RSSCategory: Business

Photos: Hamilton Princess Upgrade In Progress

Photos: Hamilton Princess Upgrade In Progress

The $90 million upgrade to the Fairmont Hamilton Princess is underway, with some 21 subcontractors represented by 90 staff working on the site. Earlier this year the Green family — the Bermudian family that owns the hotel — announced details of major renovation plans designed to enhance the property, with the project being conducted in... Read more of this article

Allied World Bermuda Donates Wheelchairs

Allied World Bermuda Donates Wheelchairs

Allied World Bermuda recently purchased and donated wheelchairs from Medical House, Ltd. to healthcare organizations throughout the island. Medical House was founded in 1995 and is a business that helps offer comfort and quality of life to the ill and elderly. Lorraine Rest Home, Matilda Smith Williams Seniors Residence, the Dialysis Unit at King Edward... Read more of this article

Bermuda Stock Exchange Report: April 22 2014

Bermuda Stock Exchange Report: April 22 2014

Today [Apr 22] saw a volume of 570 shares trade on the Bermuda Stock Exchange, valued at $2,644.91 BD. 70 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, even on the day. The final 500 shares were traded by KeyTech Ltd, which closed at $5.01, down 2.0%. The BSX closed at 1,420.64, down 0.09% from yesterday’s... Read more of this article

BF&M Announce 2013 Earnings Of $25.2 Million

BF&M Announce 2013 Earnings Of $25.2 Million

BF&M Limited has released its 2013 fiscal numbers, showing that shareholders’ net income for the year ended December 31, 2013 was $25.2 million, resulting in an annualized return on shareholders’ equity of 11.7 percent. Shareholders’ net income for the comparative period of 2012 was $21.9 million. President & CEO, John Wight [pictured]... Read more of this article

Coral Beach Appoint New Assistant Manager

Coral Beach Appoint New Assistant Manager

Coral Beach Club has appointed Peter Kyle [pictured left] as its new Assistant General Manager. Tim Thuell, Managing Director of Coral Beach Club, said, “We are thrilled to have Peter join us at Coral Beach Club. With local and international hotel experience at luxury AA four diamond properties, we are sure he will be an asset to our team.” A... Read more of this article

IoD Finance for Non-Financial Directors Course

IoD Finance for Non-Financial Directors Course

The Institute of Directors [IoD] Bermuda branch is getting set to host the Finance for Non-Financial Directors course on May 15, 16, and 17, 2014. A spokesperson said, “Competent fiduciary oversight is a core responsibility of directors. The Finance for Non-Financial Directors course provides vital knowledge of the financial terms and concepts... Read more of this article

Capital G Bank Rebrands As Clarien Bank

Capital G Bank Rebrands As Clarien Bank

[Updated with photos] Clarien Group Limited announced that they will be renaming Capital G Bank to Clarien Bank Limited. This includes all subsidiary companies: Capital G Investments Limited, Capital Trust Limited, Capital G BSX Services Limited, CGI Nominees Limited and Capital G Brokerage Limited. Clarien said, “The Group combines unrivalled... Read more of this article

Bermuda Stock Exchange Report: April 21 2014

Bermuda Stock Exchange Report: April 21 2014

Today [Apr 21] saw a volume of 16,196 shares trade on the Bermuda Stock Exchange, valued at $90,431.56 BD. 9,200 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, down 2.4% on the day. 2,900 shares were traded by BF&M Ltd, closing at $17.50 per share, up 2.9% on the day. Another 500 shares were traded by... Read more of this article

Opinion Column: “Think Global, Act Local”

Opinion Column: “Think Global, Act Local”

[Opinion column written by Jonathan Starling] The announcement that Gibbons Company will be carrying GAP products has been welcomed by many in the community that follow fashion trends. However, it is important that we recall the saying ‘think global, act local’ when we look at this announcement. Far too often it is too easy to think only in terms... Read more of this article

Aspen Hits Back After Endurance’s Proposal

Aspen Hits Back After Endurance’s Proposal

Yesterday [Apr 20] Aspen Insurance Holdings Ltd. issued a letter to shareholders regarding a previously disclosed unsolicited proposal from Endurance Specialty Holdings Ltd. to acquire Aspen for $3.2 billion. The two Bermuda-based re/insurers have been going back and forth since Aspen unanimously rejected Endurance’s proposal earlier this month. Glyn... Read more of this article


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