RSSCategory: Business

Made In Bermuda Nights Hamilton Edition

Made In Bermuda Nights Hamilton Edition

The City of Hamilton will host one of the Made in Bermuda Nights in the 2019 summer series. The popular Thursday evening event on White’s Island rolled out in 2018 and showcased a rotating line-up of local musicians and entertainers; an evening where locals and tourists could party with the best of Bermuda’s talent. This summer the City of Hamilton... Read more of this article

Bermuda Stock Exchange Report: July 11 2019

Bermuda Stock Exchange Report: July 11 2019

July 11 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $15,600.00 BD. 3,000 shares were traded by One Communications Ltd, closing up 6.1% at $3.50 per share, while another 2,000 shares were traded by LOM Financial Limited, closing even at $2.80 per share. The BSX finished at 2,140.41, up 0.13% on the day. There was 1 advance, 0 declines,... Read more of this article

April 2019 Consumer Price Index Report

April 2019 Consumer Price Index Report

Today [July 11], Minister for the Cabinet Office Wayne Furbert released the April 2019 Consumer Price Index publication from the Department of Statistics. Minster Furbert said, “In April 2019 consumers paid 1.0 per cent more for the CPI basket of goods and services than they did in April 2018. Between March 2019 and April 2019 the average cost of... Read more of this article

Go-Float Offers Electric Boat Excursions

Go-Float Offers Electric Boat Excursions

CurrentSea Ltd has launched Go-Float Bermuda, which is offering electric boat excursions in a two-seater watercraft off of the West End. A spokesperson said, “CurrentSea Ltd. is a locally owned company which has established Go-Float Bermuda to offer electric boat excursions in the beautiful calm waters of the West End. “The Bermudian owners... Read more of this article

Gorham’s Employees Down Tools This Morning

Gorham’s Employees Down Tools This Morning

[Written by Don Burgess] [Updated] Gorham’s employees downed tools this morning. A shop steward told Bernews that vision and dental benefits were taken away from the staff, which caused the walkout. Staff say they were not consulted about the cutbacks on benefits. They were told on June 26 that they would lose all their vision and dental coverage... Read more of this article

RenaissanceRe Promotes Matthew Neuber

RenaissanceRe Promotes Matthew Neuber

RenaissanceRe Holdings announced that Matthew Neuber, Senior Vice President, Ventures & Corporate Finance, will be promoted to the position of Corporate Treasurer, subject to Bermuda Immigration approval. As Corporate Treasurer, Mr. Neuber will report to Robert Qutub, Chief Financial Officer. Mr. Neuber will succeed Aditya Dutt, President of Renaissance... Read more of this article

Carey Olsen Bermuda Promotes Gavin Woods

Carey Olsen Bermuda Promotes Gavin Woods

Carey Olsen Bermuda has promoted Gavin Woods of its corporate practice to the role of partner. “Gavin, who joined the corporate team at Carey Olsen Bermuda at the beginning of this year, has nearly 10 years’ experience in the Bermuda market, prior to which he practised in London and New York,” the firm said. “He specialises in... Read more of this article

Chubb: New Policy On Coal Related Underwriting

Chubb: New Policy On Coal Related Underwriting

Chubb Limited announced that it has adopted a new policy concerning coal-related underwriting and investment, saying the “company will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal.” “Insurance... Read more of this article

Bacardi Names Tony Latham Executive VP & CFO

Bacardi Names Tony Latham Executive VP & CFO

Bacardi announced the appointment of Tony Latham to Executive Vice President and Chief Financial Officer. Mr Latham, who joins Bacardi from Unilever, will oversee all finance activities including global accounting, tax and treasury as well as revenue growth management plus global business services and information technology. He will be a member of... Read more of this article

PartnerRe Appoints Chris Shanahan

PartnerRe Appoints Chris Shanahan

Bermuda-based PartnerRe Ltd. announced that Chris Shanahan has been appointed President of its US Life operations effective July 1, 2019. Mr. Shanahan joined PartnerRe in May 2018 as Executive Vice President, Corporate Development, North America Life, where he led the development and advancement of strategy for PartnerRe’s US life reinsurance business. In... Read more of this article

Bermuda Stock Exchange Report: July 10 2019

Bermuda Stock Exchange Report: July 10 2019

July 10 saw 25,163 shares trade on the Bermuda Stock Exchange, valued at $78,311.60 BD. 20,000 shares were traded by LOM Financial Limited, closing even at $2.80 per share, while another 5,000 shares were traded by One Communications Ltd, closing down 7.0% at $3.30 per share. 163 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even... Read more of this article

New Sustainable Bermuda Brand Sun Shirt

New Sustainable Bermuda Brand Sun Shirt

Lir Bermuda has launched a new sustainable sun shirt/rash guard brand called Salt Kettle, saying “all our designs are inspired in Bermuda.” “Lir Bermuda has been focusing in sailing gear for the last 2 years but have since expanded and created a new Bermuda label called Salt Kettle to supply teams, companies, clubs, children and adults... Read more of this article

Bermuda Stock Exchange Report: July 9 2019

Bermuda Stock Exchange Report: July 9 2019

July 9 saw 436 shares trade on the Bermuda Stock Exchange, valued at $14,475.20 BD. 436 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.4% at $33.20 share. The BSX finished at 2,141.10, down 1.65% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article