Category: Business
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 8 2026 Bermuda Stock Exchange Report: Jan 7 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
XL Group Ltd 2016 Letter To Shareholders
“We now see exactly the company we’re trying to build creating the difference that it can in the marketplace. We believe we can now drive that result to the bottom line and therefore into rewards for our shareholders,” XL Group Ltd CEO Mike McGavick says in the Company’s 2016 Letter to Shareholders, which is available here. The digital document... Read more of this article
Bermuda Stock Exchange Report: April 10 2017
April 10 saw 2,600 shares trade on the Bermuda Stock Exchange, valued at $70,500.00 BD. 1,600 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.3% at $31.25 per share, while another 1,000 shares were traded by BF&M Ltd, closing even at $20.50 per share. The BSX finished at 1,934.48, down 1.71% on the day. There were 0 advances,... Read more of this article
Primary Food & Beverage Suppliers For AC
Five local companies have been announced as the primary vendors of food and beverage in the America’s Cup Village. Rosa’s Cantina will provide traditional event food including their Bermuda fish sandwich and burgers, Bermuda Pie Company will serve an array of pies and healthy salads and side dishes, JB’s Woodfired Pizza will have their specialty... Read more of this article
Caroline Bay Residences For Sale From $2.5M
Coldwell Banker Caroline Bay officially launched their local marketing strategy on 4th April 2017 and have introduce the first phase of the Caroline Bay, Bermuda development – The Cove, a Ritz Carlton Reserve Residence. “The initial phase is well under construction, situated directly on the beach and offering buyers the choice of 2 and 3... Read more of this article
Bacardi One Of ‘Most Reputable Companies’
Bermuda-headquartered Bacardi Limited, the world’s largest privately held spirits company, has once again been named among the most reputable companies in the world, per the annual Global RepTrak 100 list compiled by the Reputation Institute [RI] and published in Forbes. Ranked at #84, up eight spots from the previous year, this is the fifth... Read more of this article
US Weather Expected To Cost Insurers $2B
Impact Forecasting, Aon Benfield’s catastrophe model development team, launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during March 2017. The report reveals that an extremely active period for severe weather persisted in the United States... Read more of this article
