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Barack Obama's election as US president could bring an indirect boost to Bermuda business — if the Island's governing party embraces the message of inclusiveness that propelled the Democratic candidate to a resounding victory this week. That is the v...

Bermuda is described as an "offshore secrecy jurisdiction" in legislation put forward by Sen. Obama himself, in conjunction with Sen. Carl Levine and Sen. Norm Coleman. The Stop Tax Havens Abuse Act names Bermuda and 33 other jurisdictions, including...

Bermuda's insurance industry will face "policy challenges" with the new Obama administration on international business taxation and the management of natural catastrophe risk. That is the view of Bradley Kading, of the Association of Bermuda Insurers...

The value of Bermuda's insurance industry to the US economy means Barack Obama is unlikely to push for legislation that would damage it after he takes office as the US President next January. That's the view of Association of Bermuda International Bu...

Bermuda insurer and reinsurer Argo Group made a net third-quarter loss of $8.8 million on hurricane and investment losses, the company announced last night. Claims resulting from Gustav and Ike are likely to add up to $60 million, Argo said in its ea...

Flagstone Reinsurance Holdings Ltd. last night reported a net loss of $186.5 million for the third quarter, as it revised its expected losses from hurricanes Gustav and Ike upwards by $30 million and announced a negative 7.2 percent return on investm...

XL Capital Ltd. and American International Group were both downgraded by stock analysts on Friday — but the two insurers received very different responses from the market. Bermuda-based XL was downgraded from "buy" to "neutral" by Banc of America Sec...

Bermuda and Germany have begun talks on a tax information exchange agreement. A Government statement sent out last night said officials from the Finance Ministry and the Attorney General's Chambers had concluded the first round of negotiations on the...

Mortgage holders received a boost yesterday when both the Bank of Bermuda and Capital G Bank announced a 0.5 percent cut in lending rates. The banks' action followed yesterday afternoon's move by the US Federal Reserve to cut its influential Fed Fund...

Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001. He said the erosion of capacity, due to widespread catastr...