Hashtag: #Brexit

Garrod: Brexit Could Bring Business To Bermuda

Garrod: Brexit Could Bring Business To Bermuda

Volatility and uncertainty caused by the Brexit vote is likely to lead to new business and jobs in Bermuda, according to one of the Island’s corporate lawyers. Chris Garrod, a Director in the Corporate department of Conyers Dill & Pearman, said Bermuda had laid all the right foundations to benefit from the outcome of Brexit. “My belief is that... Read more of this article

Premier Attends Meetings In United Kingdom

Premier Attends Meetings In United Kingdom

Earlier today, Premier Michael Dunkley held meetings at No. 9 Downing Street with Robin Walker, Parliamentary Under Secretary of State, Department for Exiting the European Union. “Discussions were frank in terms of having a direct understanding of Britain’s exit from the European Union [Brexit] and what a likely relationship is moving forward,”... Read more of this article

Column: Bermuda’s Role In Brexit Negotiations

Column: Bermuda’s Role In Brexit Negotiations

[Opinion column written by Gregory Francis] As interested parties queue to gain access to the table – or at least the overflow CCTV room – in the upcoming Brexit negotiations, Bermuda seems to have lost pole position to the more agile Crown Dependencies. On 30 July the UK Prime Minister said she appreciated the Crown Dependencies’ belief they... Read more of this article

Column: How Should Bermuda Handle Brexit?

Column: How Should Bermuda Handle Brexit?

[Opinion column written by Gregory Francis] Being There for Brexit Bermuda’s Premier is in the dark about Brexit. So is the UK PM in many respects. But the challenge that Premier Dunkley faces, like all past heads of government, is how to stay informed so that events in London don’t take you by surprise. As Bermuda decides just what it wants from... Read more of this article

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... Read more of this article

UK Overseas Territories Meeting Begins In TCI

UK Overseas Territories Meeting Begins In TCI

Today’s [July 20] UK Overseas Territories [OT] Heads of Government Pre-Joint Ministerial Council Meeting began with an in depth discussion on the British exit from the European Union. Premier Michael Dunkley is currently in the Turks and Caicos Islands for the annual meetings, which serve as a precursor to the upcoming OT Joint Ministerial Council... Read more of this article

Possible Impact Of Brexit On Bermuda’s Tourism

Possible Impact Of Brexit On Bermuda’s Tourism

The “travel industry is one of those most affected by currency changes,” and “depending on the currency one uses, the impact could be positive or negative,” with statistician Cordell Riley saying we should be carefully monitoring forward bookings and be “contemplating a ‘Brexit Package’ to take to the marketplace... Read more of this article

Premier: Govt Has Held Discussions With UK

Premier: Govt Has Held Discussions With UK

Speaking today in the House of Assembly today [July 15] Premier Michael Dunkley provided an update on the Government’s engagement regarding the UK’s withdrawal from the European Union, saying that “in consideration of the potential impact of the UK decision on Bermuda, the Government has held discussions with officials within the UK Government... Read more of this article

‘Involve Leadership Of OTs In Exit Discussions’

‘Involve Leadership Of OTs In Exit Discussions’

Opposition MP Walton Brown moved a motion in the House of Assembly yesterday which calls on the United Kingdom government to “actively involve the leadership of the UK Overseas Territories in the exit discussions so that the interests of the Overseas Territories can be fully represented and advanced.” The UK referendum on June 23rd saw the... Read more of this article

OTs ‘Made Clear’ They Hoped UK Would Remain

OTs ‘Made Clear’ They Hoped UK Would Remain

The Overseas Territories “all made clear that they hoped we would remain part of the European Union,” Baroness Hooper said yesterday [July 5] in the House of Lords during the Motion to Take Note of the outcome of the referendum. The UK referendum on June 23rd saw the British vote — by 51.9% — to leave the European Union. Baroness Hooper,... Read more of this article

Column: MP Commissiong On Britain’s Brexit

Column: MP Commissiong On Britain’s Brexit

[Opinion column written by Rolfe Commissiong] The political scientist and theorist Francis Fukuyama in a 1989 essay once wrote that with the triumph of Western Liberal values – the precursor of neo-liberalism at the end of the cold war – that that would signal an end to history itself. Well on the 23rd of June, 2016, millions of British voters... Read more of this article

UK Will “Consult” With Territories About Brexit

UK Will “Consult” With Territories About Brexit

Speaking in UK Parliament yesterday, Prime Minister David Cameron said they must ensure that the interests of all parts of the UK are protected, so as they prepare to negotiate with the European Union they will consult various jurisdictions including the Overseas Territories. The UK referendum on June 23rd saw the British vote — by 51.9% — to sever... Read more of this article

AM Best: Brexit Could Impact On Insurers Results

AM Best: Brexit Could Impact On Insurers Results

According to A.M. Best, the financial market volatility from Brexit “could have a material impact on insurers’ half-year results and balance sheets.” The UK referendum saw the British vote — by 51.9% — to sever the country’s membership in the European Union, with Britain set to be the first country to leave the EU since its formation. A... Read more of this article

Bermuda Signatures Listed On UK Brexit Petition

Bermuda Signatures Listed On UK Brexit Petition

According to the statistics associated with the petition, as of this writing over 200 people who listed their location as Bermuda have signed the petition on the UK Parliament website calling for a second referendum on EU membership. The petition — which has over 2.6 million signatures overall — says, “We the undersigned call upon... Read more of this article

Walter Roban: Brexit’s Implications For Bermuda

Walter Roban: Brexit’s Implications For Bermuda

“It is important that Bermuda’s future interest is not at risk and does not fall victim to any negative consequences the exit of the UK from the European Union may bring,” Shadow Minister of Home Affairs Walter Roban said. The historic UK referendum saw the British vote — by 51.9% — to sever the country’s membership in the... Read more of this article

Business Leaders On Impact Of UK Leaving EU

Business Leaders On Impact Of UK Leaving EU

[Updated] The Association of Bermuda Insurers and Reinsurers and Bermuda Business Development Agency have both commented on the British voters decision to leave the European Union, with the referendum seeing 51.9% of voters backing an exit vote, while 48.1% voted to stay. ABIR said that Bermuda’s Solvency II equivalence finding by the European Union... Read more of this article