75903 results returned for search: "" category "Business"
WASHINGTON (Bloomberg) — The US Treasury Department said it’s considering ways to end a “loophole” that allows hedge-fund managers to avoid taxes by routing their investments through reinsurance companies in low-tax countries like Bermuda.
The Treasu...
DATE: Sep 12, 2014
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CATEGORY:
Reinsurance
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A major conference focusing on life and annuity reinsurance is to be held next week.
The Bermuda International Long Term Insurers and Reinsurers (BILTIR) is hosting the first Bermuda Life Conference on September 18.
One of the founding directors an...
DATE: Sep 12, 2014
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CATEGORY:
Reinsurance
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Spending on information and communication technology (ICT) capital goods has fallen by half over the past five years, Government statistics reveal.
Last year $70 million was spent on ICT goods, such as computers — down $22 million, or 24 percent, fro...
DATE: Sep 12, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
An Island sports club aims set to put up two cabanas on its beachfront — with one to be used a summer clubhouse and the other for short-term rentals to raise income.
The move is part of ambitious plans by Watford Sports Club in Sandys to revamp the b...
DATE: Sep 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms firm Digicel has launched a new data doctor service to help iron out glitches in smartphones.
And customer care director and data specialist Jakai Franks will be appearing on TV and radio to help people get the most out of their mobiles.
Mr ...
DATE: Sep 11, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Caymans subsidiary of Bermuda telecoms firm KeyTech has made at least a dozen people redundant from a recently-bought cable company.
KeyTech’s Logic took over rival cable firm WestStar only last week, selling off BTC in Bermuda to a group of inve...
DATE: Sep 11, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Hamilton Insurance Group is in exclusive talks with the parent company of Lloyd’s managing agent Sportscover Underwriting Ltd — and the parties expect to announce a deal soon.
Hamilton CEO Brian Duperreault said he had been looking for the “right str...
DATE: Sep 11, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A cheque kiting scheme generates non-existent revenue and produces questionable account balances by taking advantage of the clearing period for a cheque, known as the ‘float period’. According to the Association of Certified Fraud Examiners (ACFE), c...
DATE: Sep 11, 2014
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CATEGORY:
Other
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With ratings agency Fitch Ratings recently publishing an update of its methodology for rating insurance-linked securities (ILS), now is a good time to explore the rise of ILS from an unconventional form of risk transfer to the conventional method of ...
DATE: Sep 11, 2014
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CATEGORY:
Reinsurance
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Peter Everson said: “Bermuda always prospers when other countries face uncertainty,” pointing to the US War of Independence; US Civil War, First World War and Second World War, all of which provided economic benefits to the Island, primarily in its r...
DATE: Sep 11, 2014
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
