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BMA Release Paper On Supervisory Approach

BMA Release Paper On Supervisory Approach

The Bermuda Monetary Authority [BMA] has published an occasional paper sharing its experience in developing a framework for identifying, assessing and understanding money laundering [ML] and terrorism financing [TF] risks within Bermuda’s insurance sector. A summary of this paper will also be featured in the forthcoming Financial Action Task Force... Read more of this article

Bermuda Stock Exchange Report: Sept 20 2018

Bermuda Stock Exchange Report: Sept 20 2018

September 20 saw 6,600 shares trade on the Bermuda Stock Exchange, valued at $160,650.00 BD. 5,100 shares were traded by Ascendant Group Limited, closing up 0.3% at $16.50 per share, while another 1,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $51.00 per share. The BSX finished at 2,866.69, up 1.61% on the day. There... Read more of this article

BEDC Accepting Business Award Nominations

BEDC Accepting Business Award Nominations

The Bermuda Economic Development Corporation [BEDC] today [Sept 20] announced it will now be accepting nominations for its 2nd Annual Small Business Awards, an event held in conjunction with Global Entrepreneurship Week in November. A spokesperson said, “Members of the community are encouraged to cast their vote with their suggestions for the... Read more of this article

BELCO Grid Code Consultation Ends Monday

BELCO Grid Code Consultation Ends Monday

On Tuesday, September 18th members of the Bermuda Electric Light Company’s [BELCO] Grid Operations Team met with stakeholders as part of the consultation process relating to its proposed Grid Code. A spokesperson said, “BELCO has invited interested industry stakeholders and members of the public to review and consider the draft Grid Code and... Read more of this article

Lili Bermuda Celebrates 90th Anniversary

Lili Bermuda Celebrates 90th Anniversary

Isabelle Ramsay-Brackstone, Master Perfumer for The Lili Bermuda Perfumery in St. George, is getting set to celebrate the 90th anniversary of her business at Stewart Hall. Ms. Ramsay-Brackstone said, “Fifteen years ago, I started this great journey of telling the story of Bermuda in creating beautiful perfumes. Our iconic fragrances are a true reflection... Read more of this article

Fairmont Offers “Bermuda Triangle” Package

Fairmont Offers “Bermuda Triangle” Package

Fairmont Southampton, in partnership with The Bermuda Underwater Exploration Institute, is “inviting the world to discover the myths and mysteries of the Bermuda Triangle.” A spokesperson said, “Fairmont Southampton’s Bermuda Triangle Package is inspired by the historic myths of the Bermuda Triangle. This discovery package invites... Read more of this article

Bermuda Stock Exchange Report: Sept 19 2018

Bermuda Stock Exchange Report: Sept 19 2018

September 19 saw 135,460 shares trade on the Bermuda Stock Exchange, valued at $1,175,329.00 BD. 112,860 shares were traded by Argus Group Holdings Ltd, closing down 8.4% at $3.40 per share, while another 12,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.0% at $50.00 per share. 10,100 shares were traded by Ascendant Group Limited,... Read more of this article

Airport Named “Most Improved” By ASQ

Airport Named “Most Improved” By ASQ

Bermuda’s LF Wade International Airport has been named the most improved airport in the category of under two million passengers by the Airport Service Quality [ASQ] programme for the second quarter of 2018, Skyport announced. “Out of 65 airports surveyed, the airport’s ranking increased from 55th in quarter one to sixth in quarter two, making... Read more of this article

Survey: ABIR Members Contribute Over $840M

Survey: ABIR Members Contribute Over $840M

Members of the Association of Bermuda Insurers & Reinsurers [ABIR] made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results released today [Sept 19]. “Data reported for calendar year 2017 from 23 ABIR members showed ABIR’s aggregate direct economic impact... Read more of this article

Photos: Bacardi Event For New Aged Rums

Photos: Bacardi Event For New Aged Rums

People were last night given an insight into how Bacardi makes its rums at a special tasting session for two of its latest products. Bacardi Regional Trade Ambassador, Carlos Garcia Bacardi, who flew in from Puerto Rico, explained the process behind making the Bacardí Añejo Cuatro and Bacardí Gran Reserva Diez, which have just arrived on-Island. The... Read more of this article

12 Ascendant Staff Receive ILM Certification

12 Ascendant Staff Receive ILM Certification

Twelve members of the Ascendant Group Limited team have attained the Institute of Leadership & Management [ILM] Level 5 Certificate in Leadership and Management. “ILM is an independent charity that forms part of the City & Guilds Group. It is the UK’s largest management body and it aims to improve the standards of leadership and management... Read more of this article

Ocean Rock Wellness Student Workshops

Ocean Rock Wellness Student Workshops

Ocean Rock Wellness has announced that their 3rd annual Student Wellness Workshops are starting this month, running from Wednesday, September 26th to Thursday, October 4th, 2018. A spokesperson said, “The holistic healthcare team at Ocean Rock Wellness is excited to announce that their 3rd annual Student Wellness Workshops are starting this month,... Read more of this article

BILTIR Appoint Ronald Klein As Senior Advisor

BILTIR Appoint Ronald Klein As Senior Advisor

The Bermuda International Long Term Insurers and Reinsurers [BILTIR] Board of Directors announced the appointment of Ronnie Klein as Senior Advisor to BILTIR. Klein has over 30 years’ experience in the global life insurance industry and brings a wealth of knowledge to BILTIR. He currently serves as the Secretariat for the Global Reinsurance Forum... Read more of this article