Stephen Lansdown, who was appointed as Chairman in September, welcomed the results but said the financial services sector continued to face an ever-increasing regulatory burden.
Another topic at CHOGM was Fintech, which according to Senator Thompson, the Bahamas wants to be a leader in that industry.
Mime Petroleum, an independent development and production company, was established by BWE and Sverre Skogen, chairman and CEO of Mime Petroleum.
The TIEA allows Bermuda subsidiaries of certain Canadian corporations with international operations to be eligible for Canadian tax benefits, including the tax-free repatriation of certain dividends to Canada.
Under the new arrangement, which was effective from 1 April 2018, the team will work with OMGI, continuing to develop and support the business’s position in the market.