RSSCategory: Business

BF&M To Close On Monday Due Hurricane Teddy

BF&M To Close On Monday Due Hurricane Teddy

BF&M Limited announced that its offices will be closed on Monday [Sept 21] due to Hurricane Teddy. A spokesperson said, “BF&M wishes to inform customers that its offices will be closed on Monday, 21 September due to Hurricane Teddy. Please take all necessary precautions to prepare at this time. Updates about our reopening will be issued... Read more of this article

SEC: Unikrn To Pay $6.1 Million Penalty

SEC: Unikrn To Pay $6.1 Million Penalty

The U.S. Securities and Exchange Commission announced charges against Unikrn Inc “for conducting an unregistered initial coin offering [ICO] of digital asset securities” and said that Unikrn “agreed to settle the charges by paying a $6.1 million penalty.” A statement from the SEC said, “The Securities and Exchange Commission... Read more of this article

Matt Paskin Appointed CEO Of Convex Bermuda

Matt Paskin Appointed CEO Of Convex Bermuda

Convex Group Limited announced that the appointment of Matt Paskin as CEO of Convex Re Limited [Bermuda]. A spokesperson said, “Convex Group Limited [Convex], the international specialty insurer and reinsurer, is delighted to announce that Matt Paskin has been appointed as CEO of Convex Re Limited [Bermuda] and Theo Butt has been appointed as... Read more of this article

Bermuda Stock Exchange Report: Sept 17 2020

Bermuda Stock Exchange Report: Sept 17 2020

September 17 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,806.93, 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 StoriesWojciechowski: Connection Between ILS & ESG MIH Acquires Controlling Interest In... Read more of this article

HSBC Bank To Close On Monday Due To Teddy

HSBC Bank To Close On Monday Due To Teddy

In what marks the first announcement we have of a closure due to Hurricane Teddy, HSBC Bank Bermuda said they will be closed for business on Monday [Sept 21] due to the “threat of Hurricane Teddy. A spokesperson said, “Due to the threat of Hurricane Teddy to the Island, HSBC Bank Bermuda Limited will be closed for business on Monday, 21st... Read more of this article

Video: Entrepreneur Series Highlights Glam Pop

Video: Entrepreneur Series Highlights Glam Pop

The MarketPlace has released the fifth episode of their “MarketPlace Entrepreneur Spotlight” video series — which highlights local entrepreneurs who sell their locally made or grown products through their stores — with the latest episode spotlighting Wanneeka Saunders and Glam Pop.The video’s description says, “The MarketPlace Entrepreneur... Read more of this article

Colonial Offers Additional Help To Taxi Operators

Colonial Offers Additional Help To Taxi Operators

Colonial Insurance said they have “stepped up its help for taxi drivers who are struggling due to Covid-19 by offering further cuts in insurance costs.” “We’ve seen how Covid-19 has affected tourism and, as a result, taxi drivers are seeing a big drop in their business,” said Naz Farrow, Colonial’s Chief Executive Officer. “When... Read more of this article

TPRE Announces Partnership With Arcadian Risk

TPRE Announces Partnership With Arcadian Risk

Third Point Reinsurance Ltd. [TPRE] today [Sept 17] announced an investment in Arcadian Risk Capital Ltd.. A spokesperson said, “Third Point Reinsurance Ltd. [TPRE] today announced an investment in Arcadian Risk Capital Ltd. [“Arcadian” or “Arcadian Risk”], a start-up led by John Boylan, a well-known industry executive with a 30-year track... Read more of this article

Are You A Youth Entrepreneur? Enter Youth Pitch

Are You A Youth Entrepreneur? Enter Youth Pitch

The Bermuda Economic Development Corporation [BEDC] is looking for students across the island to pitch the next great idea with a focus on technology, for a chance to compete in the Youth Pitch category of the Rocket Pitch Competition. A spokesperson said, “If you are a student under the age of 18 with a burning idea for a new tech related business,... Read more of this article

Arcadian Risk Launches In Bermuda

Arcadian Risk Launches In Bermuda

Arcadian Risk Capital Ltd. announced today they are launching as a new underwriting operation based in Bermuda. “The start-up will initially underwrite Excess Casualty and Professional Lines insurance,” a spokesperson said, “Arcadian has received its licence from the Bermuda Monetary Authority and will operate as a Managing General... Read more of this article

Axis Capital Declares $0.41 Quarterly Dividend

Axis Capital Declares $0.41 Quarterly Dividend

AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share payable on October 15, 2020, to shareholders of record at the close of business on October 2, 2020. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375 per depositary... Read more of this article

Bermuda Stock Exchange Report: Sept 16 2020

Bermuda Stock Exchange Report: Sept 16 2020

September 16 saw 3,096 shares trade on the Bermuda Stock Exchange, valued at $43,887.00 BD. 596 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.7% at $24.50 per share, while another 800 shares were traded by Somers Limited, closing down 3.4% at $14.00 per share. 800 shares were traded by BF&M Ltd, closing at an even $18.00 per... Read more of this article

Conyers Launches Student ‘Gap Year’ Internship

Conyers Launches Student ‘Gap Year’ Internship

Conyers announced the launch of the Student ‘Gap Year’ Internship, a 6-8 month paid programme to support students who have put their studies on hold as a result of the Covid-19 pandemic. A spokesperson said, “The Student Gap Year Internship is a 6-8 month paid programme to support high-potential, recent graduates from our local senior schools,... Read more of this article