Cox has claimed the Opposition used "fiction" in an effort to score "a cheap political point" in their comments on the downgrade of Bermuda Government bonds by credit rating age...
Americans would likely have to pay out up to $12 billion a year extra for insurance premiums if Congress passes legislation that would impose higher taxes on Bermudian and other non-US insurers.
That ...
The board of IPC Holdings has urged the company's shareholders to reject the hostile takeover attempt by fellow Bermuda reinsurer Validus in favour of a merger with Max Capital.
IPC said its directors...
Bermuda-based Scottish Re Group Ltd. posted a net loss of $2.71 billion last year, the company announced last night - the biggest loss suffered by any company in the Bermuda insurance sector in 2008.
...
Finance Minister Paula Cox has lost her grip on public finances, said the Opposition after credit rating agency Moody's downgraded Bermuda Government bonds.
Acting Shadow Finance Minister Pat Gordon-P...
Bermuda business insurer XL Capital Ltd is about three-quarters of the way through the process to "de-risk" its investment portfolio, the company's chief executive officer said yesterday.
Michael McGa...
Most people think of fine wine as an expensive treat - but the managers of an unusual investment fund see it as a way of enhancing wealth.
After the Wine Investment Fund's (WIF) first five-year invest...
Retailers took a severe blow from the economic downturn as their sales declined by 5.6 percent in February — or 11 percent after inflation is taken into account.
The March figures are likely to be eve...
Disgraced Eliot Spitzer may be considering running again for his old position of New York Attorney General, according to a media report.
The news, which may send shudders downs the spines of some Berm...
Finance Minister Paula Cox signed tax information-sharing agreements with eight countries yesterday — and then said Bermuda's inclusion on the OECD's tax transparency "grey list" was "misleading".
The...
