75415 results returned for search: "" category "Business"
There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure.
The package of proposals includes deepening the take from i...
DATE: Dec 12, 2022
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Vehicle sales in Bermuda were down by more than 20 per cent in August year over year, but it’s not a shortage of buyers that is the issue — it’s a shortage of cars.
The August Retail Sales Index report revealed that motor vehicle stores sales volume ...
DATE: Dec 12, 2022
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CATEGORY:
Local Business
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AUTHOR:
Duncan Hall
Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland.
Under the proposal, Bunge would become a Swiss corporation. T...
DATE: Dec 12, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court.
And the appeals ...
DATE: Dec 12, 2022
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
The Bermuda Monetary Authority was praised as a world-class financial authority by MPs in the House of Assembly on Friday.
The plaudits came after legislators passed a Bill to create a new class of innovative insurer through the Insurance Amendment A...
DATE: Dec 12, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Gareth Finighan
A Bill that aims to update the classification of securities — financial instruments such as any share of stocks on a company, bonds or debentures — under the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly on Friday.
In readin...
DATE: Dec 12, 2022
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CATEGORY:
International Business
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AUTHOR:
Sarah Lagan
The Association of Bermuda Insurers and Reinsurers CEO, John Huff, is in Tampa, Florida this week for the National Association of Insurance Commissioners Fall National Meeting.
Mr Huff is a past president of the NAIC, the US standard-setting body for...
DATE: Dec 12, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Two bond insurance subsidiaries of Assured Guaranty Ltd have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week.
On December 6, the Modified Fifth Amended Title III Plan of Adju...
DATE: Dec 12, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermuda Healthcare Services and Brown-Darrell Clinic have added a new diagnostic imager to their team.
The hiring of Kym Dumas means the clinics will be able offer extended hours for CAT and MRI scan services.
Ms Dumas has more than 30 years of exp...
DATE: Dec 12, 2022
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CATEGORY:
Local Business
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AUTHOR:
News Staff
The Argus Group has announced continued support of the Open Airways Spacer Programme with a donation of $8,360.
This is the fourth year Argus has supported the charity’s pledge to distribute at least 1,000 spacers, which cost between $12.50 and $21.5...
DATE: Dec 12, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
