News
New era! WINAIR acquires 2 ATR aircraft
SIMPSON BAY, St Maarten – Winward Islands Airways International (WINAIR), which services the region, including the [British] Virgin Islands, has announced the acquisition of two (2) ATR 42-500 series aircraft, one of which will fly to Terrance B. Lettsome International Airport on Beef Island.
Interpath expanding into VI with acquisition of Kalo
ROAD TOWN, Tortola, VI - Interpath Advisory, the independent financial advisory business, today, July 20, 2022, announced the acquisition of Kalo, the restructuring, insolvency, and advisory firm with operations in the [British] Virgin Islands (VI), the Cayman Islands and Anguilla.
Global law firm HFW launches VI office
ROAD TOWN, Tortola, VI- Global law firm HFW has launched in the [British] Virgin Islands by acquiring the office of offshore law firm Lennox Paton.
Global reinsurer Peak Re to fully acquire NAGICO Insurances
ROAD TOWN, Tortola, VI- NAGICO Insurances, the largest privately owned General Insurance company in the Caribbean, has announced that definitive agreement has been reached for full acquisition by Peak Reinsurance Company Limited (Peak Re), a Hong Kong-based global reinsurer.
'Drag racing stadium' could be built @ Beef Island- Premier
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands is advancing talks for the ‘Hung Land’ at Beef Island to expand the Terrance B. Lettsome International Airport and perhaps add a drag racing stadium.
Republic Bank to ‘invest in local talent’; Retains all Scotiabank staff
ROAD TOWN, Tortola, VI- Republic Financial Holdings Limited (RFHL) completed its acquisition of Scotiabank’s operations in the [British] Virgin Islands on May 31, 2020, and all 51 staff members of former Scotiabank have been retained.
Turnbulls to receive compensation for land encroachment after 47 years – Dr Wheatley
ROAD TOWN, Tortola, VI- The Turnbull family of Myers Estate on Tortola will be compensated by the Government of the Virgin Islands, nearly 50 years after the Enis Adams Primary School encroached on their property, Minister for Education, Culture, Youth Affairs, Fisheries and Agriculture Dr the Honourable Natalio D. Wheatley (R7) has said.
Digicel Completes Acquisition of Submarine Fibre Assets Across the Caribbean
ROAD TOWN, Tortola, VI - Digicel has received the required approvals from Government and regulatory authorities with regard to its purchase of a submarine fibre network across the Caribbean region from the Guadeloupe-based Loret Group and Caribbean Fibre Holdings and the transaction is now complete, it was announced today.
UPDATE: Sasha Hodge acquitted on criminal proceeds charge
ROAD TOWN, Tortola, VI – The Court dismissed charges against Sasha Hodge today, May 17, 2013 and Senior Magistrate Tamia Richards instructed that the defendant was free to go after several delays occurred in delivering the decision in her trial.