The Neal bill has come under fire from the German ambassador to the United States, who says it could violate the US-Germany tax treaty.
Ambassador Klaus Scharioth expressed the views of the German gov...
Bermuda-based Platinum Underwriters Holdings Ltd. saw profits rise 26.5 percent in the second quarter compared to the same period last year, while book value growth was in double digits for the period...
Financial regulator the Bermuda Monetary Authority yesterday took another step toward achieving regulatory equivalence with new European Union solvency rules for insurers.
The BMA announced the releas...
Suggestions that the yield was too generous on the Bermuda Government bonds sold this week have been described as "under-informed" by HSBC Bermuda chief executive officer Philip Butterfield.
HSBC mana...
Strong Democratic opposition to the Neal bill surfaced in Washington yesterday as Bermuda's reinsurance industry came under the scrutiny of US lawmakers.
The bill — which aims to raise more taxes from...
The Bermuda Government yesterday raised $500 million in a public bond offering that was six times oversubscribed.
Government will pay a fixed interest rate of 5.6 percent on the 10-year bonds, or a to...
Government is today set to try to raise up to half-a-billion dollars in a sale of 10-year bonds.
According to an explanatory note sent out to some financial institutions yesterday, Government intends ...
Shares of Ace Ltd. soared nearly five percent on Friday after the news that the company is to be readmitted to the Standard & Poor's 500 Index.
The global property and casualty insurer, which has subs...
Argus Group Holdings Ltd. today announced a net full-year loss of $18.4 million - due mainly to the plunge in value of its stake in Butterfield Bank after what chief executive officer Gerald Simons d...
Bermuda ranks number 22 in the world in terms of its use of information communication technology.
That is according to the latest Economist Digital Economy Rankings, formerly known as the E-Readiness ...
