RSSCategory: Business

BMA Partners With Family Centre To Raise Funds

BMA Partners With Family Centre To Raise Funds

In the lead up to the 2019 Cup Match holiday, employees of the Bermuda Monetary Authority partnered with the Family Centre to help raise funds for their specialised programmes and services assisting children and families across the island. BMA staff members supported Family Centre’s annual Cup Match Tag Day on Wednesday 31 July by manning various... Read more of this article

Tysers Launches In Bermuda, Tomkins Relocates

Tysers Launches In Bermuda, Tomkins Relocates

Tysers announced that they have launched a Bermuda-based affiliate, and Richard Tomkins has relocated from London to Bermuda to become the Managing Director. “Tysers announces today the launch of its Bermuda-based affiliate, Tysers [Bermuda] Ltd. Richard Tomkins has relocated from London to Bermuda and becomes Managing Director of Tysers Bermuda,”... Read more of this article

Bank Of Butterfield Building Decorated For Pride

Bank Of Butterfield Building Decorated For Pride

The Bank of Butterfield has decorated its head office in order to recognize and celebrate the upcoming Pride events, with the company highlighting the decorations on social media, with a photo and caption saying, “Butterfield head office getting dressed for Bermuda Pride 2019.” A spokesperson previously said, “Butterfield is providing financial... Read more of this article

Bermuda Stock Exchange Report: Aug 13 2019

Bermuda Stock Exchange Report: Aug 13 2019

August 13 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $12,000.00 BD. 1,200 shares were traded by Devonshire Industries Ltd, closing down 17.7% at $3.25 per share, while another 300 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $27.00 per share. The BSX finished at 1,914.38, down 0.02% on the day. There were... Read more of this article

Lawyers Relocate To Carey Olsen In Hong Kong

Lawyers Relocate To Carey Olsen In Hong Kong

Law firm Carey Olsen has added Bermuda law capabilities to its Hong Kong office with the relocation of Bermudians Henry Tucker and Kyle Masters. “The arrival of Mr. Tucker and Mr. Masters, who were members of the dispute resolution and litigation practice at Carey Olsen Bermuda prior to heading to Hong Kong, means the Hong Kong office now boasts... Read more of this article

Maiden Holdings Announce Q2 Financial Results

Maiden Holdings Announce Q2 Financial Results

Bermuda-based Maiden Holdings, Ltd. reported a second quarter 2019 net loss attributable to Maiden common shareholders of $15.4 million or $0.19 per diluted common share, compared to a net loss attributable to Maiden common shareholders of $5.9 million or $0.07 per diluted common share in the second quarter of 2018. The non-GAAP operating loss was $22.0... Read more of this article

Conyers Legal Scholarship & Bursary Winners

Conyers Legal Scholarship & Bursary Winners

Conyers announced that Conor Hay is the 2019 recipient of the firm’s legal scholarship award, and the firm also awarded four new bursaries to Bermudian law students Ciara Burrows, Ryan Robinson Perinchief, Nicole Yearwood, and Shayla Smith. The scholarship award, presented annually to a Bermudian enrolled in a law degree programme, is valued... Read more of this article

Bermuda Stock Exchange Report: Aug 12 2019

Bermuda Stock Exchange Report: Aug 12 2019

August 12 saw 4,000 shares trade on the Bermuda Stock Exchange, valued at $94,000.00 BD. 3,000 shares were traded by Ascendant Group Limited, closing at an even $30.00 per share, while the other 1,000 shares were traded by One Communications Ltd, closing down 1.3% at $3.75 per share. The BSX finished at 1,914.67, down 0.04% on the day. There were 0... Read more of this article

Destination Dockyard Cancelled Due To Weather

Destination Dockyard Cancelled Due To Weather

This evening’s [Aug 12] Destination Dockyard has been cancelled due to the weather, the organisers said. Stephanie Rodill, the West End Development Corporation’s Marketing and Events Manager, said: “We are very disappointed to have to cancel but we cannot change the weather. “Destination Dockyard runs until August 26, every Monday night... Read more of this article

Spending & Cruise Arrivals Up, Air Arrivals Down

Spending & Cruise Arrivals Up, Air Arrivals Down

“Vacationers who arrived in Bermuda by air poured more money into the local economy in the first half of 2019 versus a year ago—despite the fact there were fewer visitors,” the BTA said today. “Leisure air arrivals were down 5 percent through June 2019 when compared to the same period a year ago, but air visitor spending was up 1... Read more of this article

Crypto Firm Circle Engages Oyster Consulting

Crypto Firm Circle Engages Oyster Consulting

Circle, an global crypto financial services company, engaged Oyster Consulting [Bermuda], to help guide them through a successful application process for the Class F license, and to provide compliance services for the future. “In June 2019 Circle became first full-service crypto finance company with a trading desk, stable coin and exchange to... Read more of this article

Assured Guaranty To Acquire BlueMountain

Assured Guaranty To Acquire BlueMountain

Assured Guaranty – a publicly traded Bermuda-based holding company — has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management, LLC  and its associated entities for a purchase price of approximately $160 million, subject to certain adjustments. BlueMountain is an alternative asset... Read more of this article

Shipping Schedule: Week Starting August 10

Shipping Schedule: Week Starting August 10

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday August 10th.On Sunday the Adventure of the Seas and Norwegian Gem cruise ships and the Oleander container ship are expected, on Monday the Anthem of the Seas cruise ship and the Esperanza container ship will arrive, and... Read more of this article