Hashtag: #Brazil
ABIR Applauds Brazilian Government Initiative
In a speech delivered today [Oct 21] before the Brazilian Center for International Relations [CEBRI], Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers [ABIR], the association representing the interests of 20 property and casualty commercial insurers and reinsurers with underwriting operations in... Read more of this article
Youth Footballers Win First 2 Games In Europe
Young football players from the Bermuda Brazilian Football School [BBFS] recently traveled to Europe to take part in a tournament, and they have kicked it off with two strong wins. BBFS played their first game in the Dana Cup’s Under 12 Division facing off against EB Streymur of the Faroe Islands defeating them 10-0. BBFS took control of the match... Read more of this article
Brazil’s Laep BDA Assets Could Be Liquidated
The Bermuda assets of Laep Investments Ltd — a Bermuda-based buyout fund with interests in luxury retailing and dairy products in Brazil — could be liquidated, according to a report from Reuters. Cayman Islands-based fund GLG Emerging Market Special Situations Fund won the right to be repaid a debt with Laep’s assets. Laep owes GLG... Read more of this article
BODA Sailors Depart For Brazil Competition
A five sailor team from the Bermuda Optimist Dinghy Association [BODA] departed this weekend, destined for Porto Alegre, Brazil to take part in the IODA South American Championships. The team of Mikey Wolmann, Benn Smith, Peter Dill, Chase Cooper and Ceci Wollmann will have almost a week to train and acclimatize themselves before the regatta’s... Read more of this article
Michael Misick Released From Prison In Brazil
The former Premier of the Turks and Caicos Islands Michael Misick was released from prison in Brazil today [Feb 8] after the Brazilian Supreme Court has granted him bail. He was arrested in December 2012 at the airport in Rio on a provisional arrest warrant. He was wanted in connection with the findings the 2008-2009 Commission of Inquiry, which alleged... Read more of this article
Turks & Caicos Lodges Extradition Request
The Turks and Caicos Islands lodged a formal request for Michael Misick’s extradition with the Brazilian government yesterday [Jan 29]. Misick, the former Premier of the Turks and Caicos, is imprisoned in Brazil after being arrested on 7 December 2012. He left the Turks and Caicos in March 2012 after Interpol issued an arrest warrant for him in... Read more of this article
XL Group Promotes Guillermo Delfino In Brazil
Bermuda-based XL Group plc’s reinsurance operations announced the appointment of Guillermo Delfino to General Manager of XL’s reinsurance operations in Brazil, pending approval by the Brazilian authorities. Mr. Delfino, who is currently based in Buenos Aires, Argentina, will relocate to Sao Paulo, Brazil, later this year and will report to XL Re... Read more of this article
Michael Misick’s Family Appeal To TCI Islanders
Family members of the now-jailed former Turks and Caicos Premier Michael Misick have appealed for “God fearing Turks and Caicos Islanders to speak out against this abuse,” the TCI Sun reports. The 46-year-old is being held in a maximum security jail in Brazil after being arrested there on 7 December 2012 following an Interpol red notice... Read more of this article
Michael Misick Arrested In Rio de Janeiro
[Updated] Former premier of the Turks & Caicos Michael Misick, was arrested this morning [Dec 7] in Brazil. Mr Misick fled the TCI earlier this year after Interpol issued an international arrest warrant for him in connection with allegations of corruption. Mr Misick was detained at the Santos Dumont Airport in Rio de Janeiro, the Associated Press... Read more of this article
Bermuda Signs TIEA With Singapore & Brazil
[Updated] Today the Ministry of Finance announced the signing of a Tax Information Exchange Agreement [TIEA] with the Republic of Singapore. The signing took place at the Singapore High Commission in London. This TIEA solidifies Bermuda’s relationship within the Asian South Eastern Pacific region and allows for greater diversification of Bermuda’s... Read more of this article
Bermudian Appointed Chief Underwriter In Brazil
Bermudian Gino Smith has been appointed as XL Group’s Latin America Regional Chief Underwriter, effective immediately. Mr. Smith will remain in São Paulo, Brazil where he has been based for the past two years. Mr. Smith, who is fluent in English, Spanish, and Portuguese, has worked at XL for 12 years. During this time he has held progressively... Read more of this article
Bermuda Firm Committed To Brazilian Venture
Brazil’s biggest oil-services company has announced its top shareholders — including Bermuda’s GP Investimentos Ltda. – remain committed to injecting at least $192 million of fresh capital. Caxias do Sul-based Lupatech has signed an agreement with investors, including the Brazilian development bank and the Petros pension fund, that... Read more of this article
Mixed Reaction To Brazil Regulatory Changes
Industry opinion on the likely long-term impact of new Brazilian reinsurance rules lobbied for by the Association of Bermuda Insurers & Reinsurers [ABIR] among other groups remains mixed, a recent survey conducted by “LatAm Insurance Review” has revealed. ABIR is the public policy branch of Bermuda’s re/insurance industry, with... Read more of this article
Dr. Pitt Returns From Marine Workshop
Earlier this month Marine Resources Officer at the Department of Environmental Protection Dr. Joanna Pitt attended a regional workshop in Recife, Brazil, organised by the Secretariat for the Convention on Biological Diversity – a United Nations Convention, to which the United Kingdom is a party. Dr. Pitt’s participation from February 28 through... Read more of this article
AXIS Re Brazil To Open In São Paulo
AXIS Capital Holdings Limited will open AXIS Re Brazil, a new representative office in São Paulo, Brazil, established to source property and casualty business from Brazil and the Southern Cone. Karl Mayr, CEO and President of AXIS Re Europe, commented, “AXIS Re has identified Latin America as a major growth opportunity for property and casualty reinsurance. “Having... Read more of this article
Brookfield Reports Jump In Revenue
Bermuda’s Brookfield Renewable Energy Partners L.P. today [Feb.13] reported an increase in both revenue and funds from operations for the year ended Demember 31 compared with 2010. Backed by Canadian interests, Brookfield Renewable Energy Partners L.P. is a Bermuda-based limited partnership that is treated as a partnership for US and Canadian... Read more of this article
