Hashtag: #BermudaBusiness

Photos: Construction Underway At ‘Point House’

Photos: Construction Underway At ‘Point House’

Construction is underway at the former HSBC Building on Front Street in Hamilton, which was recently bought by the Green Family who plan to renovate it and rename it Point House. The Green Family — who also own the Hamilton Princess — said the plan is to make the building “more visually attractive,” with the ground floor to provide retail and... Read more of this article

AM Best Affirms Credit Ratings Of Third Point Re

AM Best Affirms Credit Ratings Of Third Point Re

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” of Third Point Reinsurance Company Ltd. [Bermuda] and Third Point Reinsurance [USA] Ltd. AM Best also has revised the outlooks to negative from stable and affirmed the... Read more of this article

BILTIR Supports CedarBridge Students With Math

BILTIR Supports CedarBridge Students With Math

Members of the Bermuda International Long Term Insurers and Reinsurers [BILTIR] are once again helping CedarBridge Academy students prepare for success in their year-end mathematics examinations. Now in its fourth year, BILTIR’s Math Tutorial Program matches high-school students with life and annuity insurance professionals to provide mathematics... Read more of this article

Shipping Schedule: Week Starting May 18

Shipping Schedule: Week Starting May 18

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 18th.On Saturday the RFA Mount Bay, the Gaschem Beluga LPG tanker are expected, on Sunday the Adventure of the Seas, the RCGS Resoulte and the Norwegian Gem cruise ships, and the Oleander container ship will arrive,... Read more of this article

Bermuda Stock Exchange Report: May 17 2019

Bermuda Stock Exchange Report: May 17 2019

May 17 saw 11,000 shares trade on the Bermuda Stock Exchange, valued at $33,660.00 BD. 11,000 shares were traded by Argus Group Holdings Ltd, closing down 1.6% at $3.06 per share. The BSX finished at 2,308.37, down 0.04% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article

ABIR Applauds Bermuda’s Removal From EU List

ABIR Applauds Bermuda’s Removal From EU List

Bermuda’s leading international insurers and reinsurers, through the Association of Bermuda Insurers and Reinsurers [ABIR], applaud the Bermuda government’s successful efforts in achieving removal of Bermuda from the EU List of Non-Cooperative Jurisdictions, fully demonstrating the island’s commitment to facilitate tax transparency and compliance... Read more of this article

Bermuda Industry Groups Applaud EU Decision

Bermuda Industry Groups Applaud EU Decision

Bermuda’s global industry groups have welcomed today’s [May 17] decision by the Economic & Financial Affairs Council [ECOFIN] in Brussels to remove Bermuda from a list of non-cooperative tax jurisdictions after all sectors worked collaboratively with Bermuda’s government and regulator to ensure a successful result. “We applaud today’s... Read more of this article

Bermuda Removed From EU Tax Blacklist

Bermuda Removed From EU Tax Blacklist

[Updated] Bermuda has been removed from the ‘EU list of non-cooperative tax jurisdictions,’ the Council of the European Union has officially confirmed today [May 17]. The statement said, “The Council today decided to remove Aruba, Barbados and Bermuda from the EU list of non-cooperative tax jurisdictions. “The EU list is contributing... Read more of this article

Everest Re Group Declares $1.40 Dividend

Everest Re Group Declares $1.40 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before June 12, 2019 to all shareholders of record as of May 29, 2019. Related StoriesEverest Re Increases Quarterly Dividend By 8% Everest Re Group Net Reserve Adjustments Addesso: “Exceptional Quarter”... Read more of this article

PartnerRe Launch Wearables Pilot With Dacadoo

PartnerRe Launch Wearables Pilot With Dacadoo

PartnerRe announced the launch of its wearables pilot together with dacadoo, a pioneer in the digital health space. “The pilot will enable PartnerRe to gather real-time health and wellness data and first-hand experience in order to provide its life and health clients worldwide with actionable insights into leveraging wearables to more accurately... Read more of this article

Bermuda Stock Exchange Report: May 16 2019

Bermuda Stock Exchange Report: May 16 2019

May 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,309.37, even on the day. There were 0 advances, 0 declines, and 56 remained unchanged. The full report for the day is available here [PDF]. Related StoriesBSX’s Comprehensive Annual Fee Option BSX New Listing Sponsor: Alexander Securities BSX Is Now Highfield... Read more of this article

BMA ‘Day Of Giving’ With Tomorrow’s Voices

BMA ‘Day Of Giving’ With Tomorrow’s Voices

In show of support for children and families throughout the community, the Bermuda Monetary Authority recently partnered with Tomorrow’s Voices, Bermuda Registered Charity # 816, to help raise funds in support of their programmes and services offered to children and young adults on the autism spectrum. On Friday, 26 April, BMA staff wore their wacky... Read more of this article

Finance Minister On Deposit Insurance Scheme

Finance Minister On Deposit Insurance Scheme

Minister of Finance Curtis Dickinson provided an overview of the implementation of a Deposit Insurance Scheme in Bermuda and the establishment of the Bermuda Deposit Insurance Corporation, which is responsible for managing the Scheme. Minister Dickinson said, “Deposit insurance is a guarantee to eligible depositors in a local financial institution... Read more of this article