Hashtag: #BermudaBusiness

Bermuda Stock Exchange Report: July 18 2018

Bermuda Stock Exchange Report: July 18 2018

July 18 saw 344 shares trade on the Bermuda Stock Exchange, valued at $15,924.00 BD. 344 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $46.50 per share. The BSX finished at 2,681.42, up 0.85% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Ariel Sands Listed For Sale At $12,500,000

Ariel Sands Listed For Sale At $12,500,000

The Ariel Sands property in Devonshire is listed for sale, with an asking price of $12,500,000. The listing by Rego Sothebys International Realty says, “Located off Bermuda’s South Shore in Devonshire Parish sits Ariel Sands a one-of-a-kind development consisting of 14.5 acres zoned ‘Tourism’ of that 4.5 acres zoned ‘Woodland... Read more of this article

AIG Announces Closing Of Validus Acquisition

AIG Announces Closing Of Validus Acquisition

American International Group, Inc. today announced it has completed its acquisition of Validus Holdings, Ltd. The transaction, which was first announced on January 22, 2018, closed following receipt of regulatory approvals and approval of Validus shareholders. “As part of AIG, Validus adds attractive and diversified franchises, including Validus... Read more of this article

Snowball Stand Broken Into Twice In Eight Days

Snowball Stand Broken Into Twice In Eight Days

[Written by Don Burgess] A snowball stand wishes a cold-hearted thief would chill out after breaking into the business twice in eight days. Alfred Butterfield, the co-owner of Jazzy Treats, said his Clearwater location was broken into the past two Mondays. Last week the thief got a small amount of cash, but this week didn’t take anything after not... Read more of this article

Bermuda Stock Exchange Report: July 17 2018

Bermuda Stock Exchange Report: July 17 2018

July 17 saw 133 shares trade on the Bermuda Stock Exchange, valued at $6,118.00 BD. 133 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.1% at $46.00 per share. The BSX finished at 2,658.94, down 0.84% on the day. There were 0 advances, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Video: Digicel Sponsor Eastern County Cricket

Video: Digicel Sponsor Eastern County Cricket

Digicel recently signed a three year extension of their sponsorship of Eastern County Cricket, with the company making the announcement at a press conference this afternoon [July 17] with the captains the Eastern County teams. A spokesperson said, “Today, Digicel announced it has extended its sponsorship of the Eastern County Series until 2020.... Read more of this article

BII Event On Insurance Contract Standards

BII Event On Insurance Contract Standards

People are being invited to learn more about new international standards designed to ensure a consistent approach for all insurance contracts. The Bermuda Insurance Institute [BII] has organized a lunch and learn on Thursday [July 19] to examine the IFRS 17 guidelines published by the International Accounting Standards Board [IASB]. BII CEO Malcolm... Read more of this article

Fairmont Celebrates Herbie Bascome’s 50 Years

Fairmont Celebrates Herbie Bascome’s 50 Years

Fairmont Southampton held a special surprise celebration breakfast in honour of Chef’s Herbie Bascome’s fifty years of service. The event – which included the presentation of a plaque and a special renaming of the “Herbie Bascome Way” — was attended by a number of people, who came out to help celebrate Mr. Bascome’s... Read more of this article

Christina Joynes Awarded Gil Tucker Scholarship

Christina Joynes Awarded Gil Tucker Scholarship

EY Bermuda Ltd. announced that Christina Joynes has been selected as the recipient of this year’s Gil Tucker Bermuda Scholarship. Ms Joynes is currently interning for the summer at EY in the Advisory and Assurance team. She is pursuing a Bachelor of Business and Administration in Accounting at Howard University and is a member of the Howard University... Read more of this article

BAS Group Reports Net Loss Of $4.3 Million

BAS Group Reports Net Loss Of $4.3 Million

Bermuda Aviation Services Limited [BAS] announces net losses attributable to shareholders of $4.3 million for the year ended March 31, 2018. This compares to net income of $0.8 million in the prior year. “The company has recently completed a comprehensive strategic and functional review of all aspects of its operations and the financial results... Read more of this article

BEDC To Offer StreetWise MBA Programme

BEDC To Offer StreetWise MBA Programme

The Bermuda Economic Development Corporation [BEDC] announced that it has signed a two-year licensing agreement with U.S. based company Interise to offer its StreetWise ‘MBA’ Programme to the island’s established entrepreneurs. A spokesperson said, “Bermuda is one of 80 locations throughout North America and the Caribbean to offer this award-winning... Read more of this article

Bermuda Stock Exchange Report: July 16 2018

Bermuda Stock Exchange Report: July 16 2018

July 16 saw 2,400 shares trade on the Bermuda Stock Exchange, valued at $39,600.00 BD. 2,000 shares were traded by Ascendant Group Limited, closing even at $16.25 per share, while another 400 shares were traded by BF&M Ltd, closing even at $17.75 per share. The BSX finished at 2,681.42, up 0.07%on the day. There was 1 advance, 0 declines, and... Read more of this article

Tech Firm Trunomi Wins Europas Award

Tech Firm Trunomi Wins Europas Award

Bermuda technology firm, Trunomi took home the Europas Award for Hottest Blockchain Identity Project, Perseid. The firm, founded by local CEO Stuart Lacey, has been lauded for its innovative work on Perseid, a consent ID blockchain technology project. The project is named Perseid after the annual meteor shower which includes thousands of individual... Read more of this article