Hashtag: #BermudaBusiness

Photos: ‘Summerhill’ Home Offered At $2,995,000

Photos: ‘Summerhill’ Home Offered At $2,995,000

Rego Sotheby’s International Realty has launched the sale of ‘Summerhill,’ a luxury home in Point Shares, at a price of $2,995,000. A spokesperson said, “Summerhill is a sophisticated classic home featuring three bedrooms plus two newly renovated full bathrooms, two powder rooms and a contemporary newly built open plan gourmet kitchen.” Listing... Read more of this article

Photos: Bermuda Motors Unveils New Showroom

Photos: Bermuda Motors Unveils New Showroom

Bermuda Motors recently celebrated the grand opening of their new showroom on Church Street highlighting the many models of Toyota vehicles. Minister of Transport and Regulatory Affairs Walter Roban joined management for the ribbon cutting. Car shoppers can visit the renovated showroom and view models that include the “best-value compact you can... Read more of this article

Minister Brown: ‘This Will Not Be Tolerated’

Minister Brown: ‘This Will Not Be Tolerated’

[Updated] Circumstances surrounding the loss of three jobs at Ascendant Group have resulted in various allegations being made, and the Ministry of Home Affairs launching an investigation. Earlier this week, the Ascendant Group — which is the parent company of BELCO, Aircare, iFM, and iEPC – confirmed that three staff members were made redundant. The... Read more of this article

Bermuda Stock Exchange Report: Sept 13 2018

Bermuda Stock Exchange Report: Sept 13 2018

September 13 saw 8,376 shares trade on the Bermuda Stock Exchange, valued at $357,951.00 BD. 6,376 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $51.00 per share, while another 1,500 shares were traded by Somers Limited, closing down 1.5% at $16.25 per share. 500 shares were traded by BF&M Ltd, closing down 4.0% at $16.80... Read more of this article

Video: ‘Taking Off’ Highlights Investing In Youth

Video: ‘Taking Off’ Highlights Investing In Youth

Skyport has released the sixteenth episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this week’s video highlighting the investing in youth. Speaking in the sixteenth episode, Mikaela Pearman said, “As you know, Skyport is passionate about investing in our youth. “This... Read more of this article

‘Encouraging Diversity & Inclusion In Workplace’

‘Encouraging Diversity & Inclusion In Workplace’

Bermuda’s re/insurance community is again joining Lloyd’s of London and cities around the world to lead discussions aimed at “encouraging diversity and inclusion in the workplace and bringing about real changes in the industry.” “The Dive In Festival will take place from September 25th to 27th with events in a record number of... Read more of this article

Adam Galinsky Talk Rescheduled To 2019

Adam Galinsky Talk Rescheduled To 2019

A talk by best-selling author and Professor of Business at the Columbia Business School next week has been rescheduled. Professor Adam Galinsky was due to speak as part of the Bermuda Insurance Institute’s Women’s Series, which aims to explore solutions to removing roadblocks for women to succeed in the re-insurance sector. BII CEO, Malcolm Butterfield... Read more of this article

XL To Delist Outstanding Debt Securities

XL To Delist Outstanding Debt Securities

XL Group Ltd announced that, following the completion of its previously announced merger with Camelot Holdings Ltd., a wholly owned subsidiary of AXA S.A. and the delisting of its common shares from the New York Stock Exchange [NYSE], it has notified the NYSE of its intention to voluntarily delist the following series of debt securities issued by XLIT... Read more of this article

Fitch Upgrades XLIT Following Acquisition Close

Fitch Upgrades XLIT Following Acquisition Close

Fitch Ratings has upgraded the ratings of XLIT Ltd. [XL, a Cayman Islands subsidiary of XL Group Ltd] and its property/casualty [re]insurance subsidiaries following the completion of the acquisition by AXA SA. “This includes a one notch upgrade of XL’s core operating subsidiaries Insurer Financial Strength [IFS] rating to ‘AA-’,... Read more of this article

Bermuda Stock Exchange Report: Sept 12 2018

Bermuda Stock Exchange Report: Sept 12 2018

September 12 saw 5,063 shares trade on the Bermuda Stock Exchange, valued at $256,694.10 BD. 5,063 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.0% at $50.70 per share. The BSX finished at 2,861.80, down 0.78% on the day. There were 0 advances, 1 decline, and 58 remained unchanged. The full report for the day is available here... Read more of this article

Vendors Invited To Halloween-Themed Expo

Vendors Invited To Halloween-Themed Expo

The Bermuda Cake, Candy & Decor Expo and Fair is getting set to host a Halloween-themed event on October 21, with potential vendors invited to attend an information meeting at the Police Club on September 17 from 5.30pm to 7.00pm. A spokesperson said, “We would like to introduce to you the Bermuda Cake, Candy & Decor Expo and Fair, created... Read more of this article

Premier Burt Meets With Dr. DeLisle Worrell

Premier Burt Meets With Dr. DeLisle Worrell

Premier and Minister of Finance David Burt met with Dr. DeLisle Worrell, the past Governor of the Central Bank of Barbados who recently joined the Bermuda Financial Policy Council. Premier Burt tweeted the photos below, saying: “Welcomed Dr. DeLisle Worrell, past Governor of the Central Bank of Barbados to the Cabinet Office this afternoon. Dr.... Read more of this article

Three People Made Redundant At Ascendant

Three People Made Redundant At Ascendant

Ascendant Group — the parent company of BELCO, Aircare, iFM, and iEPC – have confirmed that three staff members have been made redundant. The company confirmed that the Marketing and Communications Department for the Ascendant Group was “outsourced which will result in substantial cost savings to the company.” Three staff and... Read more of this article