Business Leaders In Luxembourg & Puerto Rico

November 20, 2012

Business Bermuda last week represented Bermuda on two different continents in an effort to garner interest in Bermuda as a premier center for financial services business. From November 13-14, 2012, Ms. Cheryl Packwood, CEO of Business Bermuda, attended the European Captives Forum 2012 in Luxembourg. Mr. Shelby Weldon, Ms. Shanna Lespere, and Mr. Roger Scotton of the Bermuda Monetary Authority also represented Bermuda at the event with Mr. Weldon speaking on a panel concerning global regulatory standards for Solvency II.

Mr. Weldon stated during the panel session, “Even though the United States has an impact on how the Bermuda regime develops, we are not obligated to follow their directives ubiquitously. It has always been our approach to do what is best for our market and our captive market. Bermuda is unique in that regard. We have the expertise in this market and have been at the forefront in captive regulations. We ensure that we sit at the table with the major regulatory bodies so that we have a say in what is being done.”

Ms. Cheryl Packwood commented, “The European Captive Forum gave Bermuda a tremendous opportunity to represent Bermuda as the top domicile for captives in the world. With over 1,000 delegates in attendance, Bermuda’s visibility and participation in the event served to maintain Bermuda’s international reputation in the captives market. There continues to be very strong interest in Bermuda, and it is encouraging to see Bermuda stand out above the rest.”

Business Bermuda also attended the 19th Annual Offshore Convention in San Juan, Puerto Rico on November 14-25, 2012. Ms. Yelena Packwood, Marketing and Sales Executive of Business Bermuda, Mr. William Maycock, President of Winchester Global Trust Company Limited, and Mr. Thalius Hecksher, Global Head of Business Development of Apex Funds Services represented Bermuda at this event where Business Bermuda participated as a Silver Sponsor.

Focused on bringing together a group of delegates highly experienced in the offshore arena, this conference was able to provide quality networking experiences and the opportunity for key decision makers to more fully understand why Bermuda should be their jurisdiction of choice.

“This year’s event of the 19th World offshore Convention showcased some very interesting topics around offshore strategies focusing on ASIA, LATAM, and Europe looking at offshore financial centres services,” commented Mr. Thalius Hecksher. “As APEX continues to grow our business into LATAM, it was great opportunity to understand more about the dynamics locally in each LATAM jurisdiction and speak with industry figure heads. It’s an exciting time for Apex, a Bermuda-based company, and as we continue our business growth we are well placed to service our clients in these growing jurisdictions.”

Share via email

Read More About

Category: All, Business

Comments (1)

Trackback URL | Comments RSS Feed

  1. nuff, nuff, dun says:

    What about Wayne Furbert? Oh no, he had too many rugby invites last week. Sorry, silly of me.

    Like(0)
    Dislike(0)
Rain
Tuesday
Rain
High 70° / Low 63°
Chance of Rain
Wednesday
Chance of Rain
High 67° / Low 64°
Partly Cloudy
Thursday
Partly Cloudy
High 71° / Low 68°

Sign Up For Our Free Email Newsletters

email-banners-good-news-370

Latest Podcasts

Podcast: World Champion Triathlete Flora Duffy

Podcast: World Champion Triathlete Flora Duffy

In the latest Bernews podcast, one of Bermuda’s greatest athletes of all time, Flora Duffy, says being a world champion is something she has dreamed of since she was eight-years-old.

Ms Duffy was back in Bermuda taking a short break after a grueling year which has seen her achieve outstanding success.

“When I started racing, I looked up to the world champions and I was like, wow, if I am ever there it must be amazing and life changing and then I won [...]

Share via email
November 14, 2016 | 0 Comments
Podcast: Dr Fleming On Issues Affecting Seniors

Podcast: Dr Fleming On Issues Affecting Seniors

In the latest Bernews Podcast, we talk to Dr Claudette Fleming, the Executive Director of Age Concern, about issues affecting senior citizens in Bermuda.

Dr Fleming talks about research she has done in Bermuda as well as the effects of the recession on Age Concern’s members.

She also addresses the issue of income disparity and wealth transfer – where people sell their homes to have money to live off meaning less wealth is transferred to children.

Dr Fleming, who stressed she was speaking [...]

Share via email
October 17, 2016 | 2 Comments
Podcast: Martha Dismont On Child Neglect/Abuse

Podcast: Martha Dismont On Child Neglect/Abuse

In the latest Bernews podcast, we sit down with Martha Dismont, the Executive Director of the Family Centre, which has recently launched a campaign called ‘Neglect Is Abuse, See It, Stop It’ to try and stem a significant rise in cases of child neglect.

Ms Dismont links the rise in neglect cases directly “to the conditions we are seeing in Bermuda”, “particularly the rise in unemployment among locals”.

“Parents are stressed and therefore not really able to think about these issues that [...]

Share via email
September 23, 2016 | 2 Comments
Podcast: Baron On Crime, Road Safety & More

Podcast: Baron On Crime, Road Safety & More

In this latest Bernews podcast, we speak to the Minister of National Security Jeff Baron who revealed than gang membership has dropped by more than 150 people. Yet, he says, gangs are still changing and recruiting – sometimes even from schools.

The Minister talks about his plans for restorative justice – which focuses on both the needs of the victim as well as the offender, plus the community that is involved.

Mr Baron talks about his stance on policing in St. George’s and stands [...]

Share via email
August 30, 2016 | 8 Comments
Podcast: Governor On Airport, Commission, More

Podcast: Governor On Airport, Commission, More

In this latest Bernews podcast, we interview George Fergusson who will soon be stepping down as Governor.

He touches on a wide range of issues such as turning down a request to hold a Commission of Inquiry into the Tucker’s Point land matter, the airport redevelopment, the effect on Bermuda of Brexit, the British Government’s stance on slave trade reparations and more.

And Mr Fergusson re-iterated his belief that the Commission of Inquiry into issues highlighted by the Auditor General’s reports was [...]

Share via email
July 25, 2016 | 9 Comments