Hashtag: #BermudaBusiness

Startup Weekend To Help Form New Businesses

Startup Weekend To Help Form New Businesses

Bermuda’s fourth Startup Weekend is taking place on February 24th – 26th at the Bermuda High School in Hamilton, and over the course of the weekend, teams will take innovative business ideas from concept to launch. “Startup Weekend is a globally recognized, non-profit, community-building event that is open to entrepreneurs of different backgrounds,”... Read more of this article

Bermuda Stock Exchange Report: Feb 22 2017

Bermuda Stock Exchange Report: Feb 22 2017

February 22 saw 54,776 shares trade on the Bermuda Stock Exchange, valued at $260,712.00 BD. 52,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.55 per share, while another 2,000 shares were traded by One Communications Ltd, closing even at $2.50 per share. 500 shares were traded by BF&M Ltd, closing at an even $20.50 per share,... Read more of this article

XL Group: Porrino To Retire, Robb Appointed

XL Group: Porrino To Retire, Robb Appointed

XL Group Ltd announced that Group Controller Stephen Robb will succeed Peter Porrino as Chief Financial Officer, following Mr. Porrino’s retirement, effective May 1, 2017. Mr. Porrino will continue with the Company on a part-time basis, working as an advisor to Chief Executive Officer Mike McGavick. Since joining the Company in 2004, Mr. Robb has... Read more of this article

BeesMont Corporate Appoint Rovonne Sampson

BeesMont Corporate Appoint Rovonne Sampson

BeesMont Corporate Services has appointed Rovonne D. Sampson as its new Deputy Manager. “Rovonne has more than 16 years’ experience in the corporate services industry, including a number of years spent at one of Bermuda’s top law firms,” the company said. “She specialises in the administration of local and exempt companies, mutual... Read more of this article

PartnerRe Reports Q4 & Full Year 2016 Results

PartnerRe Reports Q4 & Full Year 2016 Results

Bermuda-based PartnerRe Ltd. reported a net loss attributable to PartnerRe common shareholders of $191 million for the fourth quarter of 2016 compared to a net income for the fourth quarter of 2015 of $162 million. Operating earnings was $125 million for the fourth quarter of 2016, compared to operating earnings of $184 million for the fourth quarter... Read more of this article

Argo Group Declares $0.27 Quarterly Dividend

Argo Group Declares $0.27 Quarterly Dividend

Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has declared a quarterly cash dividend of $0.27 per share on the company’s common stock, an increase of $0.05 per share, or 22.7%, to the amount declared in previous quarters. The dividend will be paid on March 15,... Read more of this article

Somers Limited Announces Financial Results

Somers Limited Announces Financial Results

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced its results for the quarter ended December 31, 2016. The filing stated: Somers Limited, a financial services investment holding company, is pleased to announce its results for the quarter ended December 31, 2016. Overview of the... Read more of this article

Bermuda Stock Exchange Report: Feb 21 2017

Bermuda Stock Exchange Report: Feb 21 2017

February 21 saw 52,000 shares trade on the Bermuda Stock Exchange, valued at $241,960.00 BD. 50,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.55 per share, while another 2,000 shares were traded by Ascendant Group Limited, closing even at $7.15 per share. The BSX finished at 1,983.08, even on the day. There were 0 advances,... Read more of this article

WiRe To Host Salary Negotiation Info Session

WiRe To Host Salary Negotiation Info Session

Women in Reinsurance [WiRe] will host a salary negotiation seminar later this month to help industry professionals learn strategies and techniques to assist them in negotiating their compensation packages. The lunch time presentation will be led by Sylvia Jones, Director of Elevate Executive Selection, a local executive search and recruitment company. “The... Read more of this article

Butterfield Bank To Launch Secondary Offering

Butterfield Bank To Launch Secondary Offering

The Bank of Butterfield today announced that certain of its shareholders, including affiliates of The Carlyle Group, intend to offer 9,555,794 shares of Butterfield’s voting ordinary shares, par value $0.01 per share, in an underwritten public offering. “In addition, the Selling Shareholders intend to grant the underwriters a 30-day option... Read more of this article

BTA: Curate Special Offers For Visiting Athletes

BTA: Curate Special Offers For Visiting Athletes

The Bermuda Tourism Authority [BTA] is calling on tourism industry stakeholders to curate special offers that cater to young travellers visiting the island for sports training, particularly in the shoulder season. At a presentation to Hamilton Rotarians, the BTA’s Chief Product and Experiences Development Officer Pat Phillip-Fairn explained how the... Read more of this article

Jon Faulkner Renovating Gallery In Dockyard

Jon Faulkner Renovating Gallery In Dockyard

For Jon Faulkner opening his new gallery is like going back to the future and starting all over again. Mr Faulkner is busy refurbishing his new space Jon Faulkner Gallery, at Dockyard, in time for the summer season and the America’s Cup. The gallery used to be called Bermuda Clayworks, which Mr Faulkner founded 20 years ago and which he left a decade... Read more of this article

Caroline Bay Development Still “On Schedule”

Caroline Bay Development Still “On Schedule”

The team at Caroline Bay Marina at Morgan’s Point said that development of the new marina remains on schedule, and provided some updates on the work being done at the site. A spokesperson said, “The marina development team is working to provide a pleasant atmosphere at the marina and surrounding area. To achieve this, a beautification plan... Read more of this article