3097 results returned for search: "" category "International Business"
Alterra Bermuda Ltd has been admitted as an eligible reinsurer for reduced collateral status by the state of New York Insurance Department.
The company, an operating unit of Bermuda-based Alterra Capital Holdings Ltd, will now be able to post collate...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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The two top reinsurance executives with Bermuda-domiciled Torus Insurance Holdings Ltd are leaving, the company has confirmed.
Bermuda-based Tim Mardon, the group's president and chief underwriting officer of reinsurance, is set to rejoin his former ...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Caterpillar Inc. used offshore subsidiaries in Bermuda and Switzerland to avoid about $2 billion in US taxes from 2000 to 2009, boosting its earnings through a “tax and financial statement fraud”, according to a Caterpillar execu...
DATE: Jul 11, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Legal attacks by the owners of the New York Mets and JPMorgan Chase & Co on the liquidator of Bernard Madoff’s bankrupt firm may cut his chances of winning $100 billion of lawsuits, reducing recoveries for its clients and undercu...
DATE: Jul 08, 2011
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CATEGORY:
International Business
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Conyers Dill & Pearman has announced the appointment of Blair Botsford to its trust and private client practice in Bermuda.
Ms Botsford brings with her extensive expertise in estate planning and administration, trusts, incapacity planning and taxati...
DATE: Jul 08, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) The corporate tax holiday on foreign profits being debated by Congress may help strengthen the dollar after its worst first half since 2006.
Companies from Pfizer Inc to Cisco Systems Inc may use the reduction in income tax on re...
DATE: Jul 06, 2011
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CATEGORY:
International Business
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Bermuda-based Kingate Management Ltd had just three employees purportedly running an operation that fed $1.7 billion to con man Bernard Madoff’s company in New York and racked up hundreds of millions of dollars in fees.
More light has been shed on Ki...
DATE: Jul 06, 2011
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CATEGORY:
International Business
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LONDON (Reuters) HSBC Holdings Plc is poised to axe about 700 jobs in its UK retail bank arm, as swingeing staff cuts begin in earnest at banks across Europe stung by a limp economic recovery, trading woes and tougher regulation.
The fresh round of ...
DATE: Jul 01, 2011
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CATEGORY:
International Business
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CHEYENNE/ATLANTA (Reuters) - The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.
At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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Bermuda Stock Exchange-listed BCB Holdings Ltd, a bank based in Belize, suffered a net loss of $7.3 million for the year ended March 31, 2011, down from a profit of $25.9 million for the same period in 2010.
The company made a net loss of seven cents...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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