Bermuda business facts:
- The Bermuda insurance industry, and the professional services that support that sector, are the leading foreign sources of insurance and reinsurance services to the U.S. (www.bermuda-insurance.org)
- Bermuda is the world’s leading offshore captive domicile. Approximately 75% of the 500 leading companies in the U.S. have captive insurance subsidiaries in Bermuda. (www.bermuda-insurance.org)
- Billboards and public advertisements are illegal in Bermuda with very few exceptions. (www.bermudalaws.bm under 1911 Advertisement Regulations Act)
- Franchises in Bermuda (with the exception of hotels and clothing stores) are highly discouraged. (www.bermudalaws.bm)
Fun facts about Bermuda:
- Bermuda has the shortest drawbridge in the world; Somerset Bridge is about 12 inches long and just wide enough for a sailboat mast to pass through.
- Cup Match, at the end of July or beginning of August, is Bermuda’s biggest and most anticipated holiday. The two-day cricket game between the East End team and the West End team is the focal point.
- For centuries Bermuda has practiced water conservation in the design of its roofs. The importance of roof catchments as a source of drinking water is recognized in the Public Health (Water Storage) Regulations of 1951. Bermuda roofs are made from Bermuda slate and timber and are whitewashed; they collect rainwater into tanks stored under each house. The water undergoes a filtration process providing each dwelling with its own water supply.
- The delicate pink hue to Bermuda’s sand comes from broken shells mixed with pieces of coral and calcium carbonate.
- The Bermuda Triangle falls between Bermuda, Puerto Rico and Florida. While it has become part of popular culture to link the Bermuda Triangle to paranormal activity, most investigations indicate bad weather and human error are the more likely culprits.
- Bermuda has the most golf courses per capita of any location in the world. There are seven 18-hole golf courses and two 9-hole courses in its 20.75 square miles.