Category: Business
Bermuda Seniors Centre To Hold Tag Day
The Bermuda Senior Islanders’ Centre was chosen by the staff of RUBiS to celebrate their anniversary with a ‘Fuelling 4 a Cause Tag Day’ on Friday, February 24 at ten of RUBiS’ gas stations A spokesperson said, “The Bermuda Senior Islanders’ Centre, Registered Charity Number 663, has coordinated community services to seniors from Admiralty... Read more of this article
RenaissanceRe Declare Quarterly Dividend
The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. voted to increase the Company’s quarterly dividend to $0.32 per common share, from $0.31 per common share. The Company has increased its dividend during each of the twenty-two years since its initial public offering. The dividend is payable onMarch 31, 2017 to shareholders of... Read more of this article
Bermuda Stock Exchange Report: Feb 23 2017
February 23 saw 1,200 shares trade on the Bermuda Stock Exchange, valued at $15,400.00 BD. 1,000 shares were traded by Bermuda Press [Holdings] Ltd, closing up 26.8% at $9.00 per share, while another 200 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $32.00 per share. The BSX finished at 1,958.57, up 0.13% on the day. There was... Read more of this article
Garrod: Dealing With Heightened Uncertainty
The election of Donald Trump as US President is causing anxiety in many business circles, and Bermuda is not exempt from these challenges, Bermuda lawyer Charis Garrod has said. Mr. Garrod, a partner in the Bermuda office of law firm Conyers Dill and Pearman told Global Reinsurance that notwithstanding these challenges, he believes that Bermuda should... Read more of this article
BSX Launches Investor Education Programme
The Bermuda Stock Exchange [BSX] today [Feb 23] announced the launch of its new Investor Education Programme ‘Own your share of Bermuda’. In making the announcement BSX President & CEO Greg Wojciechowski noted, “As part of the Exchange’s ongoing commitment to the continued development of the domestic capital market the BSX has, in conjunction... Read more of this article
ACBDA Planning Application: Temporary Dock
America’s Cup Bermuda [ACBDA] has filed a planning application for the construction of a temporary dock located adjacent to Kindley Field. The planning application says in part, “Proposed construction of a temporary dock located adjacent to Kindley Field Road, close to the junction with the Causeway. “Consisting of a T-shaped floating... Read more of this article
Butterfield Bank: Pricing Of Secondary Offering
The Bank of Butterfield today [Feb 23] announced the pricing of a registered secondary offering by certain selling shareholders of 9,555,794 of Butterfield’s voting ordinary shares at a price to the public of $31.75 per share. “Butterfield will not receive any of the proceeds from the sale of the shares,” the Bank said. “The shares... Read more of this article
Startup Weekend To Help Form New Businesses
Bermuda’s fourth Startup Weekend is taking place on February 24th – 26th at the Bermuda High School in Hamilton, and over the course of the weekend, teams will take innovative business ideas from concept to launch. “Startup Weekend is a globally recognized, non-profit, community-building event that is open to entrepreneurs of different backgrounds,”... Read more of this article
Bermuda Stock Exchange Report: Feb 22 2017
February 22 saw 54,776 shares trade on the Bermuda Stock Exchange, valued at $260,712.00 BD. 52,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.55 per share, while another 2,000 shares were traded by One Communications Ltd, closing even at $2.50 per share. 500 shares were traded by BF&M Ltd, closing at an even $20.50 per share,... Read more of this article
XL Group: Porrino To Retire, Robb Appointed
XL Group Ltd announced that Group Controller Stephen Robb will succeed Peter Porrino as Chief Financial Officer, following Mr. Porrino’s retirement, effective May 1, 2017. Mr. Porrino will continue with the Company on a part-time basis, working as an advisor to Chief Executive Officer Mike McGavick. Since joining the Company in 2004, Mr. Robb has... Read more of this article
Bermuda Tourism Win 4 Travel Industry Awards
Bermuda won multiple awards on Tuesday [Feb 21] at a major travel industry awards presentation, picking up four trophies for marketing excellence including the night’s final prize: Best of Show Public Relations. The Hospitality Sales and Marketing Association International [HSMAI] presented its Adrian Awards in New York City last night and the Bermuda... Read more of this article
Digicel To Reduce Global Workforce By 25%
As part of their “global transformation programme,” Digicel Group will be reducing their global workforce by approximately 25% over the next 18 months, with the first step being the “offer of an Enhanced Voluntary Separation Programme opening on 1st March 2017.” Digicel Group operates in 31 jurisdictions worldwide, including... Read more of this article
