Category: Business
Bermuda Stock Exchange Report: April 13 2017
April 13 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $13,750.00 BD. 5,000 shares were traded by One Communications Ltd, closing even at $2.75 per share. The BSX finished at 1,936.54, even on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF], and the full report... Read more of this article
Billionaire’s Former Bermuda House On Market
The former home of Canadian billionaire K.C. Irving — who is said to have moved to Bermuda in the 1970s to avoid death taxes – is up for sale, with an asking price of $1.9 million. At the time of his death, in 1992, the New York Times reported that the Canadian billionaire had a “vast oil and timber empire that shaped the economy... Read more of this article
BF&M Net Income For 2016: $14.4 Million
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited reported shareholders’ net income for the year ended 31st December 2016 of $14.4 million. The filing stated, “BF&M Limited today reported shareholders’ net income for the year ended 31st December 2016 of $14.4 million, resulting in a return on shareholders’ equity of... Read more of this article
Marine Expo Profile: Kinezumi Water Sports
In the first 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 Antwan Albuoy, the CEO of Kinezumi Water Sports. 1. What is the name of your company? Kinezumi Water Sports 2. What does your company specialize in? Our company specializes in thrill seeking adventurous water... Read more of this article
Video: Insurers & Reinsurers Explore New Paths
In a recent A.M.BestTV episode, Scott Mangan, senior financial analyst, A.M. Best, discusses a recent briefing that reviews market conditions for Bermuda-based insurers and reinsurers, including expansions into new coverages and sources of capital. “Some players are growing a little bit quicker than others,” said Mangan. “However, a lot of that... Read more of this article
Column: To Be Frugal Or Not To Be Frugal?
[Written by Carla Seely] The amount of money you have at your disposal is not always dependent on how much you earn. Whether you make a lot of money or you don’t, it is all about how you choose to spend your money that can make all the difference in the future. Earlier in the week my husband and I were driving to work and he said the “F” word…the... Read more of this article
Bermuda Stock Exchange Report: April 12 2017
April 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,936.54, 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: Jan 9 2026 Bermuda Stock Exchange Report: Jan 8 2026 Bermuda Stock Exchange Report:... Read more of this article
RenRe Estimate Ogden Rate Change Impact
Bermuda-based RenaissanceRe Holdings Ltd. announced the estimated impact of the U.K. Ministry of Justice’s recent announcement of a decrease in the discount rate used to calculate lump sum awards in U.K. bodily injury cases, known as the Ogden rate. Effective March 20, 2017, the Ogden rate changed from plus 2.5% to minus 0.75%, a decrease of... Read more of this article
Electronic Communications Division Formed
A new division of the Bermuda Chamber of Commerce has been formed with the aim of advancing the telecoms industry, placing customer interests at the fore. The Electronic Communications Division [ECD] of the Bermuda Chamber of Commerce is a forum for the island’s telecommunications companies to discuss common issues to assist in raising the standard... Read more of this article
Bermuda Stock Exchange Report: April 11 2017
April 11 saw 5,750 shares trade on the Bermuda Stock Exchange, valued at $17,225.00 BD. 5,700 shares were traded by One Communications Ltd, closing up 5.8% at $2.75 per share, while another 50 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.25 per share. The BSX finished at 1,936.54, up 0.11% on the day. There was 1 advance,... Read more of this article
Consumer Price Index: Inflation Was Unchanged
Consumers paid 1.9% more in February 2017 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation was unchanged from the 1.9% measured in January 2017. The Consumer Price Index report said, “Between January 2017 and February 2017, the average cost of goods and services in... Read more of this article
Column: Common Legal Issues With Property
[Written by Mathew Kelly] At the property legal clinic I held throughout March, I heard a range of issues from people who attended. Interestingly I found that many people raised the same two issues, namely lost title deeds and conflicts involving parental property. These two problems cannot be easily fixed, yet they can be easily avoided. I suspect... Read more of this article
