RSSCategory: Business

Chamber Info Session On Pension Legislation

Chamber Info Session On Pension Legislation

The Bermuda Chamber of Commerce is partnering with the CFA Society Bermuda to present a Lunch and Learn on the changes to the Pension Legislation. The session open to members and non members and will be held at Chamber of Commerce on Wednesday, February 5th, from 12:30pm-2:00pm.Presenting the interactive and informative session will be Mr. Peter Sousa,... Read more of this article

Column: World Economic Impact Of Coronavirus

Column: World Economic Impact Of Coronavirus

[Written by Joseph Sroka] The enthusiasm from the Phase One U.S. – China trade agreement was quickly tempered as fear of the economic impact of the Coronavirus on global growth seeped into the markets. Major market averages saw their first weekly decline for the year.Despite the headline health scare, corporate earnings reporting season rolls... Read more of this article

Sarah Carr Joins Bowring Marsh Bermuda

Sarah Carr Joins Bowring Marsh Bermuda

Bowring Marsh, the international placement specialist of Marsh, announced today that Sarah Carr has joined the firm as Financial and Professional Liability [FINPRO] Placement Leader in Bermuda, reporting to Chris Reeves, CEO, President, and COO, Bowring Marsh Bermuda. In this role, Ms. Carr is responsible for leading a team of Bowring Marsh colleagues... Read more of this article

Bermuda Stock Exchange Report: Jan 28 2020

Bermuda Stock Exchange Report: Jan 28 2020

January 28 saw 3,538 shares trade on the Bermuda Stock Exchange, valued at $86,231.00 BD. 1,726 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.7% at $33.75 per share, while another 500 shares were traded by Somers Limited, closing down 20.0% at $12.00 per share. 1,312 shares were traded by BF&M Ltd, closing down 10.4% at $18.36... Read more of this article

Column: Why I Never Use Airbnb’s Smart Pricing

Column: Why I Never Use Airbnb’s Smart Pricing

[Column written by Ade Brown] One of the most common questions I get asked is whether or not to use Airbnb’s pricing tips. Don’t! This is a very common mistake that new hosts make, even myself. I fell victim to Airbnb’s pricing band. While using smart pricing was great in getting my calendar filled, it was horrible for my property’s revenue... Read more of this article

BLDC Selects Clearwater Beach Concessionaire

BLDC Selects Clearwater Beach Concessionaire

Bermuda Land Development Company has selected a concessionaire for Clearwater Beach, saying that JAS Ltd will become the tenant for the three buildings, including the bar/restaurant area, the beach services building and the beach cabana. A spokesperson said, “Bermuda Land Development Company Limited [BLDC] is pleased to announce the selection... Read more of this article

Princess Offer Australian Menu To Help Wildlife

Princess Offer Australian Menu To Help Wildlife

Hamilton Princess & Beach Club is raising money for Australian charity, Sydney Wildlife, in the wake of the country’s devastating bushfires. Marcus’, the hotel’s flagship restaurant, will be offering a special, Australian-themed a la carte menu for lunch and dinner on Friday, January 31st, with proceeds set to assist orphaned native animals... Read more of this article

Clarien Bank Donates $15K To Meals On Wheels

Clarien Bank Donates $15K To Meals On Wheels

A local charity providing nutritious meals to needy individuals on the Island has been given a much-needed hand up thanks to Clarien Bank. Through their 13th Annual Holiday GiveBack Campaign, Clarien was able to donate $15,000 to Meals on Wheels, a not-for-profit organisation that prepares freshly cooked meals for those unable to cook for themselves,... Read more of this article

Butterfield Announce Management Appointments

Butterfield Announce Management Appointments

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced management changes. The full filing stated: “The Bank of N.T. Butterfield & Son Limited today announced the appointment of Jane Pearce as its new Group Head of Trust [subject to regulatory approvals], replacing Bob Moore who is retiring after more than 22 years... Read more of this article

R&Q Acquires Vigneron Insurance Company

R&Q Acquires Vigneron Insurance Company

Randall & Quilter Investment Holdings Ltd. [R&Q] has acquired the Montana captive insurer, Vigneron Insurance Company Inc. [VICI] from a wholly owned private investment holding company. “VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities,” the company... Read more of this article

Officials To Meet In Bermuda To Discuss FinTech

Officials To Meet In Bermuda To Discuss FinTech

Leading fin-tech experts and central bank officials from Africa, the Americas, Asia, and Europe will attend a meeting in Bermuda on January 29 and January 30 to discuss financial technology [FinTech]. According to TheCommonwealth.org website, “Central bank officials will meet in Bermuda next week to agree on a framework that can help build robust... Read more of this article

Canadian Tech Summit To Be Held In Bermuda

Canadian Tech Summit To Be Held In Bermuda

Appleby will be sponsoring and speaking at the Canadian Technology Summit in Bermuda, with the keynote event scheduled for Tuesday 28 January at the Hamilton Princess. “The aim of the Summit is to align technology initiatives between the governments and businesses in Bermuda and Canada,” a spokesperson said. “The Summit will showcase... Read more of this article

Gracie Point Closes $50 Million Capital Raise

Gracie Point Closes $50 Million Capital Raise

Gracie Point Holdings, LLC announced that it closed a $50 million capital raise, led by Hudson Structured Capital Management Ltd. [conducting its re/insurance business as HSCM Bermuda]. “The strategic infusion of capital will be used to fund continued growth in the U.S. and Asian markets, the launch of Gracie Point’s Canadian operation,... Read more of this article