The International Monetary Fund (IMF) clarified yesterday that it does not classify Bermuda as a "tax haven" after a story published by the Reuters financial news agency yesterday suggested otherwise....
Bermuda will continue to thrive in the global insurance market but it will face significant challenges in the years ahead, according to credit rating agency Fitch Ratings.
In its first commentary spec...
Bermuda-based Scottish Re announced yesterday chief executive officer George Zippel's term of employment will be cut short and will terminate on July 31 this year.
In addition, chief financial officer...
The Bombay Palace restaurant has closed after being bought by its former cashier and will be reborn in May as The Caribbean Queen.
Linna Kumar decided to take the plunge into business ownership when h...
Bermuda Press Holdings Ltd. reported a 17-percent rise in full-year profits in 2007, on the back of a $1.6 million rise in revenue.
The parent company of The Royal Gazette announced on Friday that net...
Billionaire investor Wilbur Ross has agreed to make up to a $1 billion investment in Bermuda-based bond insurer Assured Guaranty Ltd.
The bond insurer said this morning that WL Ross & Co. will purchas...
Amlin Bermuda's contribution helped UK-based parent company Amlin post full-year profits of $881.3 million for 2007.
The Island-based reinsurance arm of the Lloyd's of London insurer wrote $465.8 mill...
Finance Minister Paula Cox does not believe that Bermuda is likely to suffer anything similar to the ever-widening international tax evasion probe being focused on Liechtenstein.
Both German and Briti...
The number of people signed up to registered pension plans in Bermuda almost doubled in 2006, according to the Pension Commission's annual report, tabled in the House of Assembly last Friday.
As of th...
Plans for a change in US tax rules that could have driven more captive insurance companies to Bermuda have been scrapped.
US tax authority the Internal Revenue Service (IRS) had proposed to prohibit c...
