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Billionaire John Paulson's New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson's venture, a reinsurer named PacRe Ltd., ...
Hedge fund manager Daniel Loeb was singled out for criticism by labor leaders who are urging the U.S. to limit investors' ability to lower tax obligations through offshore reinsurance ventures. "When ...
Tax changes proposed by U.S. lawmakers to prevent offshore tax avoidance by reinsurers will not lead to prompt any rating revisions over the near term, according to a briefing from A.M. Best. Under ...