British Airways cabin crew with the Unite union are being balloted on strike action that could take place over the Christmas holiday period.
The union said on Monday it will announce the results of th...
Bermuda reinsurer Montpelier Re Holdings Ltd. posted third-quarter net income of $148 million on strong underwriting results and gains in the value of investments.
The result was a spectacular rebound...
Bermuda insurer Axis Capital Holdings Ltd. last night reported a net loss of nearly $100 million, driven by permanent impairment of some investment assets and a fall in the value of an insurance contr...
Bermuda is the seventh most secretive financial jurisdiction in the world, according to the Tax Justice Network.
The survey of laws, practices and size of inflows of 60 jurisdictions gave Bermuda an "...
Bermuda-based White Mountains Insurance Group Ltd. swung to profit and increased its book value by seven percent in the third quarter, despite falling premium revenues.
The group, which includes insur...
Bermuda-based Intelsat Ltd. announced that it was the successful bidder in last Thursday's public auction for the Protostar 1 satellite with a $210 million, all cash offer.
The seller Protostar, also...
Finance Minister Paula Cox agrees with UK Treasury investigator Michael Foot's conclusion that a more diversified tax base could help to defend Bermuda against the impact of economic shocks.
She added...
A British Treasury minister yesterday said UK offshore financial centres like Bermuda should broaden their tax bases to better withstand economic shocks.
The comments from Stephen Timms, a junior UK f...
Two directors have resigned from the board of the fund whose listing was suspended by the Bermuda Stock Exchange (BSX) after another board member was charged in an insider trading case.
The BSX announ...
Bermuda insurer American Safety Insurance Holdings, Ltd. last night reported net earnings of $5 million for the third quarter, as underwriting revenue soared.
The company said that gross premiums writ...
