Bermuda is the seventh most secretive financial jurisdiction in the world, according to the Tax Justice Network.
The survey of laws, practices and size of inflows of 60 jurisdictions gave Bermuda an "...
Bermuda-based White Mountains Insurance Group Ltd. swung to profit and increased its book value by seven percent in the third quarter, despite falling premium revenues.
The group, which includes insur...
Bermuda-based Intelsat Ltd. announced that it was the successful bidder in last Thursday's public auction for the Protostar 1 satellite with a $210 million, all cash offer.
The seller Protostar, also...
Finance Minister Paula Cox agrees with UK Treasury investigator Michael Foot's conclusion that a more diversified tax base could help to defend Bermuda against the impact of economic shocks.
She added...
A British Treasury minister yesterday said UK offshore financial centres like Bermuda should broaden their tax bases to better withstand economic shocks.
The comments from Stephen Timms, a junior UK f...
Two directors have resigned from the board of the fund whose listing was suspended by the Bermuda Stock Exchange (BSX) after another board member was charged in an insider trading case.
The BSX announ...
Bermuda insurer American Safety Insurance Holdings, Ltd. last night reported net earnings of $5 million for the third quarter, as underwriting revenue soared.
The company said that gross premiums writ...
Bermuda business insurer XL Capital Ltd. last night posted a net loss of $11.4 million for the third quarter — primarily due to $310.8 million of realised investment losses.
But the company, which mad...
Torus Insurance Holdings Ltd. posted a $30 million loss in its first year of operation, commentary by ratings agency AM Best has revealed.
The Bermuda-based company, which is privately held and so is ...
Bermuda-based re/insurer Arch Capital Group Ltd. last night reported net income of $274.4 million - a tenfold improvement over the same period last year.
The company also enjoyed a spectacular 14.4 pe...
