Hashtag: #BermudaBusiness

Zurich Bermuda Hosts Island-Wide Seniors Tea

Zurich Bermuda Hosts Island-Wide Seniors Tea

For a decade Zurich Bermuda has sponsored island-wide social tea events for Bermuda’s seniors. With financial support and staff volunteers, over 1,600 tasty meals have been served to seniors during Heritage Month. The director at Bermuda Senior Islanders’ Centre, Fredrick Hassell said, “Fifteen senior groups spread across the island that... Read more of this article

Andrew Mantilia To Speak At Chamber AGM

Andrew Mantilia To Speak At Chamber AGM

The Bermuda Chamber of Commerce announced this year’s Annual General Meeting Luncheon keynote speaker, Mr. Andrew Mantilia, Global Geopolitics Lead, for KPMG. “Andrew is responsible for leading KPMG’s efforts globally to help companies and governments understand the implications of geopolitics on their business,” the Chamber said. “He... Read more of this article

BMSG To Expand Medical Facilities In Hamilton

BMSG To Expand Medical Facilities In Hamilton

Bermuda Medical Specialties Group [BMSG] announces its plans to expand in the City of Hamilton, saying they will “launch hospital care and urgent care in summer 2019,” which “will be in addition to the outpatient services and no appointment, walk-ins currently being offered.” “The changing landscape of healthcare and patients’... Read more of this article

Bermuda Stock Exchange Report: March 18 2019

Bermuda Stock Exchange Report: March 18 2019

March 18 saw 432 shares trade on the Bermuda Stock Exchange, valued at $15,438.00 BD. 382 shares were traded by Bank of N.T. Butterfield Ltd, closing up 10.4% at $38.75 per share, while another 50 shares were traded by Ascendant Group Limited, closing even at $20.00 per share. The BSX finished at 2,329.16, up 7.58% on the day. There were 2 advances,... Read more of this article

Blue Bison Launches Payroll Tax HR Solution

Blue Bison Launches Payroll Tax HR Solution

Blue Bison, the software division of Paragon GRC Bermuda, is officially launching their HRM/payroll software solution that has been modified to support the calculation and reporting of Bermuda’s progressive payroll tax regime. “Blue Bison is currently used to administer local offshore payroll and work permit processing by more than 7,000... Read more of this article

ABIR & Lloyd’s To Host “Lloyd’s Market Update’

ABIR & Lloyd’s To Host “Lloyd’s Market Update’

The Association of Bermuda Insurers & Reinsurers [ABIR] and Lloyd’s of London will be hosting a “Lloyd’s Market Briefing” today [March 18] in Bermuda. The milestone event will feature insights from Lloyd’s Chair Bruce Carnegie-Brown. He will be joined by Jon Hancock, Director of Performance Management of Lloyd’s. Comments will also be... Read more of this article

Kleinert To Spotlight Millennials At BDA Forum

Kleinert To Spotlight Millennials At BDA Forum

TED speaker, entrepreneur, and award-winning author Jared Kleinert will explore the nature and impact of high-achieving millennials during his lunchtime keynote at a Bermuda industry forum in New York Thursday. Kleinert, named USA Today’s “Most Connected Millennial,” a “Champion for Humanity” by the United Nations, and a delegate to President... Read more of this article

Sompo Introduces Professional Lines Capabilities

Sompo Introduces Professional Lines Capabilities

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s U.S. platform has introduced a Management Assurance Policy [MAP], which expanded its primary professional lines insurance offering for private companies. Through MAP, Sompo International offers... Read more of this article

Maiden Q4 & Full Year 2018 Financial Results

Maiden Q4 & Full Year 2018 Financial Results

Bermuda-based Maiden Holdings reported a fourth quarter 2018 net loss attributable to Maiden common shareholders of $269.2 million or $3.25 per diluted common share, compared to a net loss attributable to Maiden common shareholders of $133.6 million or $1.59 per diluted common share in the fourth quarter of 2017. The net loss attributable to Maiden... Read more of this article

75% Off During Bluck’s Final Day Sale Today

75% Off During Bluck’s Final Day Sale Today

The Bluck’s store — which is closing after 175 years in business — will be hosting their final sale today [March 16] with the store offering 75% off. The Front Street store will be open from noon to 6.00pm today. Related StoriesBermuda Stock Exchange Report: March 18 2019 Blue Bison Launches Payroll Tax HR Solution Kleinert To Spotlight... Read more of this article

Shipping Schedule: Week Starting March 16

Shipping Schedule: Week Starting March 16

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday March 16th.On Monday the Oleander III container ship is expected and on Tuesday the Somers Isles container ship will arrive. On Wednesday the Divina cruise ship and the Navigator Aurora LPG tanker are scheduled to arrive... Read more of this article

Ascendant’s Share Repurchases For March 14th

Ascendant’s Share Repurchases For March 14th

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 800 common shares at an average price of $20.00 on 14 March 2019. The Company advised the repurchased shares will be cancelled. Related StoriesAscendant’s Share Repurchases For March... Read more of this article

PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, PartnerRe will reinsure the longevity risk in respect of approximately 25,000 annuitants. Alan Ryder, CEO of PartnerRe North America Life commented: “PartnerRe... Read more of this article