Category: Business

Minister Issues Closure Notice To Blu Bar & Grill

“I issued a closure notice to Blu Bar and Grill which goes into effect today [July 11] and expires after 14 days,” Minister of Health Kim Wilson said. The party at Blu has been the topic of widespread discussion, and resulted in both Wayne Caines and Zane DeSilva resigning from the Cabinet after videos circulated showing them among the... Read more of this article

Shipping Schedule: Week Starting July 11

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday July 11th.On Sunday the Viking Princess vehicles carrier is expected, on Monday the Oleander container ship will arrive, and on Tuesday the Almi Navigator crude oil tanker is scheduled to arrive. On Wednesday the Somers... Read more of this article

Bermuda Stock Exchange Report: July 10 2020

July 10 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,834.79, even on the day. There were 0 advances, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related StoriesBermuda Stock Exchange Report: July... Read more of this article

Unemployment Benefit Payments Delayed

Due to technical problems at the bank, unemployment benefit payments due today were delayed, however the matter has been resolved and the payments are scheduled to be processed this evening, the Ministry of Finance said. A spokesperson said, “The Ministry of Finance is advising the public that due to technical problems being experienced by the... Read more of this article

PwC Celebrates Bermudian HeadStart Milestones

Bermudian Sean Kelly – a part of the inaugural HeadStart programme in 2008 – was named a partner at PwC Bermuda, effective July 1. A spokesperson said, “PwC’s HeadStart programme provides Bermudians with scholarships, training and mentorship to springboard their careers in the financial services industry. Aimed at accelerating personal... Read more of this article

Review: A ‘Fabulous’ Staycation At Rosewood

[Written by Mikaela Ian Pearman] Summertime is usually the season when resident leave the rock for vacations. Disney World, Europe, the Caribbean, cruises, visiting family, etc are all popular options throughout July and August. This year, things are a bit different thanks to a global pandemic known as Covid-19. With the LF Wade International Airport... Read more of this article

RenaissanceRe Announce Management Change

RenaissanceRe Holdings Ltd. announced that Kevin O’Donnell, Chief Executive Officer, will assume responsibility for the Ventures business on an interim basis as Aditya Dutt, Senior Vice President, Ventures, will be leaving the Company to pursue a new opportunity. Mr. O’Donnell said: “I am excited to be leading the Ventures business at a time when... Read more of this article

Bermuda Stock Exchange Report: July 9 2020

July 9 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $65,950.00 BD. 2,000 shares were traded by Ascendant Group Limited, closing up 8.2% at $33.00 per share. The BSX finished at 1,834.79, up 1.33% on the day. There were 2 advances, 0 declines, and 56 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Conyers Receives High Recognition

Conyers’ Bermuda Private Client & Trust practice has been recognized in Chambers & Partners’ High Net Worth Guide 2020 with a Band 1 ranking. A spokesperson said, “Conyers continues to be the only firm ranked Band 1 in Bermuda for Offshore Trusts and is described as ‘the dominant firm’ on the island. One market insider notes: ‘You... Read more of this article

Video: ‘Taking Off’ Highlights Airport’s Pond

Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the airport’s pond. Speaking in the episode, Mikaela Pearman said, “Work resumed on the construction site the first week of May once shelter in place was lifted.... Read more of this article

Webinar On Climate Risk & Resilience Strategies

The Bermuda Business Development Agency [BDA] will be hosting a webinar to discuss the latest developments in climate risk & resilience strategies with leaders from the U.S. A spokesperson said, “The Bermuda Business Development Agency [BDA] will host a special webinar to explore the latest developments in climate risk and resilience strategies... Read more of this article

Carey Olsen Recognized In Chambers Guide

Carey Olsen Bermuda has received positive reviews for private client practice in the 2020 edition of the Chambers High Net Worth [HNW] guide. A spokesperson said, “Carey Olsen Bermuda has been lauded for making ‘real inroads into the private client area’ in the 2020 edition of the Chambers High Net Worth [HNW] guide with one commentator... Read more of this article

July 14: Chamber Of Commerce To Host Webinar

The Bermuda Chamber of Commerce will be holding a Zoom webinar on “addressing the fears of employers, employees, and visitors as we face the new normal” on Tuesday, July 14th. A spokesperson said, “The Bermuda Chamber of Commerce is pleased to announce a webinar focused on Addressing the Fears of employers, employees and visitors as... Read more of this article