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Bermuda-based insurance and reinsurance giant Catlin has increased its cash and investments to more than $9 billion, according to its latest figures. The interim results for the firm to the third quarter of the year show a total of $9.08 billion in c...

International accountancy and consultancy firm EY is to host a global hedge fund symposium in Bermuda. Experts from the firm and throughout the industry will examine the state of hedge funds and announce the results of its annual global survey. Econo...

Bermuda is the most secretive UK offshore territory, according to an influential British think tank on tax. Now the Tax Justice Network (TJN) has written to the Queen asking her to intervene to tackle “tax havens and secrecy jurisdictions” where she ...

The increased demand for reinsurance and the tough environment for traditional ways of providing it is to feature at a major conference on the island next week. But delegates will hear that — while low yields, mounting capital demands and price compe...

Bermuda reinsurance firm SAC Re is still on the hunt for a buyer after a US firm owned by a major investor was fined a record $1.8 billion in the US on charges of securities and wire fraud. Steven Cohen’s Connecticut-based SAC Capital, a hedge fund, ...

A major conference focusing on reinsurance is to held next week. And Economic Development Minister Grant Gibbons is slated to give the keynote address to the eighth annual Bermuda Reinsurance Conference. Run by accountancy firm PwC with ratings agenc...

Bermuda’s rate of mergers and acquisitions has hit $8 billion in the third quarter of the year — up ten percent on the same period in 2012, a new report has revealed. Offshore legal specialists Appleby, in its Offshore-i report, said the Island was i...

Retail sales on the island slumped by nearly 4.5 percent in September compared to the same month last year, the latest Government figures have revealed. But — after adjusting for inflation, measured at two percent in September — the volume of retail ...

Investor confidence is on the rise, offshore legal specialists Appleby said yesterday. A report by the firm on the third quarter of the year said 538 offshore deals worth $34.5 billion had been done and that “positive signs” of a recovery from recess...

IT firm QuoVadis data storage requirements have rocketed by 800 percent in just two years, the firm said yesterday. The news came as QuoVadis announced it has upgraded its cloud computing systems in a bid to provide its customers with high performanc...