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Hurricane Damage Repair Work In Dockyard

Hurricane Damage Repair Work In Dockyard

Work has started to repair damage sustained in Hurricane Humberto to the roof of the Great Northern Storehouse, which makes up a portion of the Clocktower Mall in the Royal Naval Dockyard. “The roof requires a complete replacement and the project is expected to be completed at the end of March,” a WEDCO spokesperson said. “The public... Read more of this article

Relay For Life To Kick Off On February 4

Relay For Life To Kick Off On February 4

Liberty Specialty Markets Bermuda – presenting sponsor of the Relay For Life of Bermuda for the seventh consecutive year – is inviting the public take part in the Parish Luminaria Challenge and learn more about the event at the February 4th kick off. Steve Horton, President of Liberty Specialty Markets Bermuda, said, “Relay for Life of... Read more of this article

Bermuda Stock Exchange Report: Jan 16 2020

Bermuda Stock Exchange Report: Jan 16 2020

January 16 saw 5,004 shares trade on the Bermuda Stock Exchange, valued at $15,012.76 BD. 5,004 shares were traded by Argus Group Holdings Ltd, closing down 3.8% at $3.00 per share. The BSX finished at 2,350.92, down 0.10% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Heritage Picnic Launches Restaurant Weeks

Heritage Picnic Launches Restaurant Weeks

A picnic combining Bermuda’s creative talent and centuries-old island history has officially launched Restaurant Weeks 2020. Under sunny skies, 60 attendees enjoyed the outdoor fragrance and food-pairing lunch staged by the Bermuda Tourism Authority [BTA] in the rose garden of 300-year-old Waterville, the Bermuda National Trust Headquarters in Paget. The... Read more of this article

Chubb Welcome Phase 1 Of US/China Agreement

Chubb Welcome Phase 1 Of US/China Agreement

Chubb said they “welcome and supports the successful completion of the Phase One trade agreement between the United States and China. ” “We congratulate the governments of both nations for achieving this important confidence-building step. We urge the U.S. and China to expeditiously move to the important Phase Two negotiations, taking... Read more of this article

Chamber Lunch & Learn On ‘Profitable Mindsets’

Chamber Lunch & Learn On ‘Profitable Mindsets’

The Bermuda Chamber of Commerce will be hosting a Lunch and Learn on “strategies to help you be more profitable in your business.” Open to members and non members, the session will be held at their offices on Wednesday, January 22nd from 12:30pm-2:00pm. “Presented by Joyce Chesley Hayward CPA, owner of Fusion4Business, and founder... Read more of this article

“World’s First Captive To Insure Crypto Custody”

“World’s First Captive To Insure Crypto Custody”

Premier David Burt announced that Gemini Trust Company, LLC — a cryptocurrency exchange and custodian — has launched Nakamoto, Ltd. a captive insurance company licensed by the Bermuda Monetary Authority [BMA] to insure Gemini Custody. “Nakamoto — the world’s first captive to insure crypto custody — allows Gemini Custody to increase... Read more of this article

Somers Share Repurchases For December

Somers Share Repurchases For December

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited, announced their recent share repurchases. The filing stated: “Somers Limited [Somers], a financial services investment holding company, announces that during the month of December 2019, Somers purchased 238 of its own common shares at an average cost of $15.00 per share. The Shares... Read more of this article

Bermuda Stock Exchange Report: Jan 15 2020

Bermuda Stock Exchange Report: Jan 15 2020

January 15 saw 2,700 shares trade on the Bermuda Stock Exchange, valued at $7,425.00 BD. 2,700 shares were traded by LOM Financial Limited, closing down 0.7% at $2.75 per share. The BSX finished at 2,353.32, down 0.01% on the day. There were 0 advances, 1 decline, and 54 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Chubb Announces Catastrophe Loss Estimates

Chubb Announces Catastrophe Loss Estimates

Chubb announced net catastrophe loss estimates for the fourth quarter of 2019 of $430 million pre-tax, or $353 million after tax. “The losses are primarily attributable to severe weather-related events around the globe including tornadoes in Texas, wildfires in California, and Typhoon Hagibis in Japan, as well as civil unrest in Hong Kong and... Read more of this article

Job Losses Due To ‘Restructuring’ At BF&M

Job Losses Due To ‘Restructuring’ At BF&M

Noting that they are “focused on operational efficiency and client service” and “staff according to the changing needs of the business,” BF&M has confirmed that seven positions were “involved in the restructuring” with two of the people affected offered new roles. The company confirmed that “there were seven... Read more of this article

Rental Property Owners Urged To Attend Meeting

Rental Property Owners Urged To Attend Meeting

The Bermuda Rental Association of Vacation Home Owners [BRAVO] is urging all vacation rental property owners and managers to attend a meeting tomorrow [Jan 16] at 6.00pm at Ignite Bermuda on Wesley Street in Hamilton. A spokesperson said, “All vacation rental property owners and managers are invited to attend a meeting to learn about the new vacation... Read more of this article

Ed Appoints Kelley As Liability Division Head

Ed Appoints Kelley As Liability Division Head

Ed, the global reinsurance, wholesale and specialty broker, announced the appointment of Colin Kelley as Head of Ed’s new Liability Division in Bermuda. Effective immediately, Mr Kelley will lead the professional lines, casualty and healthcare teams. Mr Kelley brings more than 16 years of both underwriting and broking experience to the business. He... Read more of this article