RSSCategory: Business

Hamilton Princess Calendar Of Festive Events

Hamilton Princess Calendar Of Festive Events

Hamilton Princess & Beach Club today unveiled their slate of festive events for the upcoming holiday season. “On Christmas Day, brunch will be offered from 12pm until 3pm at both Marcus’ and Crown & Anchor for $65 for food only or $95 including selected alcoholic beverages, plus gratuities,” a spokesperson said. “A three-course... Read more of this article

Chamber To Host Session On U.S. Tax Reform

Chamber To Host Session On U.S. Tax Reform

The Bermuda Chamber of Commerce has partnered with KPMG to host a breakfast update session on the impending U.S. Tax Reform. “With the U.S. Senate’s approval of tax reform legislation on 2 December 2017, another significant step has been taken towards the passage of comprehensive tax reform legislation in the U.S,” the Chamber said. “The... Read more of this article

Argus Group Reports Net Loss Of $2.3 Million

Argus Group Reports Net Loss Of $2.3 Million

Argus Group Holdings Limited announces their Financial Strength Rating upgrade to A- [Excellent] with a stable outlook and a loss of $2.3 million for the six months ended September 30, 2017, compared with net earnings of $8.2 million for the corresponding period in 2016. Alison Hill, Chief Executive Officer of the Argus Group, comments: “We are delighted... Read more of this article

BELCO Undertaking Market Research Survey

BELCO Undertaking Market Research Survey

BELCO would like to advise its customers that it will be undertaking a customer survey throughout December. The research will be conducted by Total Research Associates [TRA], a public opinion and market research firm and its partner, Corporate Research Associates [CRA]. It will include telephone and online surveys and will run from today, December 11th... Read more of this article

Bermuda Stock Exchange Report: Dec 11 2017

Bermuda Stock Exchange Report: Dec 11 2017

December 11 saw 1,104 shares trade on the Bermuda Stock Exchange, valued at $ 18,745.60 BD. 1,104 shares were traded by BF&M Ltd, closing up 0.1% at $17.01 per share. The BSX finished at 2,221.90, even on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Auditor General On Consolidated Fund

Auditor General On Consolidated Fund

Auditor General Heather Thomas’s opinion on the financial statements of the Consolidated Fund of the Government of Bermuda for the year ended March 31, 2017, is included in the financial statements tabled in the House of Assembly  by the Minister of Finance. “As a result of the audit work carried out, I was able to conclude that the financial statements... Read more of this article

East End Group & Decisions To Join Forces

East End Group & Decisions To Join Forces

East End Group [EEG] and Decisions Limited today announced a merger between their organizations, saying there “are great synergies between the two organizations teams and services,” with the company also noting that there will be no redundancies in either company due to the merger. EEG is the proprietor of East End Telecom [EET], the leading... Read more of this article

Committee Re-opens Bargain Box Thrift Store

Committee Re-opens Bargain Box Thrift Store

The Committee of 25 has re-opened the Bargain Box effective November 4th, with the store open every Saturday from 10am until 2pm, with opening hours expected to expand in the new year. “Committee of 25 is a charity that provides financial support to families of children with special needs. This can range from financial assistance for prescription... Read more of this article

Price Commission Amendment Passes In House

Price Commission Amendment Passes In House

The Price Commission Amendment Act 2017 passed in the House of Assembly with bipartisan support on Friday evening [Dec 8], with the Bill seeking to change the Commission to the “Cost of Living Commission”, with an aim to focus on cost of living matters. The Bill’s Explanatory Memorandum said, ”This Bill amends the Price Commission Act 1974 so... Read more of this article

Goslings Launches TV Commercials Overseas

Goslings Launches TV Commercials Overseas

Goslings Rum is launching a television advertising campaign overseas, with the commercials set to be shown on NBCSN during sports oriented and targeted telecasts including Premier League Soccer, National Hockey League games, skiing and snowboarding competitions. “Goslings Rum will be the marquee sponsor of Premier League Soccer during the December... Read more of this article

XL Estimate Q4 Catastrophe Loss Of $250M

XL Estimate Q4 Catastrophe Loss Of $250M

XL Group Ltd announced its preliminary estimate of natural catastrophe net losses of approximately $250 million for the fourth quarter through December 1, 2017. The primary driver of this estimate is the impact of the October 2017 wildfires in Northern California of approximately $200 million primarily from the Company’s Reinsurance segment, and... Read more of this article

Govt Signs Tax Agreement With United States

Govt Signs Tax Agreement With United States

The Government of Bermuda has signed a tax agreement with the United States, a Country by Country Competent Authority Agreement. “This agreement signifies that the Government of Bermuda has satisfied the Internal Revenue Services’ [IRS] data safeguards review and complies with the Organization for Economic Co-Operation and Development [OECD]... Read more of this article

Validus Holdings Announces Leadership Roles

Validus Holdings Announces Leadership Roles

Bermuda-based Validus Holdings, Ltd. announced the following leadership appointments “designed to enhance the development and execution of its global strategy.”Kean Driscoll – Global Head of Reinsurance, in addition to his roles as President of Validus Holdings, Ltd. and Chief Executive Officer ofValidus Reinsurance, Ltd.;Peter Bilsby... Read more of this article