Press Releases for Caribbean
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 […]
Mary Kay Celebrates Oceans Week by Reaffirming Partnership With the Nature Conservancy
Mary Kay Celebrates Oceans Week by Reaffirming Partnership With the Nature Conservancy 08/06/2023 — DALLAS — (BUSINESS WIRE) Mary Kay is celebrating Ocean’s Week by reaffirming its decades-long partnership with […]
Long-awaited “Tenderbake” Upgrade Revolutionizes the Tezos Blockchain
Proof-of-stake blockchain Tezos deploys a revolutionary upgrade promising faster transactions, smoother-running dapps and prepares for highly anticipated scaling plans with rollups. Ithaca 2, the ninth upgrade to the Tezos protocol, […]
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 […]
CS Global Partners: EY Says Citizenship is Independent of Tax Residency
13/03/2019 — LONDON — (BUSINESS WIRE) The CBI Index has published a report compiled by top global tax advisors Ernst & Young (EY) that provides important insight on the distinction […]
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 […]
Amazon Prime Video Now Available in More Than 200 Countries and Territories Around the World
Customers worldwide can sign up for a Prime Video membership and enjoy popular new shows like The Grand Tour from Jeremy Clarkson, Richard Hammond and James May, and award-winning Amazon […]
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.”
Moodys Analytics Releases New Version of RiskOrigins Credit Risk Lifecycle Solution for Commercial Lenders
Moodys Analytics, a leader in credit risk management, today announced that it has enhanced its RiskOrigins solution, which provides credit decisioning and monitoring for commercial lenders. Among the enhancements are a new collaborative workflow model and deal structuring functionality, which help lenders make smarter credit decisions, streamline the complex process of assessing credit risk, improve efficiency and comply with regulations.
UniCredit Bank Austria and UniCredit Bulbank Provide 103.3 Million Senior Facility to Business Park Sofia
UniCredit Bank Austria AG and UniCredit Bulbank AD have jointly underwritten a 103.3 million senior facility to refinance Business Park Sofia (BPS), the largest office park in Southeastern Europe. The transaction closed in June 2015.
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.
Luxoft Holding, Inc Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option
Luxoft Holding, Inc announced today the closing of its initial public offering of 4,705,880 Class A ordinary shares at $17.00 per Class A ordinary share, which includes the exercise in full by the underwriters of their option to purchase up to 613,810 additional Class A ordinary shares. 2,046,035 of the Class A ordinary shares were offered by Luxoft, and another 2,659,845 Class A ordinary shares, which includes the over-allotment, were offered by its parent, IBS Group Holding Limited. Luxofts ordinary shares are listed on the New York Stock Exchange under the trading symbol LXFT.
Luxoft Holding, Inc Announces Pricing of Initial Public Offering
Luxoft Holding, Inc announced today the pricing of its initial public offering of 4,092,070 Class A ordinary shares at $17.00 per Class A ordinary share. Luxofts Class A ordinary shares are expected to begin trading on the New York Stock Exchange under the symbol LXFT on June 26, 2013.
Luxoft Holding, Inc Announces Launch of Initial Public Offering
Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.
Luxoft Holding, Inc Files Registration Statement for Proposed Initial Public Offering
Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Luxoft has applied to have its Class A ordinary shares quoted on the New York Stock Exchange under the ticker symbol LXFT.
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.
Louis Bacon Wins Court Victory in Defamation Case
The Bahama Journal and its online website have agreed to publish a front-page apology to Louis Bacon for making entirely false statements about him that were the result of a “smear campaign. …..
Western Union Unveils New Education Initiative around UEFA Europa League to Deliver One Million School Days
The Western Union Company (NYSE:WU), a leader in global payment services and new Global Partner of the UEFA Europa League, and the Western Union Foundation, today announced they will turn every successful pass in this seasons competition into funding to support one days education for young people around the world.