Insurecom property assets sale explained
Technology company Insurecom announced that it had finally made a profit at the end of 2006, althoug...
Technology company Insurecom announced that it had finally made a profit at the end of 2006, although this was only achieved as a result of the sale of its intellectual property assets for £3m to its parent company in Bermuda.
According to Insurecom's chief executive Phillip Walter, the sale of the rights is part of a long-term plan to increase Insurecom's reach across the world. "Bermuda is a recognised country for setting up businesses - what we've done is for corporate flexibility reasons and
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