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BERMUDA QUINCENTENNIAL
The Years of Discovery
BERMUDA
IN BUSINESS FOR 500 YEARS
Published in Association with the Government of Bermuda
BAHAMAS | BARBADOS | BERMUDA | CAYMAN | GUERNSEY | UNITED KINGDOM
Future Possibilities Enriched by Past Experiences.
Our view of the world is very different from that of our forebears. Years of discovery,
exploration and accumulation of knowledge have provided a solid foundation for
the future.
At Butterfield Bank, over 145 years of experience has allowed us to recognise and adapt
to our customers' changing needs. Today, our expertise affords customised financial
services to a wide variety of clients with a diverse range of needs. Butterfield Bank offers
competitive pricing, products and services critical to your success in the following areas:
· Personal Banking
· Corporate Banking
· Private Banking<
BERMUDA QUINCENTENNIAL The Years of D
BAHAMAS | BARBADOS | BERMUDA | CAYMAN
(c) 1997 Bermuda Zoological Society
ACKNOWLEDGEMENTS
ACKNOWLEDGEMENTS ACKN
BERMUDA Bermuda has everything for international
CREDITS BERMUDA IN BUSINESS FOR 500 YEARS Pub
&UNDAMENTAL STRENGTH ENABLES COMPANIES TO HARNESS
CONTENTS
while you deal with today, we'll take care of t
CONTENTS Andrea Bieler, Front St Hamilton 192
CONTENTS Gustave Cimiotti, Flower Farm. Maste
Photo: Roland Skinner-Picturesque, Bermuda Ca
OPENING NOTE OPENING NOTE His E
From start .... D&J EXCAVATING & LANDSCAPING LTD
FOREWORD FOREWORD The Hon
FOREWORD
Alea would like to congratulate Bermuda on its 50
CAN A FIRM BE A JACK OF ALL TRADES AND A MASTER
On 20 February 1969, the Government of Bermuda pa
INTRODUCTION Continuing change in internation
General Contractors and Construction Managers
American International and Bermuda 19
HISTORY OF BERMUDA A PROUD AND INDEPENDENT PEOPLE
HISTORY OF BERMUDA Edward James, Confedera
HISTORY OF BERMUDA apparent that this English
HISTORY OF BERMUDA Monarch of Bermuda on s
HISTORY OF BERMUDA some retailers were left w
HISTORY OF BERMUDA allow black people to sit in t
HISTORY OF BERMUDA start to grow until the 195
US Airways congratulates Bermuda on its 500th ann
HISTORY OF BERMUDA FRIENDS AND NEIGHBOURS Gavin
HISTORY OF BERMUDA Dept. of Communication & Info
HISTORY OF BERMUDA Swan, the population voted
COMPANIES
COMPANIES
COMPANIES FOUNDATIONS: THE BERMUDA REGISTRAR OF C
COMPANIES international and domestic busin
COMPANIES STATISTICS 2003
BERMUDA INSURANCE & REINSURANCE BROKERS ASSOCIATI
COMPANIES A VOICE FOR INTERNATIONAL BUSINESS
depth of experience Aspen is a leading global p
COMPANIES A TALE OF TWO PREMIERS Lee Coppack r
Our Mission Statement Through the
COMPANIES ASIAN PIONEER FINDS HOME IN BERMUDA Har
COMPANIES business sectors quickly followed. BE
COMPANIES BERMUDA PEOPLE: MANSFIELD (JIMMY) BRO
COMPANIES very varied and wide. Part of my job
“IN ALL PHOTOGRAPHY THERE IS NOTHING PLATINUM PR
COMPANIES BERMUDA DOMESTIC INSURANCE MARKET Ins
RE/INSURANCE
RE/INSURANCE
Exploring New Horizons Tokio Mi
RE/INSURANCE REGULATION OF INSURANCE IN BERMUDA I
RE/INSURANCE proposed senior management and busin
3 Mutual Insurance Companies. 113 Energy Industry
RE/INSURANCE FROM ROCK TO RISK CAPITAL David Ez
RE/INSURANCE become major players. The establishm
RE/INSURANCE Attorney Liability Assurance (AL
Stability Stability amid amid Turmoil Turmoil
RE/INSURANCE STARR COMES TO BERMUDA The American
RE/INSURANCE
RE/INSURANCE It took time to rearrange the v
RE/INSURANCE below, which visiting executives cou
RE/INSURANCE CAPTIVATING PEOPLE Three men who
RE/INSURANCE The energy industr y was an early us
RE/INSURANCE also provide a training ground f
RE/INSURANCE LEGAL ASPECTS OF THE BERMUDA INSUR
RE/INSURANCE CAT UNDERWRITERS After Hurricane
RE/INSURANCE Healthcare captives are growing.
