Category: Business
UK Govt Will Not Oppose Territories Amendment
According to reports from the British media, Minister Sir Alan Duncan has just announced that the UK Government will not oppose an amendment which will require the Overseas Territories to introduce public ownership registers by the end of 2020. “Britain’s government agreed on Tuesday to order its overseas territories to make secretive company... Read more of this article
Video: BIU President Holds Press Conference
BIU President Chris Furbert is holding a press conference this morning [May 1]. We will have additional coverage later on, and in the meantime the live video of the press conference is below. Update: The 12 minute live video replay is below Related Stories Video: Bermuda Credit Union Press Conference Video: BIU President On Airport Project Co Jobs Bermuda... Read more of this article
Premier Burt Signs MOU With Medici Ventures
The Premier and Minister of Finance David Burt announced the signing of a Memorandum of Understanding [MOU] with another international company that “will result in the creation of jobs in Bermuda and enhanced educational opportunities for Bermudians.” The Memorandum was signed by Dr. Patrick Byrne the Founder and CEO of Overstock.com. “The... Read more of this article
Bermuda Stock Exchange Report: April 30 2018
April 30 saw 2,100 shares trade on the Bermuda Stock Exchange, valued at $57,710.00 BD. 1,100 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.6% at $49.00 per share, while another 1,000 shares were traded by Argus Group Holdings Ltd, closing up 8.3% at $3.91 per share. The BSX finished at 2,711.82, up 2.35% on the day. There were 2... Read more of this article
Town Crier Calls Travellers Into Local Stores
Hamilton’s Town Crier is treating visitors to more than just city tours this year; he’s also aiming to assist them with their island shopping. A spokesperson said, “Town Crier Ed Christopher’s baritone voice and long strides are leading visitors into retail stores all over Hamilton every Thursday in the Bermuda Tourism Authority-created... Read more of this article
Captive Conference To Donate $5K To Hospice
Friends of Hospice, the registered charity supporting Bermuda’s only in-patient hospice, Agape House, has been chosen as the first beneficiary of the Bermuda Captive Conference. This year’s 14th annual event, slated to run June 11–13 at Fairmont Southampton, attracts close to 800 delegates, including captive insurance owners, risk managers, captive... Read more of this article
Berkeley Students Attend New York Summit
The Bermuda Economic Development Corporation [BEDC] recently sponsored a class of 22 budding, young entrepreneurs from The Berkeley Institute to take part in Virtual Enterprises International’s Global Youth Business Summit 2018, which was held in New York City from Monday, April 16th to Wednesday, April 18th. Since September, the students have been... Read more of this article
AFL Investments Rebrands To Argus Wealth
AFL Investments Limited has been rebranded to Argus Wealth Management Limited and is now a wholly owned subsidiary of The Argus Group, “Argus Wealth will continue to offer investment options to Bermuda-based private and institutional clients and leverage its existing institutional relationships to provide access to world-class managers through... Read more of this article
Bacardi Completes Acquisition Of Patrón
Bermuda-headquartered Bacardi Limited announced the completion of a transaction that makes the family-owned company the sole owner of Patrón Spirits International AG and its Patrón brand, the world’s top-selling super-premium tequila. “The transaction, which was announced in late January, closed today and follows a successful relationship... Read more of this article
Freisenbruch-Meyer Group To Host Tax Seminar
On Wednesday, June 6, 2018, Canada’s Trowbridge Professional Corporation and Freisenbruch Meyer Group will co-host two free seminars on tax and pension planning for expatriates. The two-hour events, taking place at 12 noon and 5.30pm at the Royal Bermuda Yacht Club in Hamilton, will feature a presentation by Mr. Arun [Ernie] Nagratha, CPA, CA, CPA... Read more of this article
Consultation On Feed-In Tariff Methodology
Consultation on the method to calculate the rate paid to Renewable Energy Metering Scheme participants is underway, the Regulatory Authority of Bermuda announced today. The Feed-in Tariff is paid by BELCO to compensate people who are connected to the electricity network and who generate electricity via renewable energy systems such as solar panels and... Read more of this article
AXIS Reports First Quarter Income Of $63M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2018 of $63 million, or $0.75 per diluted common share, compared to net income of $5 million, or $0.06 per diluted common share, for the first quarter of 2017. Operating income1 for the first quarter of 2018 was $123 million, or... Read more of this article
