RECENT NEWS
Forbes  Jul 22  Comment 
Shareholders of Energy XXI Bermuda Ltd (NASD: EXXI) looking to boost their income beyond the stock's 2.2% annualized dividend yield can sell the January 2016 covered call at the $30 strike and collect the premium based on the $1.15 bid, which...
NPR  Jul 17  Comment 
Treasury Secretary Jack Lew has signaled his intention to push for legislation shutting down "corporate inversions," techniques commonly used by companies to dodge the corporate income tax.
Bloomberg  Jul 11  Comment 
The House of Representatives voted to prevent companies that move their tax addresses from the U.S. to Bermuda or the Cayman Islands from winning some federal contracts.
Yahoo  Jul 8  Comment 
When it shifted its legal address to Bermuda in 2001 to reduce taxes, the maneuver sparked bipartisan outrage in Congress. "There is no reason the U.S. government should reward tax runaways with lucrative government contracts." Over the next dozen...
Forbes  Jun 27  Comment 
Becoming wealthy enough to keep the wolf from your door doesn't mean an end to unwanted callers. For every newly minted billionaire, there are cautionary tales of the well-heeled undone by visits from the the tax man, the loan officer and Uncle...
Insurance Journal  Jun 24  Comment 
NationsBuilders Insurance Co. will transfer its residential construction liabilities totaling $76,250,000 to Catalina Holdings (Bermuda) Ltd. under a novation agreement announced today. Also, as part of the transaction, Catalina, a consolidator in...
Forbes  Jun 19  Comment 
Marcus Samuelsson opens a new pop-up restaurant in Bermuda.
Insurance Journal  Jun 12  Comment 
Validus Holdings Ltd., the Bermuda- based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a deal valuing Western World at more than $600...
Mondo Visione  Jun 11  Comment 
The Bermuda Stock Exchange (BSX) advises that the Exchange will be closed on Monday, 16 June, 2014, in observance of the Bermuda National Heroes Day Public Holiday. The BSX will re-open on Tuesday, 17 June, 2014.
New York Times  Jun 5  Comment 
United States companies told the I.R.S. that they earned $129 billion in 2010 in Bermuda, the Cayman Islands and the British Virgin Islands, but their real earnings are more complex.




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