Category: Business
Photos & Video: Hamilton Medical Center Opens
Hamilton Medical Center today [Jan 18] announced that its 15,000 square foot facility on Burnaby Street in Hamilton is open for business, set to offer family medicine, blood testing, ultrasound, pharmacy, MRI, CT scan, mammography, X-ray service and more.A spokesperson said, “Hamilton Medical Center Ltd. today announces that its 15,000 square foot... Read more of this article
Hiscox Group Increase 2020 Estimate By $48M
As a result of the UK court judgment as well as further government restrictions in the UK during 2020, Hiscox Group said their total 2020 Covid-19 estimate for business interruption “increased by $48 million net of reinsurance.” This follows after small businesses won the right to insurance payouts after Britain’s highest court ruled many... Read more of this article
Apex Group Launches Invest Check Offering
Apex Group Ltd announced the launch of Invest Check, a “tool to help financial market participants collect the necessary data to report on and comply with the upcoming EU Sustainable Finance Disclosure Regulation [EU SFDR].” A spokesperson said, “”As of March 2021, the EU SFDR will require asset managers to incorporate sustainability... Read more of this article
Labour Act: Breaks, Contractors, Leave & More
Workers are now entitled to a 30-minute break for every five hours of work, it is “harder for employers to incorrectly classify employees as independent contractors” and bereavement leave has been extended to include grandparents, great-grandparents, grandchildren and great-grandchildren. This is according to a statement from Senator Arianna... Read more of this article
Chubb: Philip Bancroft To Retire After 19 Years
Chubb announced that Philip Bancroft, Executive Vice President of Chubb Group and Chief Financial Officer, plans to retire from the company on July 1 after 19 years of service. Peter Enns has agreed to join the company on or before April 1 as Executive Vice President, Finance, Chubb Group and succeed Mr. Bancroft upon his retirement. Mr. Enns has more... Read more of this article
Enstar On Reinsurance Transaction With ProSight
Enstar Group Limited announced that one of its wholly owned subsidiaries has entered into an agreement with subsidiaries of ProSight Global, Inc. to provide reinsurance relating to 2019 and prior year business. “The reinsurance will comprise a ground up loss portfolio transfer of ProSight’s discontinued workers’ compensation and excess workers’... Read more of this article
BMA: Fraudulent Bank Of Nevis Website
The Bermuda Monetary Authority is advising the public of a “fraudulent website which falsely claims to be a crypto bank operating from an address in Bermuda and which falsely uses the name of a real bank.” A spokesperson said, “The Bermuda Monetary Authority [the Authority] has been made aware of a fraudulent website at www.bankofnevis.com... Read more of this article
Rosemary Jones Steps Down From The BTA
Rosemary Jones has stepped down as the Bermuda Tourism Authority’s Director of Corporate Communications & Strategy to “pursue an opportunity in the private sector.” She joined the BTA in 2019 as the Director Of Corporate Communications & Strategy, where she was “responsible for the implementation, on-going review, and... Read more of this article
Get Restaurant Weeks Special Offers Delivered
The Five Star Home Delivery service is offering delivery of the specials offered by various restaurants during the 2021 Restaurant Weeks, which is now underway. The company posted the graphic below online, saying, “Bermuda Restaurant Weeks will be better than ever in 2021. As an added feature, Bermuda Tourism Authority in conjunction with Five Star... Read more of this article
Somers Limited Net Asset Value Per Share
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced quarter ended December 31, 2020 net asset value per share. The filing stated, “Somers Limited, a financial services investment holding company, is pleased to announce that for the quarter ended December 31, 2020, the Company’s net asset value per share is expected to... Read more of this article
Shipping Schedule: Week Starting January 16
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 16th.On Monday the Oleander container ship and the Silent oil products tanker are expected, and on Thursday the Bermuda Islander container ship will arrive. The weekly shipping schedule, which is subject to change,... Read more of this article
RenaissanceRe: Three Strategic Focus Areas
RenaissanceRe Holdings Ltd. has announced three strategic focus areas as part of its Environmental, Social and Governance [ESG] strategy: Promoting Climate Resilience; Closing the Protection Gap; and Inducing Positive Societal Change. More information can be found on RenaissanceRe’s new ESG website which provides insight into key sustainability activities... Read more of this article
Bermuda Stock Exchange Report: Jan 15 2021
January 15 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $ 12,000.00 BD. 3,000 shares were traded by Argus Group Holdings Ltd, closing down 4.3% at $4.00 per share. The BSX finished at 2,233.34, down 0.18% on the day. There were 0 advances, 1 decline, and 61 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
