Category: Business
Lindo’s Donates $100K For Radiation Centre
The Lindo’s Group of Companies donated $100,000 in support of the Bermuda Cancer and Health Centre’s Radiation Therapy Initiative, which is due to open mid 2017 and will provide treatment for cancer patients and symptom relief for palliative care patients. Judy White, Vice Chairman of the Board of Directors, Bermuda Cancer and Health Centre,... Read more of this article
BII To Host Student Recognition Luncheon
Over 100 local insurance students will be recognized for their achievements at the Bermuda Insurance Institute’s [BII] annual Student Recognition Luncheon. Bradley Kading, President and Executive Director of the Association of Bermuda Insurers and Reinsurers [ABIR], will give the keynote speech. All the students have earned designations in one or... Read more of this article
Conyers Dill & Pearman Promote Chiara Nannini
Conyers Dill & Pearman announced that Chiara Nannini has been appointed to Director in the corporate department of their Bermuda office. “We congratulate Chiara on her promotion. Her talent and commitment have been invaluable assets to our Firm,” said Narinder Hargun, Director & Co-Chairman. Nannini joined Conyers in 2008. Her practice... Read more of this article
Clarien Bank Net Profit Increases To $1.2M
Clarien Bank Limited, a wholly-owned subsidiary of Clarien Group Limited [CGL], announced a net profit for the year ended December 31, 2016 of $1.2m – a 133% increase over the previous 12 months. “During the past 12 months, Clarien has continued to make significant investments in its product offerings, technology, risk and operational infrastructures... Read more of this article
Column: Business CEOs, In Their Own Words
[Opinion column written by Ross Webber] I am expected to fly Bermuda’s reputational flag. As CEO of the country’s business development agency, it’s a given. As the Geico ad goes, “it’s what you do.” I’m a staunch defender and pro-active advocate for the jurisdiction. I genuinely believe in Bermuda’s undeniable value as a blue-chip international... Read more of this article
Castle Brands New Developments With Goslings
Castle Brands, a developer and international marketer of premium and super-premium branded spirits, announced that it has acquired an additional 20.1% stake in Gosling-Castle Partners Inc. [GCP], its strategic global export venture with the Gosling family. “GCP holds the exclusive long-term export and distribution rights for Goslings Rum and Goslings... Read more of this article
Aspen Estimate Impact of Ogden Rate Change
Aspen Insurance Holdings Limited announced the estimated financial impact of the recent U.K. Ministry of Justice decision to decrease the discount rate used to calculate lump sum awards in U.K. bodily injury cases, known as the Ogden rate. “Aspen expects to increase carried reserves for impacted lines of business by approximately $30 million,... Read more of this article
Bermuda Stock Exchange Report: March 31 2017
March 31 saw 8,320 shares trade on the Bermuda Stock Exchange, valued at $40,650.402 BD. 5,000 shares were traded by One Communications Ltd, closing even at $2.60 per share, while another 2,600 shares were traded by West Hamilton Holdings Ltd, closing down 7.5% at $6.01 per share. 512 shares were traded by BF&M Ltd, closing at an even $20.50 per... Read more of this article
Dr. Mark Britnell To Speak At Chamber AGM
The Chamber of Commerce announced that this year’s Annual General Meeting keynote speaker will be Dr. Mark Britnell, Chairman and Partner of the Global Health Practice at KPMG and author of In Search of the Perfect Health System. The AGM Luncheon will be held at the Hamilton Princess in the Harbourview Ballroom on Thursday, 6 April 2017 from 12:30pm... Read more of this article
Restaurant Weeks People’s Choice Winners
The winners of the People’s Choice Awards for Bermuda Restaurant Weeks 2017 have been awarded prizes for dazzling diners with their Bermuda-inspired cuisine. Lost in the Triangle [LITT] took the People’s Choice Award for lunch and Red Steakhouse came out on top in the jam-packed dinner category. Diners voted for their favourite Bermuda-inspired... Read more of this article
Bermuda Re/Insurers Fight Strong Undercurrent
“Despite its best efforts, negative trends in the results of Bermuda market insurers and reinsurers have become increasingly evident, with the average return on equity continuing a steady decline since 2013 to 7.0% in 2016,” according to a new A.M. Best briefing. The Best’s Briefing, titled, “Bermuda Market [Re]Insurers Continue To Fight... Read more of this article
Appleby: Bermuda Records 420 Deals In 2016
Bermuda accounted for one-fifth of all offshore deal value in 2016 and was home to two of the 10 largest deals of the year, according to a report released by law firm Appleby. The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions... Read more of this article
