Press Releases for Bermuda
Bermuda Considers Introducing a Corporate Income Tax
08/08/2023 — HAMILTON, Bermuda — (BUSINESS WIRE) Today, the Government of Bermuda announced that it will issue a public consultation paper as part of its considerations on introducing a corporate […]
Bittrex Global to Launch All Stocks Delisted from Robinhood
GameStop (GME), AMC Entertainment (AMC), Nokia (NOK) already live for trading 24/7 29/01/2021 — HAMILTON, Bermuda — (BUSINESS WIRE) Bittrex Global (Bermuda) Ltd. announced that it has listed tokenized stocks […]
Leading Marine Container Leasing Management Team Launches Global Container International
26/04/2018 — HAMILTON, Bermuda — (BUSINESS WIRE) Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra Inc., today announced the formation of Global Container International LLC […]
Scepter Puts Bermuda at Cross Currents of Global Sovereign Investment
Scepter Partners, a direct investment and merchant banking specialist for sovereign wealth and large cap family offices, signaled its intentions to deepen its ties with Bermuda, helping to put Bermuda further on the map of sovereign investment capital flows. Scepter has committed to run its global management business from Bermuda where key staff members are now working as directors. Group Executive Chairman and CEO Rayo Withanage commented, “As Bermuda continues to develop its activities and effectively compete with other offshore financial centers, we hope that the presence of our activities can substantially enhance Bermuda’s role in the deployment of capital by significant sovereign investors and family offices.”
Open Interconnect Consortium Adds Members Across Industries and International Markets
Internet of Things standards body now includes Fortune 100 companies from all of the worlds regions; Announces new liaison agreements and welcomes new executive director
Arch Reinsurance Ltd. Announces Completion of Restructuring of Gulf Reinsurance Ltd.
Arch Reinsurance Ltd. (Arch) announced today that its acquisition of Gulf Reinsurance Ltd. (Gulf Re), a specialty reinsurer based in the Dubai International Financial Centre, has been completed. Gulf Re was founded jointly by Arch and the Gulf Investment Corporation (GIC) in 2008. In 2014, Arch and the GIC signed an agreement whereby Arch would acquire 100% ownership of Gulf Re. The agreement provides that, among other things, Arch will acquire all of Gulf Re Holdings Limited (Gulf Holdings), which is the parent of Gulf Re, through a reduction in the share capital of Gulf Holdings and Archs purchase of 50% of Gulf Holdings from the GIC.
Arch Reinsurance Ltd. Announces Strategic Support Measures for Its Gulf Re Joint Venture
Arch Reinsurance Ltd. (Arch) announced today a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd. (Gulf Re), a specialty reinsurer based in the Dubai International Financial Centre (DIFC) founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch has agreed in principle to acquire complete ownership of Gulf Re, subject to approval by the Dubai Financial Services Authority. To further support Gulf Res business in advance of the January 1 renewal season, Arch is also entering into an uncapped 90% whole account quota share retrocession arrangement of Gulf Res net liabilities and a loss portfolio transfer of all of Gulf Res existing business, effective as of October 1, 2014. With these new agreements being implemented, Arch will cancel its existing stop loss agreement with Gulf Re.
Bermuda Promotes Grand Atlantic Development Investment Opportunity
The Government of Bermuda and the Bermuda Housing Corporation announced today the solicitation of requests for information (RFI) from investors and potential buyers for the Grand Atlantic Development on the South Road in Warwick, Bermuda.