Category: Business
Photos & Video: Court Street Shopping Market
[Updated with photos] The Court Street Market, featuring approximately 50 vendors along Court Street, is taking place today [Dec 10] and you can tune in and watch live below. A spokesperson previously said, “The Court Street Market will be held on December 10 and again on December 17th from 12 noon to 6 pm. As always there will be about 50 vendors... Read more of this article
C&B Team Earns PSEA Award For November
The Government of Bermuda’s Compensation & Benefits [C&B] Team earned the Public Service Excellence Award [PSEA] for November. A Government spokesperson said, “On Friday [Dec. 8], Premier David Burt congratulated the Government of Bermuda’s Compensation & Benefits [C&B] Team, who are the Public Service Excellence Awards [PSEA]... Read more of this article
Axis Capital Declares Quarterly Dividend
AXIS Capital Holdings Limited announced that its Board of Directors declared a quarterly dividend of $0.44 per common share. A spokesperson said, “AXIS Capital Holdings Limited [AXIS Capital] [NYSE: AXS] today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 18, 2024 to shareholders... Read more of this article
Photos: Azu Holiday Market At BAMZ
[Updated with video] The AZU Holiday Market took place at the Bermuda Aquarium, Museum and Zoo, providing a festive Christmas shopping atmosphere in an interesting environment. The organizers previously said, “Lots of great vendors without the hustle and bustle of town. Enjoy beautiful Flatts village, enjoy BAMZ, and get some holiday shopping... Read more of this article
Shipping Schedule: Week Starting Dec 9
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, December 9th. On Monday the Oleander container ship is expected, and on Thursday the Norwegian Getaway cruise ship and the Bermuda Islander container ship will arrive. The weekly shipping schedule, which is subject to... Read more of this article
Reefs Hotel To Host Christmas Sip And Shop
The Reefs Resort and Club will host a Christmas Sip and Shop next Wednesday [December 13] featuring live music from local performer Tony Brannon. The event, which runs from 6 pm to 9 pm, will feature a silent auction, with all proceeds going towards the Christ Church Feeding Programme. Vendors will include Alexandra Mosher, Lime Stone Cedar, Lili Bermuda,... Read more of this article
Bermuda Stock Exchange Report: Dec 8 2023
December 8 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,254.01, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda... Read more of this article
Bill For 15% Tax On Large Multinationals
“With the bill that will be tabled later today, the Government plans to introduce a 15% corporate income statutory tax that will be applicable to Bermuda businesses that are part of a multinational group with annual revenue of €750M or more,” Premier David Burt said, adding that it will ”fulfil Bermuda’s commitment to participate... Read more of this article
Bacardi Completes Hydrogen-Fueled Glass Bottle
Bermuda headquartered Bacardi has “successfully completed the world’s first commercial production of a glass spirits bottle fueled by hydrogen in a trial that took place earlier this month.” A spokesperson said, “Bacardi worked with premium glassmaker, Hrastnik1860, to pioneer new technology that powered a glass furnace with hydrogen... Read more of this article
LOM Financial Share Purchases In December
In a filing with the Bermuda Stock Exchange, LOM Financial Limited has stated that the Company purchased a total of of 25,000 shares at an average price of $5.48. The full filing stated, “In a filing with the Bermuda Stock Exchange [BSX], – LOM Financial Limited [the “Company"; Ticker: LOM.BH], has announced that the Company purchased a total... Read more of this article
AM Best Affirms Legal & General Reinsurance
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Legal & General Reinsurance Company No. 2 Limited. [L&G Re 2] [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “L&G Re 2 is an indirect subsidiary of Legal & General... Read more of this article
Watlington Waterworks Declares $0.25 Dividend
In a filing with the Bermuda Stock Exchange [BSX], Watlington Waterworks Ltd. announces a declaration of dividend. The full filing stated, “At a recent meeting of the Board of Directors, it was agreed that a dividend in the amount of BD$0.25 per share will be declared to the shareholders of record as at 15 December 2023. The payment date for the... Read more of this article
Bermuda Stock Exchange Report: Dec 7 2023
December 7 saw 14,600 shares trade on the Bermuda Stock Exchange, valued at $438,000.00 BD. 14,600 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $30.00 per share. The BSX finished at 2,254.01, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Minister Speaks At Hotel Housekeepers Meeting
Minister of Economy and Labour Jason Hayward joined the Bermuda Industrial Union at the 7th Annual Global Week of Action for Hotel Housekeepers Meeting earlier today [Dec 7]. A Government spokesperson said, “Minister Hayward addressed those in attendance, recognising their dedication and commitment despite, at times, challenging working conditions.... Read more of this article
Mastercard & First Atlantic Commerce Sign MOU
Mastercard and First Atlantic Commerce [FAC] have formally agreed to advance financial inclusion and safe digital payments across Central America and the Caribbean through a Memorandum of Understanding [MoU]. A spokesperson said, “Mastercard, the global technology company in the payments industry, and First Atlantic Commerce [FAC], a leading online... Read more of this article
SiriusPoint & ProVerity Announce Partnership
SiriusPoint Ltd. and and program administrator ProVerity Underwriters announced a “new strategic partnership.” A spokesperson said, “As a provider of capacity, SiriusPoint will work closely with ProVerity to develop customized solutions for the professional liability market. “Based in Philadelphia and founded in 2023, ProVerity... Read more of this article
