RSSCategory: Business

December 2018 Consumer Price Index Report

December 2018 Consumer Price Index Report

Today [March 14], the Minister for the Cabinet Office Walton Brown released the December 2018 Consumer Price Index publication from the Department of Statistics. The Minister explained, “In December 2018 consumers paid 0.9 per cent more for the CPI basket of goods and services than they did in December 2017. Between November 2018 and December 2018... Read more of this article

Strykz Bowling Lounge Adds Arcade Games

Strykz Bowling Lounge Adds Arcade Games

Strykz Bowling Lounge has enhanced their offerings with the launch of arcade games, adding to their currently available bowling facility, restaurant, and more. A spokesperson said, “Strykz Bowling Lounge is please to share their latest product developments which enhance your bowling experience, popular food items, music and arcade games. Owner... Read more of this article

Hamilton To Acquire Pembroke Managing, IEDAC

Hamilton To Acquire Pembroke Managing, IEDAC

Hamilton Insurance Group, Ltd., the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s, today announced that it has signed a definitive agreement with Liberty Mutual Group [Liberty] to acquire the Pembroke Managing Agency Limited [Pembroke] platform at Lloyd’s and Ironshore Europe DAC [IEDAC]. The company... Read more of this article

Bermuda Stock Exchange Report: March 13 2019

Bermuda Stock Exchange Report: March 13 2019

March 13 saw 5,223 shares trade on the Bermuda Stock Exchange, valued at $104,411.00 BD. 5,223 shares were traded by Ascendant Group Limited, closing even at $20.00 per share. The BSX finished at 2,237.15, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

New ‘Oleander’ Arriving In Bermuda On Friday

New ‘Oleander’ Arriving In Bermuda On Friday

Bermuda Container Line Ltd.’s [BCL] new custom-built container and roll-on/roll-off vessel, M.V. Oleander, is expected to arrive in Bermuda from China on Friday, March 15th, with BCL saying it should be transiting Hamilton Harbor from between 3:15 p.m. and 3:45 p.m. “The new Oleander is longer and wider than its predecessor, with new design... Read more of this article

New Sub Contracts Awarded For Airport Project

New Sub Contracts Awarded For Airport Project

Six Bermudian companies have been awarded sub-contracts in the new airport terminal building including tiling, glassworks, painting and masonry works, Skyport announced today. Tiling and Terrazzo work for the floors of the new terminal has been awarded to Eminence Contractors Ltd. Aecon’s sub-contractor for the curtain wall, N R Windows has awarded... Read more of this article

Conyers Helps Women Dress For Success

Conyers Helps Women Dress For Success

In celebration of International Women’s Day 2019, Conyers Dill & Pearman launched a Dress for Success initiative across the global firm, asking for donations of women’s business clothing, to pass on to local charities. In Bermuda, the clothing has been donated to the Red Cross, and will be sold at their “Upstairs Closet” outlet at very affordable... Read more of this article

RenRe Receives Approvals For Acquisition

RenRe Receives Approvals For Acquisition

RenaissanceRe Holdings announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re [UK] Limited. RenaissanceRe had announced on October 30, 2018 that it had entered into a definitive agreement with Tokio Marine Holdings, Inc. to acquire Tokio... Read more of this article

PartnerRe Changes P&C & Leadership Team

PartnerRe Changes P&C & Leadership Team

PartnerRe announced that the Company will reorganize its Property & Casualty [P&C] business segment into a regional structure, and will make several changes to its Executive Leadership Team. Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional units: Americas, Europe, Middle-East and Africa... Read more of this article

Bermuda Stock Exchange Report: March 12 2019

Bermuda Stock Exchange Report: March 12 2019

March 12 saw 18,400 shares trade on the Bermuda Stock Exchange, valued at $671,600.00 BD. 18,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.50 per share. The BSX finished at 2,237.15, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Groups Committed To Working With Government

Groups Committed To Working With Government

Bermuda’s industry groups have pledged support for the “market’s long-respected record on compliance and tax-transparency and are backing the Bermuda government’s efforts to expedite the island’s removal from a European Union list of ‘non-cooperative’ jurisdictions.” The EU has been requesting that nations and jurisdictions... Read more of this article

Tawanna Wedderburn Takes Legal Action

Tawanna Wedderburn Takes Legal Action

The former CEO of the Bermuda Health Council Tawanna Wedderburn has confirmed that she will be taking legal action over her ‘separation’ from the Council. In December of last year, the Bermuda Health Council confirmed the “separation of employment” between the Council and Mrs Wedderburn. Mrs Wedderburn said, “On 11th March 2019... Read more of this article

Colonial Opens New Office In Grand Bahama

Colonial Opens New Office In Grand Bahama

Colonial Group International Ltd. [CGI] has broken ground on a new office building in Freeport, Grand Bahama. The 12,000-foot complex on The Mall, Freeport’s main commercial artery, represents an investment of approximately $4 million by the Bermuda-based company. CGI chairman Dr. Grant Gibbons said during the ground-breaking ceremony that the project... Read more of this article