Greenlight Re Announces First Quarter 2013 Financial Results
GRAND CAYMAN, Cayman Islands, May 06, 2013 (GLOBE NEWSWIRE via COMTEX) — Greenlight Capital Re, Ltd. GLRE +1.69% today announced financial results for the first quarter ended March 31, 2013. Greenlight Re reported net income of $56.7 million for the…
ORBCOMM Continues International Expansion
ORBCOMM services now available in five additional Caribbean countries ORBCOMM Inc. (Nasdaq: ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its satellite data communications services are now available…
NY ruling denies NMI bid to collect $36M from Millard
By Haidee V. Eugenio Reporter, Saipan Tribune Inos administration: This is not end of the road A New York Court of Appeals ruling on Tuesday makes it harder for the CNMI to collect $36 million in taxes from computer tycoon…
Newly elected ACCP President, Baines, commits to better safeguarding people
Association of Caribbean Commissioners of Police (ACCP) Conference and AGM in Bermuda 29th April to 02nd May 2013 The 28th AGM of the ACCP saw 17 nations represented by their Police Commissioners at the Conference held in Bermuda. The theme…
Ambow Education Holding Ltd. responds to shareholder petition
BEIJING, May 6, 2013 /PRNewswire/ — Ambow Education Holding Ltd. (“Ambow” or the “Company” NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that GL Asia Mauritius II Cayman Limited (“GLA”), an affiliate…
IC designer seeks primary listing on TWSE
By Tien Yu-pin and Frances Huang, Focus Taiwan Taipei, May 1 (CNA) FocalTech Corp., a Cayman Islands-registered integrated circuit designer, has filed an application with the Taiwan Stock Exchange (TWSE) for a primary listing, the exchange said Wednesday. The IC…
HSBC Private Banking Logs Pre-Tax Loss In First Quarter
By Ainhoa Barcelona, Reporter in London, Wealth Briefing The private banking segment of HSBC recorded a pre-tax loss of $125 million in the first three months of 2013, a sharp decline compared to its profit of $286 million from a…
British Virgin Islands: Segregated Portfolio Companies
Article by Louise Groom and Sean Scott, Harneys Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares), including those to be established as funds, may be registered as a segregated portfolio company (an SPC). Registration…
Obama’s modest proposal to cap retirement entitlements
By Fred Hiatt, Published: The Washington Post When Republican presidential candidate Mitt Romney admitted to keeping assets in the Cayman Islands, money managers for the wealthy were not surprised. When it emerged that he had paid taxes at a lower…
Economic Surveys deadline
The 2013 round of annual surveys that measure economic activity in the Cayman Islands officially ends on May 10th, 2013. Economics and Statistics Office (ESO) staff distributed some 3,400 forms locally to businesses, non-profit institutions and government organisations in the…
