Bahamas receives record-breaking number of visitors in 2018

NASSAU, BAHAMAS — The Bahamas received far more visitors to its shores in 2018 than in any previous year in its “entire history of being engaged” in the tourism business, Minister of Tourism and Aviation Dionisio D’Aguilar said Wednesday. The increase in tourism business in 2018 was experienced nationwide — Nassau/ Paradise Island, Grand Bahama and […]

BIA: revised timeline for NHI still “very difficult”

Association to complete substantive review of new NHI structure   NASSAU, BAHAMAS – While expressing support for the government’s efforts to develop a sustainable universal healthcare coverage platform, The Bahamas Insurance Association (BIA) contended yesterday that the timeline for the implementation of NHI is still “very difficult” to achieve. During a press conference at the […]

In-house insurance on the horizon for Bahamian contractors

NASSAU, BAHAMAS- Once an official contractors board has been established, contractors will be able to take advantage of in-house insurance. The announcement came Wednesday from Ministry of Works Registrar Omar Archer, who was present at The Bahamas Contractors Association’s monthly meeting at the west location of the Poop Deck Restaurant. “I was in confirmation last […]

Sterling Bahamas Realty guides second-home owners through renovations

Wealthy second homeowners are increasingly turning to realtors to oversee the fortunes they pour into upgrading and customizing new home purchases once their real estate transaction is completed. “Whether its remodeling, maintenance or hurricane preparedness, luxury home buyers want customized, worry-free, time-saving solutions,” said Lamond Davis, president of Sterling Bahamas Realty, a firm that helps […]

Operations at LPIA “leveling off” after last week’s delays

NASSAU, BAHAMAS – Aviation officials on Sunday reported that operations at the Lynden Pindling International Airport (LPIA) are “levelling off” after numerous delays, inclement weather, the closure of international airports and the reported lack of runway space, which severely crippled operations last week at the country’s main gateway. As for the national flag carrier, Bahamasair, […]

BIA still seeking answers on NHI 2% tax

The  Bahamas Insurance Association (BIA) continues to question the proposed two per cent tax on salaries to fund the National Health Insurance Scheme expected to go into effect next year. Deputy Chairperson, Tina Cambridge said the potential of the program remains at a “wait and see stage” as there has been limited consultation with private insurers. […]

Eco-friendly business boasts compostables

A Bahamian business owner has taken a clean approach to maintain a pristine environment through his online business, Bahamas Compostables. Chief Executive Officer (CEO) Mike Lightbourn, also a resident of Abaco, Bahamas told Eyewitness News on Thursday that his business caters to protecting the environment because the business’ products break down and disintegrate rather than […]

NIB board named, Troy Smith appointed chairman

Troy Smith, a 29-year veteran in the life, health, disability and annuity insurance industry and who previously served in numerous management and executive positions, has been appointed chairman of the National Insurance Board (NIB), a statement released yesterday confirmed. Smith’s appointment became effective July 1st. In recent years Smith’s private pursuits are said to have […]

J.S Johson reports a dismal second financial quarter

J.S Johnson Insurance Agents and Brokers reported a dismal second financial quarter for 2018 and, according to the insurance company’s Managing Director Allister McKellar, the company’s numbers are a direct result of lingering effects of 2017’s Hurricane Irma. According to the company’s 2018 financial statement, “net income declined from $3,363,168 to $2,377,684 with the largest change […]

Hansard to launch new Bahamas-based insurance company

London Stock Exchange-listed company Hansard Global is opening a new insurance company in The Bahamas. In a statement released Thursday, Hansard Worldwide Limited (HWL) was granted an external insurance license by the Insurance Commission of The Bahamas (ICB) Wednesday, and is expected to begin trading near the end of this year. According to the statement, the […]