RE/INSURANCE CAPTIVE TERMINOLOGY by Peter Willett
The Tillinghast business of Towers Perrin congrat
RE/INSURANCE MARITIME MUTUALS AND BERMUDA Thre
RE/INSURANCE sterling against the dollar hit t
`Held Captive' A History of International
RE/INSURANCE MUTUAL INTERESTS IN ENERGY Oi
RE/INSURANCE change was in the wind for the petro
RE/INSURANCE OIL and sEnergy operate on
RE/INSURANCE THE LIFE OF BRIANS The histories
RE/INSURANCE HOW DO YOU FEEL ABOUT THE INSURAN
Albert Gleizes, La Maison du Gouverneur (the Gove
RE/INSURANCE THE BERMUDIANA STORY Set in a 15 a
RE/INSURANCE deteriorating. He persuaded his o
Legacy of a Premium Company Don Facundo Bacar
Original Compañía Ron BACARDI S.A. headquarters i
Originally Eguilior's design called for
,ISTEN ,ISTEN ,ISTEN #OMMIT !T0ARTNER2E WERESPECT
RE/INSURANCE SMALL ISLAND: BIG MARKET Darren Oli
RE/INSURANCE reinsurers. Investments had failed t
A REFRESHING BLEND OF CHALLENGING SANDS AND CHA
RE/INSURANCE not the only way of taking surplus c
RE/INSURANCE GRADUATING WITH DISTINCTION: CLASS
RE/INSURANCE reinsurer, NAC Re Corporation, an
RE/INSURANCE aggressive approach to generate i
RE/INSURANCE had been Chairman and Chief Execu
RE/INSURANCE A PRIMER ON BERMUDA REINSURANCE LAW
RE/INSURANCE of reinsurance contracts, Bermuda co
RE/INSURANCE A BROKER'S PERSPECTIVE Bermuda's br
RE/INSURANCE A VOICE FOR BROKERS Insurance bro
RE/INSURANCE TRANSFORMING RISK Market disruption
RE/INSURANCE Northridge, CA, earthquake January 1
RE/INSURANCE CHANGING INVESTMENT PERSPECTIVES F
RE/INSURANCE income, a total return strategy
RE/INSURANCE generally utilise one of two rou
RE/INSURANCE INSURANCE EDUCATION IN BERMUDA Elsp
RE/INSURANCE and the Institute called upon volunt
BERMUDA STORIES: ROBIN SPENCER-ARSCOTT The dapp
FINANCIAL SERVICES
FINANCIAL SERVICES
FINANCIAL SERVICES THE EVOLUTION OF THE BERMUDA S
FINANCIAL SERVICES customised trading system, Ber
BERMUDA – IN BUSINESS FOR 500 YEARS 123
U n i q u e l y Established in 1971 the Bermuda
FINANCIAL SERVICES FOUR HORSEMEN AND THE AIRBO
FINANCIAL SERVICES Image provided by the Bermuda
FINANCIAL SERVICES Then there was anothe
FINANCIAL SERVICES A TRUSTED PLACE TO DO BUS
FINANCIAL SERVICES the time of the trust's creati
FINANCIAL SERVICES NEW LAW TO REGULA
FINANCIAL SERVICES Images provided by
FINANCIAL SERVICES oversight) needed for a sch
FINANCIAL SERVICES with statutor y obligations
On the planet to perform Jupiter Asset Managemen
FINANCIAL SERVICES THE EVER CHANGING HEDGE
FINANCIAL SERVICES
FINANCIAL SERVICES based in the United States
FINANCIAL SERVICES FLYING HIGH – THE BERMUDA
FINANCIAL SERVICES Bermuda, are liable to income
FINANCIAL SERVICES THE PAST, PRESENT AND FUTURE O
FINANCIAL SERVICES
FINANCIAL SERVICES
