Two accountants at the Bermuda-based office of the Arthur Morris Group of Companies have been handed the considerable task of assessing what is required to manage the winding up of the IPOC Internatio...
The allegation that a US intelligence-gathering firm had bribed an employee of KPMG Advisory Services, the company hired by the Bermuda Finance Ministry to carry out an inspection of the IPOC Fund, pr...
Bermuda will receive around $22.5 million as its share of funds confiscated from the IPOC International Growth Fund, as agreement was reached to wind up the fund in Supreme Court yesterday.
Around $45...
Bermuda-based credit protector Primus Guaranty Ltd. posted a record quarterly loss of $670.1 million yesterday, on the decline in market value of its credit swap portfolio.
The loss broke down to a ne...
Bermuda-based Flagstone Reinsurance Holdings Ltd. reported a seven-percent fall in profits on a dip in investment returns.
The 'Class of 2005' reinsurer achieved improvements in its underwriting perfo...
CellularOne owners Bermuda Digital Communications recorded revenue of $5.3 million in the first quarter of this year.
Results published by US telecommunications company Atlantic Tele-Networks (ATN), w...
An American company which won a multi-million-dollar US government contract to train police officers in Iraq has been accused of using its Bermuda-based shell company to shield itself from US taxes.
Y...
Bermuda reinsurer Validus Holdings Ltd. yesterday reported a 17-percent increase in net income, thanks in part to its acquisition of Lloyd's specialty insurer Talbot.
Validus said its net income for t...
Bermuda-headquartered Ace Ltd. last night announced its net income fell 46 percent after it suffered investment losses.
Profits plunged to $377 million, or $1.10 per share, compared to $701 million la...
Bermuda-based Axis Capital Holdings Ltd. yesterday reported record first-quarter earnings of $238 million, up four percent on the same three months last year.
Broken down, the earnings amounted to $1....
