Hashtag: #Europe
‘Invasion Will Impact Global Insurance Industry’
“Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks,” AM Best said.. In its Best’s Commentary, “Significant Implications of Ukraine Invasion on Global Insurance... Read more of this article
Bermuda Red Cross Launch Appeal For Ukraine
Bermuda Red Cross is launching a disaster cash appeal for those affected by Russia’s invasion of Ukraine. A spokesperson said, “Bermuda Red Cross is launching a disaster cash appeal for those affected by the crisis in Ukraine. “We are gravely concerned about the intensification of fighting in Ukraine over the past few days. People... Read more of this article
Ukrainians Thank Community, Set Up Fundraiser
The Ukrainian community have thanked their “Bermuda family” for standing with them and said the “support we are getting from you is incredible,” and noting that many people are asking how they can help, they have set up a fundraising page to raise funds for the Red Cross in Ukraine. They partnered with Ptix for the fundraiser,... Read more of this article
Island’s Ukrainian Community Gather In Solidarity
Members of the Ukrainian community of Bermuda gathered today [Feb 24] to show support and solidarity for each other and their homeland, with people gathering on the steps of City Hall with the Ukraine flag. Russia’s invasion of Ukraine has been widely condemned by the international community, and western nations have levied various sanctions against... Read more of this article
CARICOM Condemn Russia’s Invasion Of Ukraine
CARICOM has joined with the international community in condemning the invasion of Ukraine by Russia. A statement from the said, “The Caribbean Community [CARICOM] strongly condemns the military attacks and invasion of Ukraine by The Russian Federation and calls for the immediate and complete withdrawal of the military presence and cessation of any... Read more of this article
Longtail Aviation ‘Inflight Emergency’ In Europe
An airplane operated by Longtail Aviation, a Bermuda based company, had an “inflight emergency” today [Feb 20] in the Netherlands. A spokesperson said, “An airplane operated by Longtail Aviation underwent an inflight emergency at about 1610 [local time] in The Netherlands. The aircraft, a Boeing 747-400 freighter with Bermuda registration... Read more of this article
Advisory For Bermudians In European Union
“With less than a month before the end of the Brexit transition period, Bermudians living in the European Union on a British passport are advised to follow the UK Government’s guidance on ensuring their continued legal status,” the Bermuda Government said today. A Government spokesperson said, “In June 2016 the United Kingdom voted to leave... Read more of this article
Industry Leaders Welcome EU ‘White List’ Status
Bermuda has been returned to the European Union’s [EU] ‘White List’ of fully cooperative tax jurisdictions, a decision which Bermuda’s global industry groups welcomed, with the entities applauding the “efforts of Bermuda’s government in securing a successful result.” The private sector worked collaboratively with government officials,... Read more of this article
EU Council Removes Bermuda From Annex II
[Updated] Sixteen jurisdictions — including Bermuda — have been removed from Annex II of the ‘EU list of non-cooperative jurisdictions for tax purposes,’ while four jurisdictions have been added. Bermuda was removed from the ’EU list of non-cooperative tax jurisdictions’ last year, but had been added to the Annex... Read more of this article
‘I Do Not Expect Brexit To Have Negative Impact’
“I do not expect Brexit to have a negative impact on this island, certainly in the near future and hopefully beyond,” Governor John Rankin said, citing the fact that Bermuda has no dependence on EU funding, exports very few physical goods to the EU, and has Solvency II Equivalence. The Governor said this as he delivered a speech at the Hamilton... Read more of this article
‘Brexit’ In Effect As Of 7pm Bermuda Time
The United Kingdom will officially leave the European Union as of 7.00pm Bermuda time this evening [Jan 31], beginning a transition period for the nation until a free trade agreement is reached. A BBC story said, “The UK will officially leave the European Union at 23:00 GMT, ending 47 years of membership. “Pro and anti-Brexit demonstrations and... Read more of this article
Brexit Deal Approved By European Parliament
Members of the European Parliament voted in favour of the Brexit deal, one of the final steps that had to be taken before the UK leaves the EU this Friday, January 31st. The Withdrawal Agreement was approved by the European Parliament today [Jan 29] by 621 votes in favour, 49 against and 13 abstentions. The BBC reported, ”After the vote, MEPs... Read more of this article
