Tag: Bermuda business
XL Announces Plans For Global Day Of Giving
XL Group plc plans to hold its eighth Global Day of Giving on Thursday[May 23]. The company-wide employee volunteer day is dedicated to supporting the communities in which XL operates. Since inception in 2006, when XL celebrated its 20th anniversary, the Global Day of Giving has grown with XL employees donating more than 130,000 hours of community service... Read more of this article
Argus: Investors In People Gold Accreditation
Investors in People Bermuda announced the awarding of Investors in People Gold Level Accreditation to the Argus Group for its ongoing investment into the development of its people and overall company performance. From left: Alison Hill, Chief Executive Officer, the Argus Group; Minister of Health Patricia Gordon-Pamplin; Wanda Richardson, Vice President... Read more of this article
KPMG Forum On Implications Of US Legislation
Over 250 local industry professionals were told “now is the time to take action in preparation for FATCA”, during KPMG’s 2nd FATCA forum, held Monday [May 20] at the Fairmont Hamilton Princess. Building on the topics raised during the 2012 FATCA forum, the interactive session again asked the question “Are you ready for FATCA?” and delivered... Read more of this article
Willis Report On Booming Cat Bond Market
The catastrophe bond market is expected to enjoy a record year in 2013 with Bermuda benefitting from the international surge of interest in the sector according to Willis Capital Markets & Advisory’s latest “Insurance Linked Securities” [ILS] report. The year is “is roaring forward with a flurry of cat bond, sidecar, and... Read more of this article
RenaissanceRe Shares Get Debt Rating
A.M. Best Co. has assigned a debt rating of “bbb” to the $275 million 5.375 per cent Series E non-cumulative redeemable preferred shares of RenaissanceRe Holdings Ltd. The assigned outlook is stable. The proceeds from the issuance are expected to be used by RenaissanceRe to repurchase the outstanding Series D preferred securities and a portion of... Read more of this article
PM To Territories: “Get Your House In Order”
British Prime Minister David Cameron has urged British overseas territories — including Bermuda to “get their house in order” — and sign up to international treaties on tax. He wrote to 10 territories and crown dependencies, including the British Virgin Islands, Cayman Islands and the Isle of Man, which operate low-tax regimes. Critics... Read more of this article
BAS Appoints Skinner As Group Project Manager
Bermuda Aviation Services Ltd. [BAS] today [May 21] announced the appointment of George Skinner to the position of Group Project Manager, effective May 20, 2013. “As Group Project Manager, George will be responsible for coordinating the efforts of BAS’s subsidiaries in the provision of multi-disciplined solutions for commercial clients”,... Read more of this article
GP Investments Buys Stake In APEN Ltd.
Headquartered in Bermuda, GP Investments Ltd. — a leading alternative investment firm in Latin America — on Tuesday [May 21] announced the investment of approximately $33 million to acquire approximately 26.7 percent of Swiss-based investment company APEN Ltd. as part of a strategy to increase and diversify its assets under management. APEN... Read more of this article
BMA Announce Management Team Realignment
The Bermuda Monetary Authority today [May 20] announced structural changes within its senior management team as part of a drive to achieve greater supervisory effectiveness. The changes, which impact four of the Authority’s departments, are designed to concentrate leadership expertise in core supervisory disciplines, with the aim of improving cost... Read more of this article
Summer Employment Programme Is Underway
The Ministry of Home Affairs has announced that the 2013 Summer Employment Programme [SEP] got underway today [May 20] with more than 150 Bermudian college students working throughout Government, the private sector and the Island’s local non-profit and charitable organizations. Minister of Home Affairs, Sen. Michael Fahy met with roughly 20 of the... Read more of this article
