“Expectation That Bermuda Will Be Removed”

“It is the Ministry’s expectation that Bermuda will be removed from Annex II in October 2022,” the Government said today. A Government spokesperson said, “In November 2021, the OECD’s Forum for Harmful Tax Practices [FHTP] issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed […]

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David Sussmann Highlights Pure Ocean

The Pure Ocean challenge between Bermuda and Lorient will take place this month, with the event aiming to “highlight ocean conservation and raise funds for the foundation’s work.” Pure Ocean founder David Sussmann told Bernews, “The event aims to highlight ocean conservation and raise funds for the foundation’s work. Whilst race entry is free, participants […]

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Minister Joins BTA For Joint Stakeholder Meeting

Minister of Economy & Labour Jason Hayward recently joined the Bermuda Tourism Authority [BTA] for a joint hotelier stakeholder meeting hosted at Rosewood Bermuda. A Government spokesperson said, “This meeting is a follow-up to one held at the Hamilton Princess and Beach Club in December 2021. It represents stakeholders’ ongoing commitment to having an open […]

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BCB Appoints New Senior Men’s Coaching Staff

The Bermuda Cricket Board [BCB] announced the appointment of new coaches for the 2022 international season, with Cal Waldron, Reggie Tucker, Ricky Hill and Elliot Wilson set to lead the Bermuda Senior Men’s National Team preparations for the ICC Cricket World Challenge League B [CWCL] 50 Overs tournament to Uganda, with Cal Waldron as head […]

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Annex II and Forum for Harmful Tax Practices (FHTP) Conclusion

Following a positive formal decision by OECD Forum for Harmful Tax Practices, Bermuda anticipates removal from EU’s Annex II

In November 2021, the OECD’s Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.

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Minister Hayward Joins BTA for Joint Hotelier Stakeholder Meeting

Recently, the Minister of Economy & Labour, the Hon. Jason Hayward, JP, MP, joined the Bermuda Tourism Authority (BTA) for a joint hotelier stakeholder meeting hosted at Rosewood Bermuda.

This meeting is a follow-up to one held at the Hamilton Princess and Beach Club in December 2021. It represents stakeholders’ ongoing commitment to having an open dialogue about the hospitality industry’s challenges and viable solutions.

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Hamilton Princess & Goslings Join EcoSPIRITS

The Hamilton Princess and Goslings are supporting the ecoSPIRITS Climate Partner Program, with Goslings to offer its rums in low-waste ecoTOTE format and the Hamilton Princess serving two special sustainable cocktails for the months of May, June and July. A spokesperson said, “To mark the local launch of closed loop service in Bermuda, ecoSPIRITS and its licensed operator, Bermuda Gin Co, have […]

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Sue Couper Joins LOM As General Manager

LOM Financial Group announced that Sue Couper has joined LOM as General Manager, LOM Asset Management Limited. A spokesperson said, “This is her second tenure with LOM, having spent 5 years previously with the company as Managing Director for LOM Financial [Bermuda] Limited. “Sue has nearly four decades of experience in financial services. Holding Chartered […]

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BMA: $2 Million In Civil Penalties On Conyers

The Bermuda Monetary Authority has levied civil penalties of just over $2 million on Conyers Corporate Services Limited and Conyers Trust Company [Bermuda] Limited for “historic failures to adequately comply” with certain regulations. Conyers Corporate Services Limited: $981,000 A spokesperson said, “The Bermuda Monetary Authority [Authority] has levied civil penalties totalling $981,000 on Conyers Corporate Services […]

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BELCO: Fault In Hamilton Being Repaired

BELCO advised that there has been a “fault in the underground transmission network in Hamilton under Dundonald Street between Parliament Street and Court Street. A spokesperson said, “BELCO crews are on-site and work to fix the fault will commenced Monday evening. As the fault is underground repairs are expected to last until Friday, May 6th. “For […]

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SiriusPoint Builds Out Technology Team

SiriusPoint Ltd has made appointments to its information technology team, “building out a diverse set of expertise to transform the way the company operates and supports its business functions.” A spokesperson said, “SiriusPoint Ltd, a global insurer and reinsurer, has made key appointments to its information technology team, building out a diverse set of expertise […]

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