Category: Business
J&B’s Wood Fired Pizza Looking Forward To AC
“Selected as a healthy alternative to fish sandwiches, burgers, and hot dogs, the start of the 35th America’s Cup will be a big moment for Tim Jackson, his wife Michelle Brock Jackson, and the employees at J&B’s Wood Fired Pizza,” the ACBDA said. “Named as one of the five primary food and beverage vendors for the America’s Cup... Read more of this article
Aecon Awards Four Contracts For Airport
Aecon Group announced today that it has awarded four contracts as “part of the preliminary work to build Bermuda’s first purpose-built airport,” with the contracts awarded to Bermuda-Caribbean Engineering Consultants for surveying work, R.A. Murray with Correia Construction for supply and trucking of gravel, D&J Excavation for excavation... Read more of this article
Casino Commission Appoints Wayne Scott
Wayne Scott began work with the Bermuda Casino Gaming Commission on April 3, 2017, the BCGS confirmed, with Mr Scott serving as the Chief Technology Officer. Executive Director Richard Schuetz explained that the advertisement for the Chief Technology Officer position ran starting on October 1, 2016, with a closing date of November 10, and was also... Read more of this article
ABIR Release 2016 Global Underwriting Results
The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2016 global underwriting results for its member re/insurers, with 21 of 23 members participated in the report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 21 re/insurers wrote $92.296 billion... Read more of this article
Hamilton Re Continues Portfolio Diversification
Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced today that it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Limited’s [Sompo Canopius] excess casualty insurance book of business. The transaction is expected to close mid-year. In addition, Sompo Canopius underwriters Stephen Hartwig and Jeremy... Read more of this article
First Student-Run Captive Insurer To Launch
An American university has chosen Bermuda as its domicile for the first known student-run captive insurance company. Students enrolled in the Davey Risk Management & Insurance Program at Butler University’s Lacy School of Business in Indianapolis, Indiana, were granted licensing approval from the Bermuda Monetary Authority [BMA] this month to... Read more of this article
Column: Insurance Innovators & Inspiration
[Opinion column written by Ross Webber] Spring is about fresh starts, and at the BDA offices, the spirit of inspiration is feeling decidedly millennial. In the past month, we’ve welcomed Under-40s members of the American Association of General Managing Agents [AAMGA] and the US Reinsurance Under 40s Group, Inc [Re Under 40s] Annual Tour. We also... Read more of this article
Retail Sales Decrease 2.7% In February 2017
Retail sales in February 2017 decreased 2.7% below the $82.2 million recorded in February 2016 and when adjusting for the annual retail sales rate of inflation – measured at 2.1% in February – the volume of retail sales decreased 4.6%, according to the recently released Retail Sales Index. “Four of the seven sectors experienced decreases... Read more of this article
Bermuda Stock Exchange Report: April 21 2017
April 21 saw 294 shares trade on the Bermuda Stock Exchange, valued at $6,242.25 BD. 192 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.00 per share, while another 102 shares were traded by One Communications Ltd, closing even at $2.75 per share. The BSX finished at 1,930.02, up 5.31% on the day. There were 0 advances, 0 declines,... Read more of this article
Digicel Advise Of Interruptions Due To Upgrades
Digicel has advised of interruptions to service in certain areas over the next few days as they are in the final phase of their major mobile network upgrade, which will will cause limited periods of disruption to existing services in some locations as they complete installation and testing. A spokesperson said, “We are in the final phases of our... Read more of this article
City Of Hamilton Announce ‘Reid Street Revamp’
The City of Hamilton announced a ‘revamp’ of Reid Street, saying that “street buskers will add entertainment to the scene,” while “added outdoor seating is aimed at encouraging the public to enjoy their time in the sunshine.” They noted that there “will be a loss of some parking bays and adjustments to some... Read more of this article
Marine Expo Profile: Lionfish Task Force
In the sixth in a series of profiles of vendors who will be taking part in the St. George’s Marine Expo on Sunday, April 23rd, we spotlight Bermuda Lionfish Task Force. 1. What is the name of your organization? We are the Bermuda Lionfish Task Force. 2. What does your organization specialize in? The Bermuda Lionfish Task Force is a mechanism to... Read more of this article
