Category: Business
Rosewood Bermuda Unveils $25M Renovations
Rosewood Bermuda has unveiled a comprehensive renovation, including 88 elevated guestrooms, a redesigned lobby, and more. Last year the owners announced that Rosewood Bermuda — formerly known as Rosewood Tucker’s Point — would temporarily close to “undergo a comprehensive $25 million re-imagination”, included a redesign of the guestrooms,... Read more of this article
Somers Ltd May 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced that during the month of May 2018, Somers purchased 10,700 of its own common shares at an average cost of $14.75 per share. The Shares will be cancelled with immediate effect. The number of common shares in issue as at May 31,... Read more of this article
Arch Capital Expanding In Ireland Due To Brexit
Bermuda-based Arch Capital Group announced plans to expand the group’s underwriting operations in Ireland to “ensure continuity of its operations across the European Union” after Brexit. Following discussions with the Central Bank of Ireland, Arch is applying for regulatory approval to continue from Ireland certain underwriting operations... Read more of this article
Bermuda Stock Exchange Report: June 8 2018
June 8 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,729.84, even on the day. There were 0 advance, 0 declines, and 61 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 Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock... Read more of this article
Premier Signs Another Fintech Related MOU
The Premier signed an MOU today “establishing a strategic partnership with interests from the Republic of Korea”, with the MOU involving B-Seed Partners, FinHigh Capital and B.F.S. Holdings as partners in a new Bermuda venture, Bermuda FinTech Accelerator which “could lead to a potential investment of up to $10 million.” This... Read more of this article
Minister: Education And Training In Fintech
“As Bermuda becomes the first country in the world to have passed regulatory legislation aimed at Blockchain Technologies, it is critically important to have a Bermudian workforce that is trained and certified in Fintech Development and Regulatory Compliance,” Minister of Education and Workforce Development Diallo Rabain said. Speaking in... Read more of this article
Premier Burt Updates On European Council List
“Bermuda’s commitment letter was sufficiently clear and we therefore were not entered on the list of non-cooperative jurisdictions by the European Council,” Premier and Minister of Finance David Burt said in the House of Assembly today [June 8]. In providing an update on the dialogue with the EU, Premier Burt said, ”Subsequent... Read more of this article
Arbitrade To Establish Headquarters In Bermuda
Arbitrade, a coin and cryptocurrency exchange, is getting set to locate its headquarters in Bermuda. The company said, “Mr. Leonard Schutzman, Chairman and Chief Executive Officer of Arbitrade, a leading coin and cryptocurrency exchange, said today that its home domicile will be Bermuda. “In making the announcement, Chairman Schutzman said... Read more of this article
XL Catlin To Hold Global Day Of Giving Today
XL Group Ltd announced that thousands of colleagues in XL Catlin offices around the world will participate in its annual Global Day of Giving today [June 8]. The Global Day of Giving is a company-wide employee volunteer day dedicated to supporting the communities in which XL Catlin operates. Since the inception of the Global Day of Giving in 2006,... Read more of this article
Bermuda Stock Exchange Report: June 7 2018
June 7 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,729.84, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock Exchange Report: Dec 29 2025 Bermuda Stock Exchange Report:... Read more of this article
EU Release Bermuda’s ‘Commitment Letter’
The Council of the European Union has released “commitment letters” from a number of jurisdictions, including Bermuda, with the letter noting Bermuda’s “long standing and constructive relationship with the EU” and committing to address the concerns about “defacto lack of substance for entities doing business in or... Read more of this article
BLDC: Clearwater Beach Welcoming Visitors
Bermuda Land Development Company Limited [BLDC] said that Clearwater Beach is open and ready to welcome all visitors for the 2018 summer season with new product offerings for beachgoers, a Twizy charging station, and an updated parking lot at Turtle Beach. “Throughout the off season, we have continued to make improvements to the facilities and grounds... Read more of this article
