RSSCategory: Business

Harbour Nights To Get Underway On April 17

Harbour Nights To Get Underway On April 17

The Bermuda Chamber of Commerce said that this year’s Harbour Nights is due to commence on Wednesday, 17 April 2019 and run through to Wednesday, 4 September, 2019. “Front Street will host Bermuda’s largest and longest running street festival, with offerings from local artisans, crafters, chefs, musicians and other entertainers, and... Read more of this article

Chamber’s Annual Budget Breakfast Is Sold Out

Chamber’s Annual Budget Breakfast Is Sold Out

The Bermuda Chamber of Commerce is set to host its Annual Budget Breakfast on Monday, 25 February 2019 at the Hamilton Princess and Beach Club, and the Chamber announced today that this year’s Budget Breakfast is officially sold out. Chamber’s Chief Executive Officer Kendaree Burgess noted: “We are so pleased with the support and interest this... Read more of this article

‘Young Professionals Retreat’ Event To Be Held

‘Young Professionals Retreat’ Event To Be Held

Generation Next will be hosting a ‘Young Professional’s Retreat’ this summer, aiming to “deliver the unique Bermuda experience and allow millennials from across the globe to network and connect.” Set to be held from Wednesday July 31st, 2019 to Sunday, August 4th 2019, the event is inviting people to “join the next generation of... Read more of this article

Sailing, Luxury: Three Destinations Collaborate

Sailing, Luxury: Three Destinations Collaborate

Three destinations are joining forces this summer to introduce discerning travellers to a new ‘Bermuda Triangle’ of sailing, luxury and lifestyle. The Bermuda Tourism Authority, NYC & Company and Discover Newport announced a joint destination marketing collaboration during a reception at the New York Yacht Club. Fred Dixon, President... Read more of this article

Essent Group Q4 Net Income: $128.5 Million

Essent Group Q4 Net Income: $128.5 Million

Bermuda-based Essent Group reported net income for the quarter ended December 31, 2018 of $128.5 million or $1.31 per diluted share, which includes a reduction of $9.9 million, or $.08 per diluted share, of the $11.1 million loss reserve established in the fourth quarter of 2017 for defaulted loans identified as related to Hurricanes Harvey and Irma.... Read more of this article

Aecon Magazine Features Airport Project

Aecon Magazine Features Airport Project

The winter 2019 issue of ‘One’ — a magazine published by the Aecon Group  — has featured the airport redevelopment project, saying “the project team has been very hard at work, staying on schedule and hitting key construction milestones.” The article said, “Thanks to the precise planning and behind-the-scenes work... Read more of this article

Shipping Schedule: Week Starting February 9

Shipping Schedule: Week Starting February 9

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday February 9th.On Monday the Oleander III container ship is expected, on Tuesday the Ventura cruise ship will arrive, and on Wednesday the Somers Isles general cargo ship is scheduled to arrive. On Thursday the Bermuda Islander... Read more of this article

Bermuda Stock Exchange Report: Feb 8 2019

Bermuda Stock Exchange Report: Feb 8 2019

February 8 saw 42,120 shares trade on the Bermuda Stock Exchange, valued at $751,622.75 BD. 31,000 shares were traded by Ascendant Group Limited, closing up 4.1% at $19.25 per share, while another 6,000 shares were traded by Argus Group Holdings Ltd, closing down 0.3% at $3.77 per share. 3,425 shares were traded by Bank of N.T. Butterfield Ltd, closing... Read more of this article

Police Meet With Liquor Licenced Establishments

Police Meet With Liquor Licenced Establishments

The police held an “informational session” with Liquor Licensed Establishments yesterday, saying that “critical conversations were had around the obligations licensees had.” Police have recently started to exert their powers under the Liquor Licence Act to order premises to temporarily close down as a result of an altercation... Read more of this article

Ad Tech Startup TribeOS Launches FIRE

Ad Tech Startup TribeOS Launches FIRE

[Updated] Ad Tech Startup tribeOS announced that they have launched FIRE, which according to their website is a “Security Token Offering” which has been approved by Bermuda officials. The company’s website said, “tribeOS, a digital advertising marketplace that uses distributed ledger technology to provide a new level of transparency... Read more of this article

Age Concern: 84% Not In Favor Of Rental Tax

Age Concern: 84% Not In Favor Of Rental Tax

Age Concern Bermuda thanked the “over 500 persons” who responded to their request for input over the idea of a rental tax, saying that “84% of respondents were not in favor of a rental tax and of those, 94% expressed that seniors should be exempted from a rental tax, should it be imposed.” The Government is considering taxing... Read more of this article

RenaissanceRe Declare $0.34 Quarterly Dividend

RenaissanceRe Declare $0.34 Quarterly Dividend

The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. voted to increase the Company’s quarterly dividend to $0.34 per common share, from $.33 per common share. “The Company has increased its dividend during each of the twenty-four years since its initial public offering. The dividend is payable on March 29, 2019, to shareholders... Read more of this article

Trudell To Join Board Of RenaissanceRe

Trudell To Join Board Of RenaissanceRe

RenaissanceRe Holdings announced that Cythnia Trudell, 65, has been nominated to serve as an independent director of the Company, and that Edward J. Zore, 73, will retire from the Board at the end of his term, each to occur in conjunction with the Company’s Annual General Meeting of Shareholders in May 2019. Ms. Trudell most recently served as Executive... Read more of this article