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Student Networking Event On December 20th

Student Networking Event On December 20th

The Bermuda Hospitality Institute and Fairmont Southampton have joined forces to host a networking event for local students interested in pursuing a career in the hospitality industry. The 2017 Student Networking Event, taking place next Wednesday, December 20th in Fairmont Southampton’s Gardenia Rooms from 4pm until 7pm, providing S4 and College... Read more of this article

Butterfield Adjust Rates Following Fed Increase

Butterfield Adjust Rates Following Fed Increase

The Bank of Butterfield announced that, in step with yesterday’s 25 basis point increase in the US Federal Funds Rate, the Bank is adjusting its interest rates on loans and fixed-term deposits. Deposit Rates The Bank said, “To provide customers with the opportunity  to earn higher returns on Bermuda dollar and US dollar deposits, rates paid... Read more of this article

TMR Spreads Holiday Cheer At Lefroy House

TMR Spreads Holiday Cheer At Lefroy House

For the past five years, Tokio Millennium Re [TMR] has been spreading holiday cheer to the residents of Lefroy House. It all started when TMR supported the Centre on Philanthropy’s Holiday Cheer appeal and picked Lefroy House back in 2013. Back then the residents were asked for their wish list and members of the TMR Donations Committee went out and... Read more of this article

Board Changes At Third Point Reinsurance

Board Changes At Third Point Reinsurance

Bermuda-based Third Point Reinsurance Ltd. announced that Mr. Christopher L. Collins will be stepping down from the Board of Directors effective December 12, 2017. Mr. Collins is a Managing Director at Kelso & Company, a founding private equity investor of Third Point Re. The Company also announced that Mr. Neil McConachie has been appointed... Read more of this article

Bermuda Stock Exchange Report: Dec 13 2017

Bermuda Stock Exchange Report: Dec 13 2017

December 13 saw 13,300 shares trade on the Bermuda Stock Exchange, valued at $ 43,268.00 BD. 13,200 shares were traded by One Communications Ltd, closing even at $2.99 per share, while another 100 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $38.00 per share. The BSX finished at 2,222.31, even on the day. There were 0 advances,... Read more of this article

BDA Appoint Shelby Weldon & Paul Scope

BDA Appoint Shelby Weldon & Paul Scope

Insurance industry veteran Shelby Weldon has been appointed a director of the Bermuda Business Development Agency [BDA]. And Paul Scope, Chairman of Willis Towers Watson Bermuda [WTW], has been elected as the BDA’s new Chair. Their appointments were among several changes announced by the 11-member BDA Board following its AGM. Board member Scope succeeds... Read more of this article

Clarien Announces Increase In Deposit Rates

Clarien Announces Increase In Deposit Rates

Clarien Bank announced today [Dec 13] that it will be increasing its deposit/savings rates and adjusting its BMD$ base lending rate accordingly, having anticipated the US Federal Reserve rate change. Further details and an effective date will be declared in January 2018. In addition to increasing published board rates, the Bank will also be introducing... Read more of this article

Marsh And Guy Carpenter Donate To TEDS

Marsh And Guy Carpenter Donate To TEDS

Marsh and Guy Carpenter announced today its participation in The Eliza DoLittle Society’s [TEDS] annual Making Hunger History initiative. Marsh and Guy Carpenter are wholly owned subsidiaries of Marsh & McLennan Companies [MMC], a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human... Read more of this article

STEP Honour For Director Randall Krebs

STEP Honour For Director Randall Krebs

Randall Krebs, Development Director of Harbour International Trust Company Limited, has been awarded a 2017 STEP Founder’s Award by the Society of Trust and Estate Practitioners [STEP]. The Founder’s Awards are given to members who have made “an exceptional and outstanding long-term contribution to the Society above and beyond that normally expected... Read more of this article

Somers Ltd November 2017 Share Repurchases

Somers Ltd November 2017 Share Repurchases

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced that during the month of November 2017, Somers purchased 3,000 of its own common shares at an average cost of $14.40 per share. The Shares will be cancelled with immediate effect. Somers Limited is a listed financial services... Read more of this article

Bermuda Stock Exchange Report: Dec 12 2017

Bermuda Stock Exchange Report: Dec 12 2017

December 12 saw 3,100 shares trade on the Bermuda Stock Exchange, valued at $ 37,810.00 BD. 2,000 shares were traded by Ascendant Group Limited, closing up 0.5% at $9.55 per share, while another 1,100 shares were traded by BF&M Ltd, closing down 0.1% at $17.00 per share. The BSX finished at 2,222.31, up 0.02% on the day. There was 1 advance,... Read more of this article

Hamilton Princess Calendar Of Festive Events

Hamilton Princess Calendar Of Festive Events

Hamilton Princess & Beach Club today unveiled their slate of festive events for the upcoming holiday season. “On Christmas Day, brunch will be offered from 12pm until 3pm at both Marcus’ and Crown & Anchor for $65 for food only or $95 including selected alcoholic beverages, plus gratuities,” a spokesperson said. “A three-course... Read more of this article

Chamber To Host Session On U.S. Tax Reform

Chamber To Host Session On U.S. Tax Reform

The Bermuda Chamber of Commerce has partnered with KPMG to host a breakfast update session on the impending U.S. Tax Reform. “With the U.S. Senate’s approval of tax reform legislation on 2 December 2017, another significant step has been taken towards the passage of comprehensive tax reform legislation in the U.S,” the Chamber said. “The... Read more of this article