Category: Business
The Queen Group Launches Its Latest Venture
The Queen Group of Companies has announced that Island Shippers has signed a new partnership deal with Florida-based Caicos Caribbean Lines LLC, effective October 6, 2016. The new home of Island Shippers is 6 Hermitage Road in Devonshire, with administration offices located on the third floor of Cedar House at 41 Cedar Avenue in Hamilton. The new “ship... Read more of this article
Qatar Re Branch Licence Approved In Singapore
Qatar Re — which is headquartered in Bermuda — announced that the Monetary Authority of Singapore [MAS] has granted the Company a licence to operate a branch office in Singapore. The licence became effective as of October 3rd, 2016. Micky Lee, previously in charge of Qatar Re’s representative office in Singapore, will become the Principal... Read more of this article
Bermuda Stock Exchange Report: Oct 6 2016
October 6 saw 275 shares trade on the Bermuda Stock Exchange, valued at $6,806.25 BD. 275 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.0% at $24.75 per share. The BSX finished at 1,594.64, up 0.71% on the day. There were 2 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Success Workshops For Women In Business
Jan Fraser Training is offering two success workshops for women who want to advance their careers or grow their business through professional and personal development. A spokesperson said, “The first, “How She Does It” is being held on Tuesday October 18th, from 9am to 1pm. “Attendees will discover the secrets to how Bermuda’s most... Read more of this article
KFC Teams Up With Red Cross For Halloween
Following the success of last year’s Halloween promotion, KFC announced that they will once again partner with Bermuda Red Cross to sell Treat Voucher booklets at their Queen Street, Hamilton location. A Red Cross spokesperson said, “Bermuda Red Cross is thrilled to be partnering with KFC again this year. “While the traditional giving... Read more of this article
Bermuda Media Council Appoints Don Burgess
News veteran Don Burgess has been appointed the Executive Officer for the Media Council of Bermuda. “He succeeds Jeremy Deacon, who took on the role after the Council’s first Executive Officer, Meredith Ebbin, stepped down two years ago,” the Media Council said. “Mr. Burgess has a wealth of journalistic experience; he was with the... Read more of this article
Bermuda Asset Management Event In New York
Economic Development Minister Dr Grant Gibbons led a delegation of industry and Bermuda Business Development Agency [BDA] representatives to New York this week to highlight recent developments in Bermuda’s asset management sector. A presentation and networking event organised by the BDA in Manhattan’s Flatiron/Chelsea district saw a turnout of close... Read more of this article
Blue Marble Launch First Venture In Zimbabwe
Blue Marble Microinsurance — a consortium of eight companies established in 2015 with the aim of creating a market for microinsurance — announced the launch of their first venture in Zimbabwe. “While Blue Marble will initially pilot the venture in Zimbabwe to gain insights into how to make the insurance solution sustainable and impactful,... Read more of this article
Harneys Hires Litigation Lawyer Henry Tucker
Harneys announced the hire of litigation lawyer Henry Tucker at its Bermuda office, saying his practice encompasses all aspects of offshore commercial and civil litigation. He specialises in arbitration, insolvency and restructuring, and acting for high-net worth individuals in connection with cross-border trust and commercial disputes. The company... Read more of this article
Ascendant Share Buyback Program Sept 2016
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of September 2016 the company repurchased 17,600 common shares at an average price of $6.00. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Celebrates... Read more of this article
Bermuda Stock Exchange Report: Oct 5 2016
October 5 saw 5,472 shares trade on the Bermuda Stock Exchange, valued at $100,199.90 BD. 4,758 shares were traded by BF&M Ltd, closing even at $18.05 per share, while another 414 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $24.50 per share. 300 shares were traded by Somers Limited, closing up 5.8% at $13.75 per share. The... Read more of this article
Endurance Credit Ratings Placed Under Review
Following the confirmation that they will be acquired by Tokyo-based Sompo Holdings, A.M. Best has placed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Endurance Specialty Insurance Ltd. and its rated affiliates under review with positive implications. Concurrently, A.M. Best... Read more of this article
