Category: Business
New Membership Options At Tucker’s Point
Tucker’s Point Club is offering new price structures for membership starting this September, with initiation fees being waived and memberships customized to fit each individual’s needs. Through the years, the property has survived many changes and challenges, and the evolution for the Tucker’s Point Golf, Beach & Tennis Club continues as they... Read more of this article
Minister Explains Frequency Spectrum Policy
The Minister of Education and Economic Development, Dr. Grant Gibbons today [Sept 21] released a Policy statement on the allocation, use and pricing of certain portions of Bermuda’s radio frequency spectrum. The Policy sets out the manner in which the Regulatory Authority will allocate frequency bands to wireless telecommunications service providers,... Read more of this article
Burrows, Haynes & Looby Win Scholarships
Marshall Diel & Myers Limited announces the selection of its 2014 Legal Scholarship Award recipients: Ciara Burrows, Alexis Haynes and Jennifer Looby. The firm said, “Each recipient will receive a $5,000 award to assist with the costs of pursuing their legal studies. Having received so many high quality applications, it was extremely difficult... Read more of this article
Bermuda First Investment Company Results
Bermuda First Investment Company Limited, a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed companies, have announced its results for the year ended June 30, 2014. Highlights: Profit before unrealized loss on investments for the year ended June 30, 2014 of $1.5 million [2013: $1.0 million]; Revenue... Read more of this article
A.M. Best Assigns Rating To Watford Holding
A.M. Best has assigned an issuer credit rating of “bbb-” to Bermuda-based Watford Holding Ltd. The ratings agency said, “Concurrently a debt rating of “bb” has been assigned to the $225 million 8.5% cumulative preference shares issued earlier in the year when Watford was initially capitalized. The outlook assigned to the ratings is stable. “The... Read more of this article
BILTIR Conference Focuses On Insurance
A major conference focusing on life and annuity reinsurance was held at the Southampton Fairmont Hotel on September 18, bringing together more than 120 attendees for a number of panel discussions on topics relating to the insurance industry. One of the founding directors and president of the life and annuity association Bermuda International Long Term... Read more of this article
Fodors Names Royal Palms In Top 100 Hotels
Fodor’s Travel, one of the leading name in travel guides for more than 75 years, has revealed that Bermuda’s Royal Palms Hotel, located in the capital city of Hamilton, has been recognized as a 2014 Fodor’s 100 Hotel Award winner. This distinction designates Royal Palms Hotel as an outstanding hotel as selected by Fodor’s editors and travel... Read more of this article
Ascendant Group Earnings Decrease 35.2%
The Ascendant Group Limited released their latest financial results, showing their consolidated net earnings for the first six months of 2014 decreased $640,688 [or 35.2%] to $1.2 million, versus $1.8 million for the same period in 2013. The company said that although earnings improved at both Bermuda Gas and AG Holdings, as compared to the prior... Read more of this article
Bermuda Stock Exchange Report: Sept 19 2014
Today [Sept 19] saw the close of the BSX’s week finish with 68,500 shares traded on the day, valued at $236,240.00. 50,000 shares were traded by Bank of N.T. Butterfield Ltd, closing at $1.99 per share, even on the day. Another 100 shares were traded by Somers Limited, closing at an even $14.50 per share. 10,000 shares were traded by Ascendant... Read more of this article
Polaris Appoints Linda Amaral As Comptroller
Polaris Holding Company Limited have appointed Linda Amaral as Comptroller for Polaris and its related subsidiaries. Warren Jones, CEO of Polaris Holding Company Limited said, “We are pleased to have Mrs. Amaral join the Polaris Group as Comptroller. “She brings broad experience and knowledge to the Group. We are looking forward to further strengthening... Read more of this article
Digicel Acquires SportsMax & CEEN-TV
Digicel announced that it has acquired majority ownership and control of St. Lucia-based International Media Content Ltd., parent company of regional sports broadcaster, SportsMax, and North American broadcaster CEEN-TV, for an undisclosed sum. A spokesperson said, “Under the terms of the deal, the founder and a number of the lead principals will... Read more of this article
Appleby Wins STEP Legal Team Award
Appleby Global Head of Private Client & Trusts, Carlos de Serpa Pimentel, and Bermuda Managing Partner, Kiernan Bell, were presented with the prestigious STEP ‘International Legal Team of the Year 2014/15’ award at a special ceremony held in London on 17th September. Vanessa Schrum, Bermuda Group Head of Private Client & Trusts, said, “Attaining... Read more of this article
Bermuda Stock Exchange Report: Sept 18 2014
Today [Sept 18] saw a volume of 49,232 shares trade on the Bermuda Stock Exchange, valued at $229,478.68 BD. 38,532 shares were traded by Bank of N.T. Butterfield, staying even at $1.99 per share. Another 7,200 shares were traded by BF&M Ltd, closing down 2.6% at $18.50 per share. Bermuda Aviation Services Ltd traded 500 shares, closing down 0.3%... Read more of this article
Photos: Bermuda Fudge Co To Host Opening
Following a successful soft launch in May, the Bermuda Fudge Co in Dockyard is getting set to host its ribbon cutting and grand opening this coming Saturday. Offering fudge flavours ranging from the standard chocolate and vanilla, to apple pie and gingerbread, the family-owned company has spent the past few months working on production and ensuring... Read more of this article
Deacon’s PR Firm Celebrates First Anniversary
A Bermuda public relations firm has celebrated its first anniversary by signing up a new client. Air Care, which specialises in maintaining facilities and their mechanical infrastructures through designed, customised and flexible preventive maintenance plans, has signed up Deep Blue Communications [DBC] as its PR consultant. It brings DBC’s client... Read more of this article
BII Hosts Annual Student Recognition Luncheon
On September 16, 2014, the Bermuda Insurance Institute [BII] hosted their annual Student Recognition Luncheon, with more than 100 persons receiving well over 100 designations, as several people attained more than one designation. Guests at the event were welcomed by Andrew Soares, Chairman of the BII Governing Council, while Don Kramer, Chairman of... Read more of this article
