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  • Bahamas defends VAT increase

    6/18/18
    The Bahamas government is mounting an effort to defend its proposal to apply a broad increase in the VAT from 7.5% to 12% on most goods and services, a move that has been met with public disapproval, sparking a protest in Nassau...

  • AM Best downgrades CLICO ratings

    8/21/08
    AM Best has downgraded the financial strength rating (FSR) and the issuer credit rating (ICR) on the Bahamas unit of Colonial Life Insurance Company (CLICO), the agency said in a report. CLICO Bahamas' FSR was knocked down to B (fai...