Category: Business
Skin Cremes & Soaps Feature Local Ingredients
Felica DeRoza, the owner and creator of Butterfli Natural Skin Cremes and Soaps, is enjoying success with her beauty products, which utilize local ingredients, with goat’s milk, aloe vera, and loquats among the natural local ingredients incorporated in the line. When asked how long she has been making and selling products, Ms. DeRoza told Bernews,... Read more of this article
Bermuda Stock Exchange Report: Feb 20 2017
February 20 saw 171,176 shares trade on the Bermuda Stock Exchange, valued at $1,356,901.75 BD. 130,000 shares were traded by Argus Group Holdings Ltd, closing down 4.2% at $4.55 per share, while another 36,176 shares were traded by BF&M Ltd, closing down 1.2% at $20.50 per share. 5,000 shares were traded by Polaris Holding Co. Ltd, closing up 17.3%... Read more of this article
Bermuda Office Recognised For Volunteer Efforts
The Bermuda office of Marsh and Guy Carpenter was recently recognised for its charitable efforts in 2016 by Marsh & McLennan Companies, Inc., which named Bermuda among the top five countries for colleague volunteering. Marsh and Guy Carpenter are operating companies of Marsh & McLennan, a global professional services firm serving clients in... Read more of this article
Beech Appointed Assistant Financial Controller
Bermuda Aviation Services Limited [BAS] announced the appointment of Jennifer Beech as Assistant Group Financial Controller. In the new role, Ms Beech will be a technical resource and supervise day-to-day finance operations for BAS Group subsidiaries, in addition to the execution of special projects. Ms Beech, a Bermudian, joins BAS from the Enterprise... Read more of this article
Fitch Ratings: Solvency II Will Increase Demand
Reinsurers’ trading updates following the crucial January renewals period reinforce their view that Solvency II [S2] will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. “The main beneficiaries are likely to be the financially strongest... Read more of this article
A.M. Best On Shifting Tides In Global Regulation
Regulatory risk is growing for reinsurance companies, which could represent a mix of favorable and unfavorable changes for offshore domiciles should U.S. tax reforms be adopted, according to a new A.M. Best briefing. The Best’s Briefing — titled “Shifting Tides in Global Regulation Present Challenges and Opportunities” — states... Read more of this article
Qatar Re Announces Changes To Leadership
Qatar Re announced the promotions of Luke Roden and Michael van der Straaten to Chief Underwriting Officer [CUO] positions. Previously they were Deputy CUOs to Alastair Speare-Cole, who resigned earlier this month. Gunther Saacke, CEO, said: “We thank Alastair for his relentless efforts during his stint at Qatar Re. Generational change in our company... Read more of this article
Enstar To Sell Pavonia To Global Bankers
Enstar Group Limited has entered into an agreement to sell its subsidiary Pavonia Holdings [US], Inc. for a total purchase price of $120 million to an affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global, LLC. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company... Read more of this article
Govt Policy Review On Free-To-Air Broadcasting
Developments over the past decade have affected how consumers access news, information and entertainment, and light of these changes, a review of the Government’s existing policies and legislation relating to free-to-air broadcasting will take place, Minister of Economic Development Dr Grant Gibbons said in the House of Assembly. Minister Gibbons... Read more of this article
Photos: 2017 Coldwell Banker Home Show
Coldwell Banker Bermuda Realty is hosting its 14th annual Coldwell Banker Home Show at CedarBridge Academy this weekend with the event wrapping up at 4.00pm today [Feb 18]. Businesses and community service groups have joined to display their products and services. Visitors can expect to play games to win prizes or discounts, door prizes, food, and much... Read more of this article
Minister: Meetings With NASA & Satellite Industry
Speaking in the House of Assembly, Minister of Economic Development Dr Grant Gibbons provided an overview on meetings he attended in Washington DC, where he discussed a number of topics including the relationship between NASA and Bermuda, the Cybersecurity framework, satellite networks and more. The Minister said, “While in Washington, I also... Read more of this article
Court Rules In Favour Of Retired BELCO Workers
Over 100 retired BELCO employees brought legal action over a change to their health insurance policies, with the Court ruling that none of the other options offered by BELCO would satisfy the Promise the company had made to them, adding that the Plaintiffs seek an order that BELCO shall continue to honour the terms of the Promise and “they shall... Read more of this article
