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$144 Billion In Insured Losses Worldwide In 2017

$144 Billion In Insured Losses Worldwide In 2017

The insured losses from natural and man-made disasters worldwide in 2017 were $144 billion – the highest ever recorded in a single year. This is according to Swiss Re which said, “At USD 144 billion, the insured losses from natural and man-made disasters worldwide in 2017 were the highest ever recorded in a single year. “The main... Read more of this article

Grundy Case To Take Place In Open Court

Grundy Case To Take Place In Open Court

The widow of TV pioneer Reg Grundy, who created Neighbours, Wheel of Fortune and Sons and Daughters, has failed in a bid to have a dispute about her husband’s will heard under a suppression order. In May 2016 the iconic Australian television producer passed away at the age of 92, leaving his $715 million fortune, including his property in Bermuda,... Read more of this article

Celebrity: ‘First SSM On Major Cruise Line’

Celebrity: ‘First SSM On Major Cruise Line’

During a ceremony hosted on board the Celebrity Equinox cruise ship, Francisco Vargas and Benjamin Gray “became the first same-sex couple ever to be legally married at sea on a major cruise line,” according to Celebrity Cruises. The grooms were joined by their immediate family for a ceremony officiated by Captain Dimitrios Manetas.“Words... Read more of this article

Bermuda Ranked 36th In Financial Secrecy Index

Bermuda Ranked 36th In Financial Secrecy Index

Bermuda is ranked 36th in the 2018 Financial Secrecy Index, which was recently released by the UK-based Tax Justice Network, who stated that some of the world’s “important providers of financial secrecy” are “mostly not small, palm-fringed islands as many suppose, but some of the world’s biggest and wealthiest countries.” The... Read more of this article

Video: British MPs Discuss UN & Decolonization

Video: British MPs Discuss UN & Decolonization

The United Nations Committee on Decolonization was discussed during a recent meeting of the British Foreign Affairs Committee, with questions raised as to what is being done to remove the ten British Overseas Territories — including Bermuda — from the list of “Non-Self-Governing Territories.” While the subject of the House of... Read more of this article

Bloomberg: ‘Shut Down Havens, Steal Business’

Bloomberg: ‘Shut Down Havens, Steal Business’

“The U.S. is becoming one of the world’s best places to hide money,” according to a column by the Bloomberg View editorial board, which said that ”traditional havens as Bermuda and the Cayman Islands are complying”, adding that “from a certain perspective, all this might look pretty smart: Shut down foreign tax havens... Read more of this article

Bermuda One Of Top 10 Searched Destinations

Bermuda One Of Top 10 Searched Destinations

Bermuda is one of the top ten most searched destinations in the world for 2017 on Google, according to a report from Travel and Leisure. The story said, “How many of the top 10 have you been to? Many travelers might assume that everyone’s bucket list includes Paris, New York City, and other famous tourist spots. However, the destinations that... Read more of this article

Appleby Legal Action Over ‘Paradise Papers’

Appleby Legal Action Over ‘Paradise Papers’

Law firm Appleby is “taking legal action” against the BBC and the Guardian following their reporting of documents in the “Paradise Papers” matter, according to a reports from the the Guardian and the BBC. The Guardian story said, “In legal correspondence, Appleby has also demanded that the Guardian and the BBC disclose... Read more of this article

Legal Battle Over Reg Grundy’s $715M Fortune

Legal Battle Over Reg Grundy’s $715M Fortune

In May 2016 the iconic Australian television producer Reg Grundy passed away at the age of 92 ,leaving his $715 million fortune to his wife, with a legal battle now brewing over his estate, including his property in Bermuda. Reg Grundy’s daughter, Viola La Valette, from his first, short-lived marriage to Lola Powell, recently emerged to challenge... Read more of this article

Isle Of Man Respond To VAT Allegations

Isle Of Man Respond To VAT Allegations

The Isle of Man Government has asked HM Treasury to conduct an assessment of the practice for the importation of business jets due to “allegations of abusive VAT avoidance made by media associated with the International Consortium of Investigative Journalists [ICIJ].” Appleby Law Firm Confirm ‘Data Security Incident’ This follows... Read more of this article

NAACP Travel Advisory For American Airlines

NAACP Travel Advisory For American Airlines

The NAACP released a statement announcing a “travel advisory warning African Americans about their safety and well being” when traveling on American Airlines flights. NAACP Statement The organisation said, “The NAACP, the nation’s original and largest social justice advocacy organization, has released the following statement today announcing... Read more of this article

Bermuda Born Star Says Weinstein Harassed Her

Bermuda Born Star Says Weinstein Harassed Her

Bermuda-born actress Lena Headey has become the latest Hollywood figure to accuse Harvey Weinstein of sexual harassment, with the Game of Thrones star taking to Twitter this week to share her story. Born in Bermuda in 1973 while her father John worked for the Bermuda Police, Ms Headey lived here as a child until her family returned to England. The first... Read more of this article

Bermuda Bean Seeds In ‘Fail Safe’ Arctic Vault

Bermuda Bean Seeds In ‘Fail Safe’ Arctic Vault

Seeds from the critically endangered Bermuda bean are being deposited in the Svalbard Global Seed Vault located halfway between mainland Norway and the North Pole, with the Vault described as a “fail-safe seed storage facility,” built to stand the “challenge of natural or man-made disasters.” Called the “ultimate insurance... Read more of this article