Bermuda reinsurance News

SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …

Bermuda Minister Rejects Tax Haven Label; Sees Insurance Growth

Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S. and European tax authorities, the territory’s finance minister said on Monday. Google has come under fire from British lawmakers for …