RSSCategory: Business

Marine Locker Win International Dealer Award

Marine Locker Win International Dealer Award

Marine Locker has been awarded the 2016 International Dealer of the Year for Scout Boats at a reception in South Carolina, with the company crediting “genuine Bermudian hard work and sacrifice” credited for the achievement. Sales Manager Lyle Douglas said, “This is a tremendous honour for our company. The award is based not only on... Read more of this article

Bermuda Stock Exchange Report: Sept 23 2016

Bermuda Stock Exchange Report: Sept 23 2016

September 23 saw 43,586 shares trade on the Bermuda Stock Exchange, valued at $1,024,271.00 BD. 43,586 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.1% at $23.50 per share. The BSX finished at 1,541.30, down 1.44% on the day. There were 0 advances, 1 decline, and 63 remained unchanged. The full report for the day is available here... Read more of this article

FMG Intends To Open Hurricane Claims Centre

FMG Intends To Open Hurricane Claims Centre

[Updated] Freisenbruch-Meyer Group will open a dedicated Claims Centre over the weekend, and said they “intend to have dedicated staff managing our reception hall and call center assisting clients with any claims they may have.” The company said, “Weather forecasts show that Tropical Storm Karl continues toward Bermuda and it is expected... Read more of this article

Hamilton Princess Hotel Prepared For TS Karl

Hamilton Princess Hotel Prepared For TS Karl

Hamilton Princess & Beach Club advised that hurricane preparations are underway in advance of the anticipated arrival of Tropical Storm Karl. “To ensure the safety and security of its guests and colleagues, the hotel team is following a comprehensive hurricane preparedness plan and the property is well equipped to handle the storm,”... Read more of this article

Clarien Will Close At 3:30pm Today Due To Karl

Clarien Will Close At 3:30pm Today Due To Karl

Clarien Bank Limited will close at 3:30pm today [Sept 23] due to the impending approach of Tropical Storm Karl. “Offices will also be closed tomorrow, September 24. Customers may access the ATM area of the 19 Reid branch by swiping any Clarien or non-Clarien debit or credit card,” the company said. “However, significant caution should... Read more of this article

BPS Warn Of Business Email Compromise Scam

BPS Warn Of Business Email Compromise Scam

Saying that Bermuda has “already seen a number of local businesses having encountered the ‘Business Email Compromise’ scam, some of whom have experienced substantial financial loss,” the police have warned businesses of a scam which targets employees who perform regular wire transfers. A police spokesperson said, “The Bermuda Police... Read more of this article

BSX Announce Extension Of Daily Trading Hours

BSX Announce Extension Of Daily Trading Hours

The Bermuda Stock Exchange announced the extension of daily trading hours effective Wednesday, 28 September 2016. The BSX Price discovery pre-market session will take place as usual from 8:30 am with continuous trading from 9:00 am to 4:30 pm. In making the announcement, Greg Wojciechowski, President & CEO said “I am delighted to announce the... Read more of this article

AXIS Capital Declares $0.35 Quarterly Dividends

AXIS Capital Declares $0.35 Quarterly Dividends

Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.35 per common share. The common dividend will be payable on October 17, 2016 to the shareholders of record at the close of business on October 3, 2016. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375... Read more of this article

Chubb Select Internship Accepting Applicants

Chubb Select Internship Accepting Applicants

Chubb is now accepting applications for its Chubb Select Internship scheduled for June-August 2017. The application deadline has been moved up to October 14, 2016 from November with interviews being conducted the following week. Chubb Select is a dedicated insurance internship aimed at Bermudian university students who are considering a career in Bermuda’s... Read more of this article

Bermuda Stock Exchange Report: Sept 22 2016

Bermuda Stock Exchange Report: Sept 22 2016

September 22 saw 55,963 shares trade on the Bermuda Stock Exchange, valued at $612,193.60 BD. 36,315 shares were traded by Argus Group Holdings Ltd, closing even at $4.05 per share, while another 19,448 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $24.00 per share. 200 shares were traded by Ascendant Group Limited, closing... Read more of this article

A.M. Best Affirms Credit Ratings Of BF&M Limited

A.M. Best Affirms Credit Ratings Of BF&M Limited

In a filing with the Bermuda Stock Exchange [“BSX”], BF&M Limited noted that that A.M. Best affirms the credit ratings of BF&M Limited and its subsidiaries. The statement said, “A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of BF&M Life... Read more of this article

New! Notification Centre In Bernews Mobile App

New! Notification Centre In Bernews Mobile App

The Bernews App has just gotten even easier to use with the addition of a new notification centre, combining all breaking news alerts in an easy-to-read format. With the ability to subscribe to the optional push notifications, you can receive breaking news alerts directly to your phone, with the new notification center allowing your phone or tablet... Read more of this article

BDA & Industry Prepare: Week Of Major Events

BDA & Industry Prepare: Week Of Major Events

A week of major international business conferences to close September will bring hundreds of delegates to the Island from Latin America, the US, Canada and further afield next week, the Bermuda Business Development Agency said. “Bermuda Business Development Agency [BDA] and its stakeholders are preparing for five significant industry events being... Read more of this article