A Bermuda bank has challenged the Standard & Poor’s Rating Services decision to lower Bermuda’s Banking Industry Country Risk Assessment (BICRA) score Butterfield Bank last night expressed optimism in...
A rating agency brought the hammer down on Bermuda’s banking sector yesterday with a bad report card citing projected credit losses of more than a billion dollars, for a period not ending for another ...
Butterfield Bank yesterday confirmed that it is absorbing a portion of a 0.6 percent charge applied by credit card companies for cross-border transactions.
First notice of this was a message on credit...
The Foreign Account Tax Compliance Act (Fatca) comes into effect in Bermuda today, amid continuing confusion and concern for its long ranging impact.
But one local financial institution said it is pre...
Faced with unprecedented structural changes as a result of a flood of capital markets money seeking to cash in on writing reinsurance risks, the global reinsurance industry faces a fight for survival....
A former insurance boss, who now heads the public-funded agency designed to grow international business, has predicted five more years of soft rates for Bermuda reinsurers.
And Bermuda Business Develo...
Most standard lines of commercial insurance business will eventually be commoditised, a leading underwriter has told delegates at the just concluded Insurance Day Bermuda Summit at the Fairmont Hamilt...
One of the biggest threats Bermuda faces in keeping its international business is US enlightenment to the realisation that it need only change its tax laws to lure many companies home or repatriate co...
Bermuda-headquartered Nephila Capital co-founders Frank Majors and Greg Hagood, along with long-time colleague Barney Schauble, have been named the Aon Benfield Outstanding Contributors of the Year at...
Premier Michael Dunkley opened the door for international business leaders to dialogue with Government on a stronger partnership to foster more benefits for both business and the Island.
Opening the I...
