RSSCategory: Business

BSX Moving To A T+2 Settlement Cycle

BSX Moving To A T+2 Settlement Cycle

The Bermuda Stock Exchange [BSX] today announced that effective Monday, October 23rd the Exchange will be moving to a T +2 [trade date plus two days] settlement cycle. This following an announcement last month by both the US’ Depository Trust Companies and Canada’s Central Securities Depositories [CSDs] that they were joining many European Union... Read more of this article

Everest Re, AXIS & Arch Q3 Loss Estimates

Everest Re, AXIS & Arch Q3 Loss Estimates

More Bermuda-based re/insurers – Everest Re Group, AXIS Capital Holdings and Arch Capital Group – have announced their preliminary estimates of third quarter 2017 catastrophe losses. Everest Re Group: $900 Million Everest Re Group, Ltd. announced that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement... Read more of this article

CARICOM Statistics Day Observation Today

CARICOM Statistics Day Observation Today

[Updated] In observation of CARICOM Statistics Day the officers of the Department of Statistics, from 12:00 p.m. and 2:00 p.m. today [Oct. 13], the Department of Statistics is encouraging members of the public to visit their booth in the lower level of the Washington Mall. CARICOM Statistics Day is annually observed on October 15, with this year’s... Read more of this article

Insurance For High-Value Homes, Art, Jewelry

Insurance For High-Value Homes, Art, Jewelry

Allied World Assurance Company Holdings, GmbH and Hudson Structured Capital Management Ltd. announced today their investment in Vault, a new venture that caters to the high net-worth personal insurance market. Vault is uniquely structured as a Reciprocal Insurance Exchange, a fully licensed MGA and is positioned to meet the complex needs of the high... Read more of this article

Bermuda Stock Exchange Report: Oct 12 2017

Bermuda Stock Exchange Report: Oct 12 2017

October 12 saw 1,810 shares trade on the Bermuda Stock Exchange, valued at $13,980.00 BD. 1,300 shares were traded by Ascendant Group Limited, closing up 2.6% at $9.49 per share, while another 500 shares were traded by One Communications Ltd, closing down 3.3% at $2.90 per share. 10 shares were traded by Watlington Waterworks Ltd, closing at an even... Read more of this article

Carla Seely Column: The Cost Of Living Longer

Carla Seely Column: The Cost Of Living Longer

[Written by Carla Seely] Ask yourself a question – If a scientist could create a pill that allowed you to live another 10 to 20 years, extending your lifespan to between 110 and 115 years, would you take it? Well, I can certainly answer that question: Definitely not! It doesn’t matter whether the quality of life is there or not, financially I couldn’t... Read more of this article

Seminars To Help Launch Online Businesses

Seminars To Help Launch Online Businesses

Inspire eBusiness is getting ready to launch its series of free workshops for existing and new entrepreneurs interested in starting online businesses with its first seminar entitled Set Up to Start Up – understanding how to get your online business started. The series kicks-off in October and will run monthly through to March 21st, 2018, tackling... Read more of this article

Video: Paul Telford Named New BTA Chairman

Video: Paul Telford Named New BTA Chairman

Minister of Tourism and Economic Development Jamahl Simmons today [Oct 12] named Bermudian hotelier Paul Telford as chairman of the Bermuda Tourism Authority Board of Directors as the founding Chairman David Dodwell retired from the role and from the Board. Mr Dodwell led the creation of the Bermuda Tourism Authority since January 2013, becoming Chairman... Read more of this article

Business Groups Support Middle-School Studies

Business Groups Support Middle-School Studies

Bermuda’s global industry groups are joining forces with middle-school teachers to help boost awareness about the island’s economy and careers in international business. Led by the Association of Bermuda International Companies [ABIC], the initiative has won support from the Association of Bermuda Insurers & Reinsurers [ABIR], the Bermuda Insurance... Read more of this article

Chamber of Commerce On The CARTAC Report

Chamber of Commerce On The CARTAC Report

Following their review of the CARTAC report, the Chamber of Commerce said they are supportive of increasing Bermuda’s tax base by having more companies and individuals attracted to Bermuda, strengthening enforcement of tax collection, and said they feel “higher tax rates for those earning higher salaries is fair and equitable.” The CARTAC... Read more of this article

Arch Capital Make Senior Management Changes

Arch Capital Make Senior Management Changes

Bermuda-based Arch Capital Group Ltd. announced a number of senior management changes in its Worldwide Reinsurance Group and Bermuda office. Jerome Halgan, currently the President and Chief Executive Officer of Arch Reinsurance Company in the U.S., has been promoted to the role of Chief Executive Officer of Arch Reinsurance Ltd. in Bermuda. Matt Dragonetti,... Read more of this article

Bermuda Stock Exchange Report: Oct 11 2017

Bermuda Stock Exchange Report: Oct 11 2017

October 11 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $35,452.00 BD. 3,000 shares were traded by Ascendant Group Limited, closing down 0.1% at $9.25 per share, while another 1,000 shares were traded by Devonshire Industries Ltd, closing up 22.2% at $5.50 per share. 1,000 shares were traded by Bermuda Aviation Services Ltd, closing... Read more of this article

Column: Land Tax Bills After Selling House?

Column: Land Tax Bills After Selling House?

[Written by Harry Kessaram] Remember learning about the Boston Tea party in history class and the rallying cry, “no taxation without representation”? Well, if you find yourself being billed for land tax on a house you’ve sold, that could be a case of “taxation without accurate representation”. Simply put, you may still be represented as the... Read more of this article