FINANCIAL SERVICES license to offer a full ra
Photos, Dept of Communication & Information FINA
FINANCIAL SERVICES Bank of Bermuda HSBC
Fairmont Hotels & Resorts FINANCIAL SERVICES V
FINANCIAL SERVICES
FINANCIAL SERVICES JOINING THE FIGHT AGAINST
FINANCIAL SERVICES concerned with the management
digitalvision FINANCIAL SERVICES THE NEW ADVEN
FINANCIAL SERVICES the best telecommunications
FINANCIAL SERVICES DATA RICH, INFORMATION POOR
FINANCIAL SERVICES Law. As a result, compute
BUSINESS CLASS TELECOMMUNICATIONS SOLUTIONS Quali
FINANCIAL SERVICES WIRED BERMUDA Much of Bermuda
FINANCIAL SERVICES New colocation centre, BTC
FINANCIAL SERVICES THE BANKER, TWO LAWYERS, THE A
FINANCIAL SERVICES conducted exclusively thro
FINANCIAL SERVICES conser vative field, the c
BUSINESS IN BERMUDA - RELOCATION sales · rental
Dept. Communication & Information. FINANCIAL SER
HISTORY is our BUSINESS H istory is the heart of
FINANCIAL SERVICES SCIENTIFIC RESEARCH FOR RISK
FINANCIAL SERVICES
FINANCIAL SERVICES 45 40 35 30 Latitude 20
FINANCIAL SERVICES Winslow Homer, House on th
FINANCIAL SERVICES common to make homes more dist
FINANCIAL SERVICES building materials and product
FINANCIAL SERVICES Gustave Cimiotti, Flower
FINANCIAL SERVICES
FINANCIAL SERVICES accommodated in dormitory
TOURISM
TOURISM
TOURISM PROFITING FROM PARADISE Dun
TOURISM Sloop, Bermuda Maritime
TOURISM
TOURISM wake of relations strained by the US
TOURISM unsupported by any reliable infrastructur
A ROOM WITH A VIEW: BERMUDA'S HOTELS The crown j
TOURISM discouraged. Drink was available to prohi
TOURISM But, for all its allure, this new
TOURISM RESURGENCE IN TOURISM As B
TOURISM Voyager of the Seas, Royal Cari
TOURISM Horizons, Dept. of Communications & Infor
0 %%"-Y!(- %0"-!"'!(- % d !(0 / + " 2(.)+
TOURISM
TOURISM
TOURISM A LONG TAIL OF FLIGHT Tony Dawe t
TOURISM including Colonial Airlines which la
CIRCA 1684
FUTURE
FUTURE (
FUTURE EVOLUTION AN
FUTURE
FUTURE accounting firms, investment providers
| NORTH ROCK VENTURES LTD. | TELECOMMUNICATIONS |
FUTURE E-BUSINESS: A PAST AND A FUTURE Nigel Hi
FUTURE e-commerce service providers would be expe
FUTURE who now chairs the technology law prac
FUTURE BUILDING ON THE INSURANCE INDUSTRY
FUTURE As of June 2003, Bermuda's mutual and
FUTURE THE FUTURE OF TOURISM Dr the Hon Ewa
FUTURE The critical components of the 1, 2,
Aon is a premier provider of insurance, reins
FUTURE MARKETING THE INSURANCE MARKET Roger Gil
FUTURE HAMILTON – A DEVELOPMENT PLAN Bermuda's
FUTURE Photos/Illustrations, Linberg & Simmons L
FUTURE Albouy's Point ferr y terminal to the f
Washington Properties (Bermuda) Limited
This print of Bermuda is based on vertical aerial
ADVERTISERS' INDEX Aardvark Communications
Bermudian Dinghy Alaskan Dinghy