RSSCategory: Business

Bermuda Stock Exchange Report: Dec 11 2019

Bermuda Stock Exchange Report: Dec 11 2019

December 11 saw 488 shares trade on the Bermuda Stock Exchange, valued at $10,273.36 BD. 288 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.5% at $34.97 per share, while another 200 shares were traded by Bermuda Aviation Services Ltd, closing down 32.7% at $1.01 per share. The BSX finished at 2,294.40, up 0.25% on the day. There was... Read more of this article

Hilton Senior Executives Visit Bermudiana Resort

Hilton Senior Executives Visit Bermudiana Resort

Senior executives representing Tapestry Collection by Hilton were recently in Bermuda meeting with the onsite sales team from Coldwell Banker Bermuda Realty and Bermudiana Development Company Ltd. to discuss the sales launch and marketing of the vacation hotel/residential development, which they said is due to open in summer 2020. “The signing... Read more of this article

Polaris Holdings In “Talks With The Union”

Polaris Holdings In “Talks With The Union”

[Updated] Following a staff protest at the docks this morning [Dec 11], Polaris CEO Warren Jones confirmed that they are “currently in talks with the Union about an ongoing personnel situation.” The CEO of Polaris Holding Company Limited, which is the parent company of Stevedoring Services Limited, Warren Jones, stated, “We are currently... Read more of this article

Consumer Price Index: Inflation Decreased 0.7%

Consumer Price Index: Inflation Decreased 0.7%

Consumers paid 0.8% more in September 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation declined 0.7 percentage points from August 2019. This is according to the latest Consumer Price Index, which said, “Between August 2019 and September 2019, the average cost of... Read more of this article

ICRMC: Digital Transformation Presents Potential

ICRMC: Digital Transformation Presents Potential

Digital transformation presents “incredible potential as organisations seek to deliver greater value to their stakeholders, as with digital transformation there is a social responsibility to ensure that the gap between the skills people have and those needed for jobs or to function in the digital world is minimised.” This was from Arthur... Read more of this article

NMAC Welcomes Dr. Jeffrey MacLeod

NMAC Welcomes Dr. Jeffrey MacLeod

Dr. Jeffrey MacLeod has joined the staff of Northshore Medical & Aesthetics Center [NMAC]. A spokesperson said, “Dr. MacLeod brings over 20 years of experience in healthcare to NMAC, having studied medicine and surgery at Flinders University in South Australia, before completing the Vocational Training Scheme for General Practice in the United... Read more of this article

Chubb Makes $10M Equity Investment In ATI

Chubb Makes $10M Equity Investment In ATI

Chubb and the African Trade Insurance Agency [ATI] announced that Chubb has made a $10 million equity investment in ATI. “Chubb is the first global property and casualty insurance company to become a shareholder in Africa’s leading multilateral political risk and credit insurer,” the company said. “Chubb is the world’s... Read more of this article

AXIS Appoints Anne Melissa Dowling To Board

AXIS Appoints Anne Melissa Dowling To Board

Bermuda-based AXIS Capital Holdings Limited announced that Anne Melissa Dowling has been appointed to the Company’s Board of Directors, effective January 1, 2020. Ms. Dowling will serve as a member of the Company’s Audit, Corporate Governance and Nominating, and Finance Committees. “Anne Melissa is an exceptional leader whose career in insurance... Read more of this article

Bermuda Stock Exchange Report: Dec 10 2019

Bermuda Stock Exchange Report: Dec 10 2019

December 10 saw 3,056 shares trade on the Bermuda Stock Exchange, valued at $25,307.17 BD. 256 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.8% at $34.79 per share, while another 2,300 shares were traded by Argus Group Holdings Ltd, closing down 0.7% at $2.78 per share. 500 shares were traded by BF&M Ltd, closing up 8.9% at... Read more of this article

Jamie Madison Donates To Family Centre

Jamie Madison Donates To Family Centre

Local designer, Jamie Madison Collection, is beginning the holiday season giving back to children by way of The Family Centre, with the brand donating 20 jackets to families with children between the ages of 3 and 11. Entrepreneur Jaime Ramsay said, “This is the season for giving and we have partnered with the Family Centre to give back to our community.... Read more of this article

Argus Group Reports Earnings Of $3.9 Million

Argus Group Reports Earnings Of $3.9 Million

In a filing with the Bermuda Stock Exchange [BSX], Argus Group Holdings Limited announced net earnings of $3.9 million for the the six months ended September 30, 2019. The full filing stated: “Argus Group Holdings Limited today announced net earnings of $3.9 million for the six months ended September 30, 2019, compared with net earnings of $10.0 million... Read more of this article

NAIC Grants Bermuda Reciprocal Jurisdiction

NAIC Grants Bermuda Reciprocal Jurisdiction

The National Association of Insurance Commissioners [NAIC] has announced that Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, while also approving the island as a Qualified Jurisdiction. A spokesperson said, “The National Association of Insurance Commissioners announced today that Bermuda has been granted Reciprocal... Read more of this article

Skyport Awards Advertising Contract To AAC

Skyport Awards Advertising Contract To AAC

Skyport has awarded AAC with the advertising concession for the new terminal at the LF Wade International Airport. A spokesperson said, “Skyport today announced that AAC has been awarded the advertising concession for the new state-of-the-art terminal. “AAC will be responsible for advertising in the new terminal using a range of mediums... Read more of this article