Category: Business
Former Head Girl Gives School A KIC-Start
West Pembroke Primary School is the first local educational institution to use KICS Student Motivational Planners for their entire school during this 2014/15 academic year. “This is such an honor,” said Angela Young, the Founder and President of iAspirations Limited. “West Pembroke Primary School was where my formal education began and later,... Read more of this article
Bermuda Stock Exchange Report: Sept 15 2014
Today [Sept 15] saw a volume of 52,600 shares trade on the Bermuda Stock Exchange, valued at $110,990.00 BD. 50,000 shares were traded by Bank of N.T. Butterfield Ltd, closing at $2.00 per share, up 0.5% on the day. Another 100 shares were traded by Ascendant Group Limited, closing at an even $6.15 per share. The other 2,500 shares were traded by KeyTech... Read more of this article
ACP Re Completes Tower Group Acquisition
Tower Group International, Ltd. announced today that ACP Re, Ltd. has completed the previously-announced acquisition of Tower. As a result of the merger, each share of Tower common stock [other than shares owned by ACP Re, Tower or any subsidiary of either ACP Re or Tower and dissenting shares as to which appraisal rights were properly exercised] was... Read more of this article
Digicel: Approval For Caribbean Fibre Network
Digicel has received the required approvals from Government and regulatory authorities with regard to its purchase of a submarine fibre network across the Caribbean region from the Guadeloupe-based Loret Group and Caribbean Fibre Holdings and the transaction is now complete, it was announced today. The company said, “The completion of the deal... Read more of this article
TigerRisk To Open New Office In Bermuda
TigerRisk Partners are set to open a new office in Bermuda later this month, which they said will enable continued growth in the retro market. In a statement announcing the new office, Rod Fox, CEO of TigerRisk, said, ”These buyers want more creative, more efficient structures,” adding that these desires play into his firm’s strengths—property... Read more of this article
Bermuda Delegation Attends Mexico Meeting
12 of Bermuda’s leading wealth management professionals received a warm welcome from top international law firms and tax advisors in Mexico City while participating in a series of targeted meetings. As part of the Bermuda Business Development Agency’s [BDA] business development strategy, the visit to Mexico was spearheaded by the BDA together with... Read more of this article
Packwood: Bermuda Is Ally, Not Tax Haven
“As a small island nation, with a vibrant insurance sector and relatively low tax rates, Bermuda can be a target for political leaders and pundits in the United States. But history shows that our nations are natural friends, allies and economic partners,” Cheryl Packwood noted in an article for The Hill. Ms. Packwood — the Director... Read more of this article
Bermuda Tourism Authority Hires Glenn Jones
[Updated] The Bermuda Tourism Authority announced they have hired Glenn Jones on a “part-time basis to further strengthen its partnerships and communications with tourism industry stakeholders throughout the local community.” The BTA said, “Glenn, a Bermudian, has 15 years of experience domestically and internationally in media and... Read more of this article
Blue Capital Declares Quarterly Dividend
Bermuda-based Blue Capital Reinsurance Holdings Ltd. has declared a quarterly dividend of $0.30 per common share, which is payable on or before October 15, 2014 to holders of record as of September 30, 2014. The Company said it “currently intends to distribute a minimum of 90% of its Distributable Income [as defined in its Form 10-K for the year... Read more of this article
Bermuda Toastmasters To Resume Meetings
Bermuda Toastmasters will be resuming club meetings on Tuesday, September 16th from 5:30-7pm at the Chamber of Commerce. As of October, meetings will be held on the 1st and 3rd Tuesday of the month at this time and location. A spokesperson said, “The Bermuda Toastmasters club is a branch of Toastmasters International, an organization dedicated... Read more of this article
Butterfield Bank August Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of August, 2014, the Bank purchased for Treasury 1,063,286 Common Shares at an average price of $1.986 per share. In addition, in June, the Bank purchased 174 8% Preference Shares for cancellation at an average price of $1,177.22. Related... Read more of this article
Endurance Welcomes John Lavin As VP
Bermuda-based Endurance Specialty Holdings Ltd. said that John Lavin will join Endurance on September 22nd as Executive Vice President, U.S. Excess & Surplus [E&S] Property. Mr. Lavin has worked closely with wholesale brokers throughout his career to underwrite commercial property risks, including managing a specialty risk portfolio. He will... Read more of this article
RFIB Introduce New Management System
RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, announced that in partnership with the Catastrophe Risk Exchange [CATEX], the introduction of a new binding authorities management system. The new platform will be utilised across risk, premium and bordereau processing. The system, which was implemented following the completion... Read more of this article
Salt Kettle To Change To Residential Rentals
After more than four decades of serving the visitor market, the Salt Kettle Guest House in Paget plans to transform itself from a small guest house to a five-unit residential rental offering in the coming year. Opened in 1970 by Bobby and Hazel Lowe, the Salt Kettle Guest House has enjoyed a high return guest history spanning generations, and the family-owned... Read more of this article
Bermuda Stock Exchange Report: Sept 12 2014
Today [Sept 12] saw the close of the BSX’s week finish with 25,500 shares traded on the day, valued at $59,000.00. 25,000 shares were traded by Bank of N.T. Butterfield Ltd, closing at $1.99 per share, even on the day. The other 500 shares were traded by BF&M Ltd, which closed at $18.50 per share, up 2.8% on the day. The BSX finished the... Read more of this article
2013 ICT Communication Technology Report
The Department of Statistics released the 2013 Information and Communications Technology [ICT] Report today, which showed that the ICT sector contributed 4.1% to Bermuda’s GDP, or $229 million, a decline of 3% from 2012. The report also indicated that there were 838 ICT-related jobs in 2013, the same as in 2012, 89% of all businesses use computers... Read more of this article
