Tag: American politicians
US Urged Royals Evacuate To Bermuda In WW2
US Secretary of State Cordell Hull implored Canadian Prime Minister MacKenzie King to act as an intermediary on America’s behalf in May, 1940 and persuade King George VI to evacuate from a beleaguered Britain — then vulnerable to a Nazi invasion — and relocate to Bermuda for the duration of World War Two [1939-1945]. In the recently... Read more of this article
ABIR: Threat Is Middle Of Night, Last Minute Deal
Legislation before Congress that would change the tax treatment of reinsurance ceded to non-US affiliates of domestic insurers — including those operating from Bermuda — is unlikely to be enacted as a stand-alone measure, but might pass as part of a larger budget or tax reform bill, the financial website Business Insurance reports. Companion... Read more of this article
US ‘Bermuda Loophole’ Legislation Proposed
Two American lawmakers have introduced legislation to end a tax break they say favours foreign-based insurers — including those in Bermuda — over US insurers. Congressman Richard E. Neal [pictured], the ranking Democrat on the House Ways and Means Select Revenue Subcommittee, and Senator Robert Menendez, a Democrat member of the Senate Finance... Read more of this article
Kerry Congratulates Island On Bermuda Day
American Secretary of State John Kerry encouraged Bermudians to enjoy their traditional first swim of the year and the annual parade through Hamilton as they celebrate Bermuda Day on Friday [May 24]. In a statement issued today [May 21], Mr. Kerry — who replaced Hillary Clinton as the US Secretary of State earlier this year — remarked on... Read more of this article
The “Floating White House” Bermuda Visit
A one-time presidential yacht once known as “the floating White House” which famously brought Harry S. Truman to Bermuda on an unscheduled holiday in 1946 is rusting away in an Italian shipyard and will likely be scrapped, the UK “Daily Mail” reports.. Built in 1930, the USS “Williamsburg” is currently moored at La... Read more of this article
US Senator: Bermuda & “Corporate Welfare”
New York Senator Kirsten Gillibrand criticised “corporate welfare for insurance companies based in Bermuda” and other offshore jurisdictions on Tuesday [May 14] after voting against the Farm Bill which passed out of the Senate Agriculture Committee with $4.1 billion in cuts to the Supplemental Nutrition Assistance Program [SNAP]. The legislation... Read more of this article
Bloomberg: “People Love The New Government”
[Updated with audio] Speaking at today’s [May 8] christening of the Norwegian Breakaway cruise ship, New York Mayor Michael Bloomberg — who has a home in Bermuda — said the new Bermuda Government is like “night and day” and people “love the new Government.” In December 2012, the One Bermuda Alliance defeated... Read more of this article
Bermudian Lobbies: Same-Sex US Immigration
A Bermudian woman who is married to an American woman was among the lobbyists who descended on Capitol Hill last week to try and persuade US lawmakers to ensure gay and lesbian couples are covered by new immigration legislation. “Under a 1996 federal law that defines marriage as a union between a man and a woman, Americans cannot apply for green... Read more of this article
Industry Journal: Bermuda Firms’ Coverage Vital
The latest flare-up in the long-running conflict between domestic US insurers and companies that write reinsurance in the American market from off-shore jurisdictions like Bermuda once again highlights the “vital” Property & Causualty coverage provided by overseas entities, “The Insurance Journal” reports today [Apr. 29]. The... Read more of this article
Thatcher Funeral Service Is Held In London
A horse-drawn gun carriage bore the coffin of former British Prime Minister Margaret Thatcher to London’s St. Paul’s Cathedral today [Apr. 17] for a ceremonial funeral marked by military pageantry — 700 soldiers, sailors and air force personnel lined the route — and heightened security. Around 4,000 police officers were on duty in... Read more of this article
