Category: Business
Nine Work Permit Applications For Triathlon
There have been nine applications made for work permits through the Ministry of Tourism related to this weekend’s triathlon, the Ministry confirmed, with two for DJs, three for support staff for triathlete bike rental coordination, two for drone pilots and two for TV engineers. The drone and TV engineers relate to the broadcast, which is expected... Read more of this article
No Physical Store, Gateway Offer Online Sales
Gateway Systems will be closing the G-Wiz physical store as of April 27th saying it “no longer fits with our strategy”, with the company confirming that the change will not result in any job losses. Managing Director John Kyle stated, “As we continue to expand our core ICT consulting and services business, particularly in the areas... Read more of this article
Video: Skyport Launches New Airport Website
Skyport has launched a brand new website designed and developed by a Bermudian, with a primary focus on functionality and visual appeal. The new website, which can be found at – www.bermudaairport.com – was designed and developed by Sebastian Matcham of Subtropik. “The new site was created with the end user in mind. The site is user-friendly,... Read more of this article
Sansom Named New BSMA Business Officer
Nick Sansom, a senior executive with more than 30 years’ experience in the maritime sector, has joined the Bermuda Shipping and Maritime Authority [BSMA] as Chief Business Development Officer. Based in London, UK, Sansom will focus on driving growth in the island’s blue-chip shipping registry, as well as developing its ship-management and ship-finance... Read more of this article
One Communications 2017 Financial Results
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., today [April 26] announced financial results for the year ended December 31, 2017, with a net income for the year of $15 million. The filing stated: One Communications, a diverse telecommunications holding company, is pleased to announce its results for the year ended December... Read more of this article
IP Day: “Women In Innovation And Creativity”
Today [April 26th] the Registry General will join other intellectual property personnel around the world in celebrating ‘World Intellectual Property Day’. “The theme for World Intellectual Property Day 2018 is ‘Women in innovation and creativity’ which encourages us to reflect on how innovative women have enhanced our lives,”... Read more of this article
Chubb Reports First Quarter Net Income
Chubb Limited reported net income for the quarter ended March 31, 2018 of $1,082 million, or $2.30 per share, compared with $1,093 million, or $2.31 per share, for the same quarter last year. Core operating income was $1,097 million, or $2.34 per share, compared with $1,175 million, or $2.48 per share, for the same quarter last year. The property and... Read more of this article
Fitch: ‘Blockchain A Potential Game Changer’
Fitch Ratings views blockchain as a “potential game-changing technology for the insurance industry over the long term,” with the ratings agency adding that “the uncertainties around this nascent technology remain pronounced.” Fitch said, “Fitch Ratings views blockchain as a potential game-changing technology for the insurance industry... Read more of this article
Bermuda Stock Exchange Report: April 25 2018
April 25 saw 1,900 shares trade on the Bermuda Stock Exchange, valued at $68,075.00 BD. 1,300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.5% at $47.75 per share, while another 600 shares were traded by Ascendant Group Limited, closing even at $10.00 per share. The BSX finished at 2,654.04, up 0.43% on the day. There was 1 advance,... Read more of this article
Travel Edge Bermuda Hires DeShae DeShields
Travel Edge announced that DeShae DeShields has joined their Bermuda team in the newly created position of Business Development and Client Services Manager. “DeShae brings years of relevant business experience from companies including Bermuda Hospitals Charitable Trust and Freisenbruch-Meyer Group,” the company said. “Upon joining... Read more of this article
RA Seek Feedback: Electronic Communications
The moratorium on issuing new Integrated Communications Operating Licences [ICOLs] could be reviewed; new regulations put in place to protect the Island’s internet network if an undersea cable is damaged; and, consumers could be given compensation for outages or failures in service. Those are just some of the topics being examined in a new wave of... Read more of this article
Arch Enters Transaction With Catalina General
Arch Reinsurance has entered into a reinsurance transaction with Catalina General Insurance Ltd. [Catalina] to reinsure run-off liabilities associated with certain discontinued US Specialty Casualty exposures and various discontinued US Standard Programs businesses. Arch Re assumed the liabilities from its affiliate, Arch Insurance Company, over time... Read more of this article
