The Association of Bermuda International Companies (ABIC) has announced that Roy Fellowes will chair its Education Awards Committee, which administers the largest and most broadly supported scholarship program in Bermuda. Mr. Fellowes, of HSBC Insurance Solutions (Bermuda) Limited, succeeded David Holland of Fidelity International as chairman of the ABIC Education Awards (“ABICEA”) committee, which is […]
Supervisor of Insurance Jeremy Cox (pictured) outlined how the BMA is responding to a new era of global regulatory enhancement. “The challenge is to strike the right balance between maintaining an effective regulatory framework ..while avoiding requirements where the cost burdens imposed on the industry are out of proportion to the resulting public benefits.” Attachments: […]
Dear Members, Scott Carmilani, representing ABIR, and I met with Garry Madeiros of BELCO as they requested an opportunity to update us on developments since the power outage. Much of what we discussed is attached in the following three documents – a Press Release dated September 29, 2005, the report of the investigation by E.A. […]
In light of the recently released Bermuda Independence Commission (“BIC”) report, the Association of Bermuda International Companies (“ABIC”) and the Association of Bermuda Insurers and Reinsurers (“ABIR”) today reiterated their concerns surrounding the issue of independence. ABIC and ABIR stressed that the concerns outlined in their written submissions on the topic remain unchanged, adding that […]
Dear ABIC Members, I had a meeting yesterday with Garry Madeiros and Vince Ingham, at their request, in order to get a better feel for what happened last week and the implications for all of us on a going forward basis. Garry & Vince realize that there is a need for greater communication on the […]
