Hashtag: #BermudaBusiness

Gateway Systems Partner With Blockgeeks

Gateway Systems Partner With Blockgeeks

Gateway Systems Limited announced a “business partnership with a leading FinTech training company in North America.” A spokesperson said, “Blockgeeks is based in Toronto, Canada and is working with more than 100 global companies to provide training in critical Fintech areas such as Blockchain, Ethereum, Hyperledger, Smart Contracts, Cyber... Read more of this article

Bermuda Stock Exchange Report: Jan 21 2019

Bermuda Stock Exchange Report: Jan 21 2019

January 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,073.90, even on the day. There were 0 advances, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related StoriesBermuda Stock Exchange Report: Jan 18 2019 Bermuda Stock Exchange Report: Jan 17 2019 Bermuda Stock... Read more of this article

Raising Profile Of Life & Annuity Insurance Sector

Raising Profile Of Life & Annuity Insurance Sector

The Bermuda Business Development Agency [BDA] is partnering with the island’s fast-growing life and annuity re/insurance sector to promote a strong presence at the industry’s largest US conference this spring. For the first time, the BDA will team with Bermuda International Long Term Insurers & Reinsurers [BILTIR] to lead an industry delegation... Read more of this article

Blue Capital Expect $30M In Catastrophe Loss

Blue Capital Expect $30M In Catastrophe Loss

Bermuda-based Blue Capital Reinsurance Holdings Ltd. announced an update regarding fourth quarter results, which are expected to be impacted by catastrophe losses currently estimated at $30.0 million dollars in the aggregate, net of reinsurance and reinstatement premiums. “The increase from the loss estimate published on December 11, 2018 was... Read more of this article

Shipping Schedule: Week Starting January 19

Shipping Schedule: Week Starting January 19

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 19th.On Sunday the Marsgracht general cargo ship and the MT Asterion oil products tanker are expected and on Monday the Oleander III container ship will arrive. On Wednesday the Somers Isles container ship is... Read more of this article

Bermuda Stock Exchange Report: Jan 18 2019

Bermuda Stock Exchange Report: Jan 18 2019

January 18 saw 6,214 shares trade on the Bermuda Stock Exchange, valued at $61,921.50 BD. 3,300 shares were traded by One Communications Ltd, closing even at $3.00 per share, while another 2,514 shares were traded by Ascendant Group Limited, closing even at $16.75 per share. 200 shares were traded by BF&M Ltd, closing at an even $16.06 per share,... Read more of this article

Quarterly Bulletin Of Statistics Report Released

Quarterly Bulletin Of Statistics Report Released

Today, Minister for the Cabinet Office Walton Brown released the Second Quarter 2018 Quarterly Bulletin of Statistics from the Department of Statistics. Minister Brown said, “The quarterly bulletin report indicated some welcome economic signs. As an example, at the end of April 2018, there were 2,608 workers employed within the hotel industry. “The... Read more of this article

Column: New Reality Of Economic Substance

Column: New Reality Of Economic Substance

[Opinion column written by OBA MP Scott Pearman] Denial. Anger. Bargaining. Depression. Acceptance. These emotions, doctors tell us, are the five stages of grief. And the people working in Bermuda’s international business community – ‘Bermuda Inc’ – have experienced most of these emotions since the gunboat of EU Substance appeared on our horizon,... Read more of this article

Argo Expect Q4 Catastrophe Loss Of $32M

Argo Expect Q4 Catastrophe Loss Of $32M

Argo Group International Holdings announced a preliminary pre-tax catastrophe loss estimate for the three-month period ended December 31, 2018 of $32 million, primarily related to Hurricane Michael and the California Wildfires. “Additionally, the company’s fourth quarter 2018 results will be impacted by higher than expected current accident... Read more of this article

Maiden Holdings Sale Of European Automotive

Maiden Holdings Sale Of European Automotive

Bermuda-based Maiden Holdings announced “another step in its strategic review with the sale of AVS Automotive VersicherungsService GmbH [AVS] and related European subsidiaries to Allianz Partners [Allianz].” “Maiden’s proceeds from the sale include an undisclosed cash payment at closing and a three-year quota share reinsurance... Read more of this article

Bermuda Stock Exchange Report: Jan 17 2019

Bermuda Stock Exchange Report: Jan 17 2019

January 17 saw 10,100 shares trade on the Bermuda Stock Exchange, valued at $123,026.00 BD. 7,100 shares were traded by BF&M Ltd, closing even at $16.06per share, while another 3,000 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,051.41, even on the day. There were 0 advances, 0 declines, and... Read more of this article

Changes To Bermuda Monetary Authority Board

Changes To Bermuda Monetary Authority Board

The Bermuda Monetary Authority [BMA] announced changes to their Board, which includes a new Executive Chair and Deputy Chair. After nine years on the BMA Board, six as Chair, Gerald Simons has retired as Chair of the Board, and will be replaced by Jeremy Cox as Executive Chair for three years. Mr. Simons said, “Serving on the Board of the BMA has... Read more of this article

Premier Burt To Attend World Economic Forum

Premier Burt To Attend World Economic Forum

Premier David Burt will attend the World Economic Forum in Davos, Switzerland along with the BDA’s Andy Burrows and Fintech consultant Denis Pitcher, with the Premier saying they will use the “opportunity to advance this Government’s agenda for growth and economic diversification” and “promote Bermuda as a leading jurisdiction... Read more of this article