Hashtag: #Canada
Bermuda Trust Named In Lawsuit
An Ontario Superior Court judge has certified a massive class-action lawsuit over a “scheme” involving a Bermuda trust which resulted in thousands of Canadians submitting inflated charitable donation receipts that the Ottawa taxman refused to accept. “When Michael Cannon heard about the Donations for Canada Gift Program — an opportunity... Read more of this article
BF&M: ‘We Continue To Do Well’
Bermuda’s BF&M Insurance Group has emerged from a difficult year, with the cost of its reinsurance coverage going up even while the firm’s clients are opting for cheaper policies given the current economic downturn . But BF&M, which operates primarily in Bermuda but also in Barbados, the Bahamas and the Cayman Islands, believes... Read more of this article
Yachtsman Thought He Would Die
Yachtsman Sergei Morozov told a Canadian newspaper today [Dec. 28] he thought he would die during his ill-fated voyage from Halifax to Bermuda and recorded a farewell message for his loved ones. Mr. Morozov left Halifax on December 5 bound for Bermuda on the first leg of an around-the-world voyage in his sailboat “Hikari”. But almost as... Read more of this article
Aurigen Re In Credit Agricole Transaction
Credit Agricole Securities Inc. today [Dec. 28] announced the placement of CAD $120 million of notes issued by Vecta I Ltd., marking the first securitisation of Canadian life insurance embedded value in a transaction sponsored by Bermuda’s Aurigen Reinsurance Limited [ARL]. Covering a closed block of policies reinsured by Aurigen between 2008... Read more of this article
Canadian Sailor Arrives Safe & Sound
Giving his family something to celebrate this Christmas season, a Canadian sailor who the Coast Guard had been searching for arrived safe and sound in Bermuda at approximately 3pm this afternoon [Dec.24]. His boat is pictured below docked at Ordnance Island in St George’s. On December 5th, Sergei Morozov set sail from Canada aboard “Hikari,”... Read more of this article
Canadians Capture Goodwill Title
The 59th Bermuda Goodwill concluded with the team from Lambton Golf and Country Club “C” of Canada dominating the senior gross and net divisions. Lambton “C” was led by professional Matthew Yustin, with his club amateurs Mark Keuleman, Mark McCallum and Tim Macklaier. They captured the overall Net Title in the Senior Division... Read more of this article
Hitchens Dismissed Bermuda Proposal
“Vanity Fair” columnist, essayist and best-selling author Christopher Hitchens [pictured] — who has died at the age of 62 – once took exception to a suggestion from one of his mentors that Bermuda become the headquarters of a post-Commonwealth political and economic union of the world’s English-speaking countries. Political... Read more of this article
Bermuda Woman Fined For DUI In Canada
“It was an unusual case of drunk driving that saw a woman plead guilty to a different charge so she can get back in the country,” reported Canada’s Southshore.ca. “Fifty-nine-year-old Jean Ferrett and her husband live in Bermuda, but have homes in Chester and Halifax. They also have a son and grandchild living in the Truro... Read more of this article
Bermuda Woos Canadian Captives
Bermuda officials have told A.M. Best’s news service the island has seen an uptick in interest from Canadian companies considering Bermuda as a domicile for their captives. This follows Bermuda and Canada agreeing to a Tax Information and Exchange Agreement earlier this year. The TIEA makes Bermuda subsidiaries of Canadian corporations eligible... Read more of this article
Bermuda Casino Policy Backlash?
Major cruise lines may be pulling out of Bermuda in a bid to pressure Government to allow their casinos to open while in port here, a nationally syndicated Canadian columnist says today [Dec. 2]. Phil Reimer, whose “Ports & Bows” column on the cruising industry appears in newspapers across Canada run by Postmedia, says Bermuda’s... Read more of this article
Celebrating Bermuda’s Cultural Identity
After decades of neglecting the island’s heritage as part of its hospitality product, Bermuda is belatedly — and aggressively — promoting cultural tourism one of the Government Cultural officers told a recent international conference. In her presentation entitled “In the Heads of Our People: Tradition-Bearers and Cultural Tourism”,... Read more of this article
Canada’s One-Time Bermuda Diplomat Dies
Canada’s diplomatic representative to Bermuda in the 1970s has died in London, Ontario at the age of 85. Barry Steers was a familiar figure on the island when he simultaneously served as the Canadian Commissioner to Bermuda while he was also that country’s High Commissioner in New York. He joined the Canadian Trade Commissioner Service in... Read more of this article
