Category: Business
Victor Scott Students Visit XL Catlin’s Office
A class of 10-to-11-year-old students from Victor Scott Primary School recently experienced life in the corporate world when they were invited to XL Catlin’s Bermuda office to connect with students overseas and discuss their future aspirations. The enthusiastic group of local students began their visit, on May 4th, with a tour of XL Catlin’s 18-feet... Read more of this article
Drop In Offshore Company Insolvency Filings
The total number of petition filings across offshore jurisdictions fell 10% in 2016 when compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report released by law firm Appleby. This was among the findings of the firm’s Snapshot: Review of 2016 Offshore Petition Filings & Court Orders,... Read more of this article
Bermuda Stock Exchange Report: May 12 2017
May 12 saw 7,267 shares trade on the Bermuda Stock Exchange, valued at $168,977.75 BD. 4,267 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.2% at $33.25 per share, while another 2,000 shares were traded by One Communications Ltd, closing down 3.4% at $2.80 per share. 1,000 shares were traded by BF&M Ltd, closing up 2.4% at $21.50... Read more of this article
Savory Kernels Honoured To Be Vendor For AC
Deshun Simmons is “very honoured” to have been selected as one of four ‘sweet cuisine’ Bermuda businesses in the America’s Cup Village. Mr Simmons, along with business partner Wollette Smith, runs Savory Kernels, a gourmet popcorn retailer that has more than 70 flavours on its menu. A relatively new business on the island, Mr Simmons said... Read more of this article
Six Bermudians Start Aecon Airport Internship
Bermuda Skyport Corporation, Aecon Group and the Bermuda Department of Workforce Development [DWD] announced the start of the Airport Redevelopment Project internship programme this week. As part of the project, six Bermudians have been offered paid internships with Aecon and members of its technical team in Canada. The interns were chosen by a panel... Read more of this article
Chief Justice Kawaley Attends Meeting In UK
Bermuda’s Commercial Court has joined the Standing International Forum of Commercial Courts which had its inaugural meeting in London on May 4-5, 2017, with Chief Justice Dr Ian Kawaley representing Bermuda’s Commercial Court at last week’s meeting. Initiated by the Lord Chief Justice of England & Wales Sir John Thomas, the Forum aims to... Read more of this article
Bermuda Stock Exchange Report: May 11 2017
May 11 saw 28,674 shares trade on the Bermuda Stock Exchange, valued at $244,167.00 BD. 28,074 shares were traded by Ascendant Group Limited, closing down 2.9% at $8.25 per share, while another 600 shares were traded by BF&M Ltd, closing up 0.2% at $21.00 per share. The BSX finished at 2,073.34, down 0.10% on the day. There was 1 advance, 1 decline,... Read more of this article
TCD & BECL Will Open Again Tomorrow
TCD and the Bermuda Emissions Control testing centre on North Street will be open tomorrow [May 12], after being closed today and part of yesterday, due to the absence of running water. A spokesperson said, “The Transport Control Department [TCD] and the Bermuda Emissions Control Ltd. [BECL] testing centre on North Street are expected to be open again... Read more of this article
IRM Presentation On 2017 Hurricane Season
The Institute of Risk Management [IRM] Bermuda Group will be hosting a presentation on ’2017 Hurricane Season in Bermuda: Outlook and Preparation’ on Thursday, May 18 from 8.30am to 10.00am at Zurich Insurance Company at Wellesley House on Pitt’s Bay Road. Steve Cosham, National Disaster and Public Events Coordinator from the Ministry... Read more of this article
Driscoll Named President Of Validus Holdings
Validus Holdings, Ltd. announced that Kean Driscoll has been named President of the Company, effective immediately. Mr. Driscoll will continue to serve as the Chief Executive Officer of Validus Reinsurance, Ltd., the position he has held since 2012. Ed Noonan, Chairman and Chief Executive Officer of Validus, said, “Kean has been an outstanding leader... Read more of this article
Catalina Completes Acquisition Of HFPI & DLM
Catalina Holdings [Bermuda] Ltd announced that its wholly owned subsidiary Catalina Holdings UK Limited has completed its acquisition of Hartford Financial Products International Limited [HFPI] and Downlands Liability Management Limited [DLM] from The Hartford Financial Services Group Inc. following approval from the Prudential Regulation Authority... Read more of this article
Bermuda Stock Exchange Report: May 10 2017
May 10 saw 40,071 shares trade on the Bermuda Stock Exchange, valued at $116,191.50 BD. 40,071 shares were traded by One Communications Ltd, closing down 1.4% at $2.90 per share. The BSX finished at 2,075.37, down 0.03% on the day. There were 0 advances, 2 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
