Ratings are unlikely to be affected in the short term by President Obama’s budget proposal, which calls for taxes on overseas revenues by US companies. 13 February 2015
The Government of Bermuda has said it is “surprised and disappointed” that the Island has been included in the list of referenced territories which lack openness in such areas as ultimate beneficial ownership of companies. 9 February 2015
Financial guaranty insurance Assured Guaranty is set to acquire Radian Asset Assurance, which conducts the financial guaranty business of Radian Group. 5 January 2015
Bermuda-based Third Point Reinsurance has set its sights firmly on the US as it appoints two former Alterra execs to head its new operation. 5 December 2014
QBE Re, the reinsurance arm of QBE, will be licensed to operate as a Class 4 reinsurer on Bermuda in 2015 and will write property and casualty treaty business. 6 November 2014
