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Local insurers navigating reinsurance cost hikes to maintain affordable coverage

NASSAU, BAHAMAS — Local insurers are doing their best to fight to keep costs down for customers amidst reinsurance cost hikes, according to Richard Darville, Deputy Chairman of the Bahamas Insurance Association (BIA), who noted that catastrophe premiums have increased by 30-40 percent over the past three to five years. Darville explained: “Going into 2022/2023, […]

Luxury brands bolster IP defences as handbag market booms

The allure of designer handbags has long attracted counterfeiters, prompting luxury brands to employ a multi-faceted approach to intellectual property protection, according to insights from the World Intellectual Property Organisation (WIPO) magazine. The global handbag market, projected to reach 68.31 billion dollars this year according to Statista, exemplifies the fusion of fashion, celebrity influence and […]

The Bahamas in June: Get Outside and Play!

Bahamas Is Surging The Tourism Industry With New Visa Free Entry Policy

Visa-free access for 157 countries dramatically boosts The Bahamas’ tourism, achieving an unprecedented record in 2023. Bahamas initiative allowing visa-free access to 157 countries has significantly boosted tourism leading to unprecedented growth in the sector. In 2023, the total number of tourists reached 9,654,838, setting a new record and surpassing all prior expectations. This number […]

FTX lawyers urge the return of seized bizjets to the Bahamas

John Ray, the chief lawyer of Chapter 11 cryptocurrency firm FTX Trading LTD, requested New York judge Lewis Kaplan to return two seized aircraft, a Legacy 600 business jet, C6-BDE (msn 14500967), and a Global Express 5000, N410AT (msn 9295), to FTX’s Bahamian liquidators, who have a “superior interest” in the assets. First reported by […]

Bahamian Independence Celebration

Come dressed in your best island attire and get ready for an unforgettable evening filled with fun and festivity. Celebrate the 51st anniversary of Bahamian Independence with The Curtis Foundation and special guest the Honorable Curt. G. Hollingsworth, Consul General of the Bahamas, at Vizcaya Museum and Gardens! Let’s come together to commemorate the independence […]

The Bahamas Shines at CTO Caribbean Week in NYC

The Bahamas Ministry of Tourism, Investments & Aviation took center stage as a platinum headline sponsor at this year’s Caribbean Tourism Organization (CTO) Caribbean Week in New York City, held from June 16 to June 21. The event, which brought together industry leaders, government officials, and tourism stakeholders from across the region, provided a platform […]