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Congressional Republicans are claiming that US President Joe Biden’s promises over the global tax initiative amount to “global tax surrender”, creating higher taxes, fewer jobs for Americans and a windfall for foreign competitors. They say the Biden ...

The Covid pandemic axe has fallen on a major cruise ship line. Representatives for its principals are this week in Bermuda’s Supreme Court scrambling to save the company from going bust. Crystal Cruises, the subsidiary, had its ship Crystal Serenity ...

The OECD’s effort to push through the controversial global minimum tax model rules may come to an abrupt halt, after the world body received a warning that the rules are not expected to work as intended. The OECD (Organisation of Economic Co-operatio...

For Lloyd’s of London, Brexit led to the most complex commercial transaction needed to establish a company in Europe, and the world’s most expensive insurance start-up, says Lloyd’s CEO John Neal. He is presiding over the continuing makeover — dustin...

Through Britain’s forced economic separation from the Continent, Lloyd’s of London is far more focused on emerging as a more digitally conscious entity in preparation for its leadership role in the 21st century’s new insurance world order. Part of th...

A global agreement by more than 130 countries to change corporate income tax rules may be in trouble of falling apart. This from a global tax advocate whose organisation has been claiming that Bermuda and several other countries have been corporate t...

The bankrupted branded apparel, footwear and brand management company Global Brands Group Holding Limited (GBG), has been formally put into liquidation by the Bermuda Supreme Court after football legend David Beckham and music and business impresario...

The Bermuda-based Aeolus Keystone fund, which specialises in property catastrophe insurance coverage, is about to lose a key client as a result of Monday’s vote of the Arkansas Teacher Retirement System's trustees. After advice from a consultant, the...

The Bermuda registered owner and operator of one of the world's largest land-based drilling rig fleets, is in an Algerian court today (Monday), facing a multimillion-dollar judgment — a ruling against the company that Algeria’s Supreme Court has alre...

PwC, the network of professional services firms in 155 countries, has announced a new strategy and commitment to invest in digital, diversity and ESG with a $12-billion investment over the next five years. It will create more than 100,000 new jobs g...