Category: Business
Photos: Flower Bar Holds Ribbon Cutting
The Flower Bar in Hamilton held a grand opening and ribbon cutting event this evening, with the new business offering a unique mix of floral-infused cocktails, flower arrangements, floral workshops more. Steven Faries and his business partner Shane Francis opened the shop earlier this year, and held their official ribbon-cutting event today. According... Read more of this article
Dominic Mensah Joins Abacus Ltd Team
Dominic Mensah has joined the Abacus Ltd. team as a Financial Solutions Consultant. A spokesperson said, “Mensah, who holds an MBA in Finance, has held a number of accountancy roles and is also a trained and licensed teacher. In his role as Financial Solutions Consultant at Abacus, Mensah will be responsible for maintaining proper financial records,... Read more of this article
The Flower Bar Offering A ‘Unique Twist’
[Written by Stephen Wright] The new Flower Bar on Reid Street, outside the Washington Mall in Hamilton, offers a unique mix of floral-infused cocktails, wine, prosecco and flower arrangements. Steven Faries and his business partner Shane Francis opened the shop in July – initially delaying the enterprise because of the Covid-19 pandemic – and will... Read more of this article
Premier Burt Concludes UK & Europe Visit
The Premier and Minister of Finance David Burt returned to Bermuda last night following a “comprehensive and productive visit to the UK and Europe to participate in a key meetings and events aimed at fostering relationships.” A Government spokesperson said, “The start of this week [Sept. 9] marked the second tier of the Premier’s... Read more of this article
AM Best Affirms Top Layer Reinsurance’s Ratings
AM Best affirmed the ratings of Top Layer Reinsurance Ltd., with a stable outlook. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” [Superior] of Top Layer Reinsurance Ltd. [Top Layer] [Bermuda]. The outlook of... Read more of this article
Gallagher Launch Specialty Insurance Business
Gallagher launched a new specialty insurance business in Bermuda, and has appointed Jasmine DeSilva as Managing Director of the new business. A spokesperson said, “Gallagher has launched a new business in Bermuda to support clients across the region with their specialty insurance solutions. “Gallagher already has a significant client base... Read more of this article
Aon Expands Bermuda Reinsurance Platform
Aon plc announced the expansion of its Bermuda reinsurance platform, adding five new team members to enhance local capabilities and drive growth, subject to immigration approvals. A spokesperson said, “Aon plc [NYSE: AON], a leading global professional services firm, today announced the significant expansion of its Bermuda reinsurance platform... Read more of this article
AM Best Affirms Credit Ratings Of Ardellis
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Ardellis Insurance Ltd. [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect Ardellis’ balance sheet strength, which AM Best assesses as very strong, as well as its... Read more of this article
Bermuda Stock Exchange Report: Sept 11 2024
September 11 saw 700 shares trade on the Bermuda Stock Exchange, valued at $25,900.00 BD. 700 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $37.00 per share. The BSX finished at 2,571.99, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
St. George’s Seafood Festival On Sept 22
[Updated] The Corporation of St. George’s invites the community to “savor an afternoon of culinary delight at the St. George’s Seafood Festival” this Sunday [Sept 15]. A spokesperson said, “Join us this Sunday, September 15th, at 12 noon on Ordnance Island in the historic Town of St. George for an event that celebrates the best... Read more of this article
HSBC Appoints Gregory Garnier As CEO
HSBC announced the appointment of Gregory Garnier as CEO of HSBC Bank Bermuda Limited, effective September 23, 2024. A spokesperson said, “Gregory Garnier, joined HSBC 22 years ago in Mergers and Acquisitions in Paris and has led teams in France and the US in a wide range of Investment Banking and Global Banking roles. His most recent assignment... Read more of this article
Bermuda Craft Brewing To Host Festival
Bermuda Craft Brewing announced BEERMUDA, a festival of live music, beer tasting, food and fun at the National Stadium North Field on September 27 and 28. A spokesperson said, “Local brewery, Bermuda Craft Brewing, is excited to announce BEERMUDA, a festival of live music, beer tasting, food and fun at the National Stadium North Field on 27 and 28... Read more of this article
