Cyprus News

EU Expands to 25 Countries

May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western shores of Ireland …

Best Affirms ‘B++’ Rating of Alliance Re

A.M. Best Co. announced that it has affirmed the financial strength rating of ‘B++’ (Very Good) of Alliance International Reinsurance Company of Limassol, Cyprus, and has maintained its stable outlook. “The rating reflects Alliance Re’s very good but deteriorated risk-adjusted …

Alliance Re Gets ‘B++’

A ‘B++’ FSR was assigned to Alliance International Reinsurance Company by A.M. Best. The rating reflects factors including Alliance Re’s strong initial capitalization, experienced executive team and proposed operation as a property/casualty reinsurer in select geographical regions. Also taken into …

Under OECD Pressure Bermuda, Others To End “Tax Haven” Practices

In an apparent attempt to head off the consequences of a soon to be issued report 6 countries – Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino (a tiny enclave within Italy-not the city in California) – Have …