Bermuda

Hamilton, Bermuda, February 13, 2017 - A team of top industry experts, led by Bermuda Business Development Agency (BDA), will travel to Chicago and Boston next month to highlight the advantages of Bermuda as the world's leading domicile for captive insurance.

The Executive Forum on Bermuda Captive Insurance Solutions will visit Chicago

Hamilton, Bermuda, February 13, 2017 - Bermuda remains the world leader in the captive insurance industry based on 2016 statistics released by Bermuda Monetary Authority today, said the Bermuda Business Development Agency (BDA). Year-end BMA figures indicate Bermuda had 776 active captive licences on its register.

On 16 January, it was announced that Bermuda’s ship registry had been granted ‘Most Favoured Nation’ status from China.

Bermuda received the status as part of an existing UK/China agreement, which will offer several advantages to the Island’s maritime industry.

Hamilton, Bermuda, December 11, 2016—A new Oxfam report that targets Bermuda as a corporate “tax haven” ignores the substantial global economic contribution of this British Overseas Territory, according to the Bermuda Business Development Agency (BDA).
 

Hamilton, Bermuda, October 21, 2016—Female leaders of the island’s shipping industry have launched a Bermuda chapter of the Women’s International Shipping & Trading Association (WISTA).

Earlier in 2015, Team Tankers International simultaneously registered of its vessels with the Bermuda Shipping Registry, according to a news source in Bermuda.  There were several possible explanations for why Team Tankers chose Bermuda, most all of which attest to the positive and reputable performance of Bermuda’s Department of Maritime Administration (DMA):