Today, another major international company choose to move its domicile to Bermuda. This time, it's Hardy Underwriting of London who chose Bermuda because of our sound regulatory environment and our sterling reputation. Hardy plans to acquire office space and staff in Bermuda as it participates in the island's thriving reinsurance marketplace.

Invesco Ltd. - a global investment firm with $500 billion in assets - also recently chose Bermuda. According to Invesco Chief Administrative Office Colin Meadows, Bermuda was an "easy choice" going on to say, "There were a number of countries on our list of possibilities and Bermuda came out on top of that list."

The Opposition loves to claim that the sky is falling. From Sir John Swan to Grant Gibbons to Bob Richards - they've all consistently predicted that PLP governance would spell economic doom for Bermuda. They get prime time, front page coverage from all our media outlets with their fearmongering. But, the truth is, they have consistently been proven wrong over the last nine years. And, it's high time for Bermuda's media to debunk the naysayers and report on our continued economic prosperity.

Under the PLP, Bermuda's economy has continued to thrive. Tax revenues are up because more people are making more money in Bermuda. The tourism turnaround is also fueling our economy - and Bermuda is attracting more tourists with more disposable income than ever before. And, as evidenced by today's announcement, international business is still clamoring to come to Bermuda because the PLP has proven to be effective stewards of our economy.