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Column: Small Business Opportunities For AC

Column: Small Business Opportunities For AC

[Written by BEDC Chairman Nick Kempe] There is still the impression in the community that large amounts of financing will be needed to cash in on the numerous AC35 business opportunities. Far too many are operating under the belief that expensive equipment or guaranteed contracts are required to get in the game.However, there are a great number of... Read more of this article

Hamilton Re Hosts Students During Open House

Hamilton Re Hosts Students During Open House

‘Open Hamilton Re’ — a contest designed to raise the interest of Bermuda high school students in a career in the insurance and reinsurance industry — has been hailed as a success by Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group. Nineteen S3 and S4 level students representing the Island’s public and private... Read more of this article

BEDC Offering Loans To Help Meet AC Demand

BEDC Offering Loans To Help Meet AC Demand

The Bermuda Economic Development Corporation [BEDC] has allocated $300,000 in funds for small, short-term loans – $2,000 to $20,000 – to facilitate local business opportunities developing or expanding as a result of the America’s Cup being held in Bermuda between May and June 2017. The “BEDC Local Biz Opps Micro Loan Product”... Read more of this article

Greenrock Welcomes Energy Efficient Cargo Ship

Greenrock Welcomes Energy Efficient Cargo Ship

Greenrock said they “welcome the decision by shipping firm BCL to invest in a more fuel-efficient cargo ship to replace the Oleander vessel,” adding that they “encourage them in working towards a green shipping focus.” Earlier this month the Bermuda Container Line [BCL] confirmed they signed a contract to have a new, custom,... Read more of this article

Allied Shareholders Approved Two Proposals

Allied Shareholders Approved Two Proposals

Allied World Assurance Company Holdings, AG shareholders have approved both of the proposals that were voted on at the company’s special shareholder meeting held in connection with the previously announced merger transaction with Fairfax Financial Holdings Limited. The approved matters include: [i] amending the company’s Articles of Association... Read more of this article

Bermuda Stock Exchange Report: March 22 2017

Bermuda Stock Exchange Report: March 22 2017

March 22 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,918.62, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related StoriesGuide For Investors In Bermuda Stock Market BSX Launches Investor Education Programme ’2016 Was... Read more of this article

Bermuda First Investment’s Financial Results

Bermuda First Investment’s Financial Results

In a filing with the Bermuda Stock Exchange [BSX], Bermuda First Investment Company Limited today [March 22] announced their financial results for the six months ended December 31, 2016. The filing stated: Bermuda First Investment Company Limited, a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed... Read more of this article

BSX Wins Most Outstanding Offshore Exchange

BSX Wins Most Outstanding Offshore Exchange

The Bermuda Stock Exchange [BSX] has been awarded Acquisition International’s [AI] Excellence Award, 2016 for Most Outstanding Offshore Stock Exchange. The award alongside others has been recognized in AI Magazine’s 2016 Global Excellence Awards supplement published earlier last month in London. The supplement features a two-page article on the... Read more of this article

‘Succeeding Professionally, Growing Personally’

‘Succeeding Professionally, Growing Personally’

Administrative professionals often work quietly behind-the-scenes to ensure their company is running as smoothly and efficiently as possible, but next month they’ll have a chance to shine on a public platform. Administrative Excellence Bermuda, an organization that seeks to bring together industry professionals from across the island to help them... Read more of this article

RA Seek Feedback On Solar Net Metering

RA Seek Feedback On Solar Net Metering

The Regulatory Authority said they recently intervened in the electricity market with regard to solar net metering, via the issuance of an Emergency General Determination in relation to BELCO. “As part of this process, the Authority is now consulting on solar net metering and invites comments and input from the public and all interested parties,”... Read more of this article

R&Q Completes Acquisition Of Linco Limited

R&Q Completes Acquisition Of Linco Limited

Randall & Quilter American Holdings Inc. [R&Q] announced the signing of the sale and purchase agreement to acquire Linco Limited; a wholly owned captive insurer of Ameripride Services Inc. and Alsco Inc. The transaction is subject to regulatory approvals, anticipated within 30 days. The Company is domiciled in Bermuda and provided reinsurance... Read more of this article

Bermuda Stock Exchange Report: March 21 2017

Bermuda Stock Exchange Report: March 21 2017

March 21 saw 7,813 shares trade on the Bermuda Stock Exchange, valued at $42,757.50 BD. 6,185 shares were traded by One Communications Ltd, closing even at $2.60 per share, while another 1,000 shares were traded by Watlington Waterworks Ltd, closing even at $20.50 per share. 500 shares were traded by Argus Group Holdings Ltd, closing down 8.5% at $4.30... Read more of this article

Dockyard Is Open ‘As Normal’ For America’s Cup

Dockyard Is Open ‘As Normal’ For America’s Cup

The Royal Naval Dockyard will be open for business as normal for locals and visitors during the America’s Cup. Andrew Dias, the West End Development Corporation’s General Manager said there had been some queries from overseas visitors asking if Dockyard would be operating as usual. “It is worth reminding everyone that the America’s Cup event... Read more of this article