Category: Business
Seraina Maag Appointed Hamilton USA CEO
Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the US and at Lloyd’s, has appointed Seraina Maag to the position of Chief Executive Officer of Hamilton USA. Reporting to Hamilton Chairman and CEO Brian Duperreault, Ms. Maag will be responsible for overseeing the... Read more of this article
Roof Work & Building Improvements In Dockyard
Two Bermudian firms have been given contracts for work at The Royal Naval Dockyard to renovate more buildings, the West End Development Corporation [WEDCo] said today. Gray & Co will work on a roof replacement for buildings known as Detached Cottage 8 and 9 and RMS Construction will carry out building improvements to Detached Cottage 7a and 7b... Read more of this article
Solar Panels Installed At RUBiS Warwick Station
BE Solar has recently completed the installation of 64 SolarWorld solar electricity panels on the RUBiS Warwick Gas Station on South Shore. “The solar panels will provide Warwick Gas with a guaranteed 30-year supply of renewable energy thanks to SolarWorld’s industry leading warranty. The 17.92kW system will offset carbon dioxide emissions by... Read more of this article
Modblu Boutique Holds Grand Opening Event
Modblu Boutique recently held its official grand opening event, with a number of people in attendance, including Premier Michael Dunkley and a long line of customers. Owner Kristen Carreiro said, “The grand opening was a huge success. We had a great turnout for the night, which I was so grateful for as I know there were a ton of events on island... Read more of this article
July 2016: Retail Sales Increase By 1.0%
Retail sales in July 2016 increased 1.0% above the $104.1 million recorded in July 2015 – and when adjusting for the annual retail sales rate of inflation, measured at 0.3% in July, the volume of retail sales increased 0.7% — according to the recently released Retail Sales Index. “Five of the seven sectors experienced increases in sales revenue.... Read more of this article
BlackRock & Windward Enter Into Joint Venture
BlackRock Capital Investment Corporation and Windward Investments LLC have recently entered into an agreement to create BCIC Senior Loan Partners, LLC, a joint venture which is expected to make loans to portfolio companies. “The joint venture builds upon Windward’s experience and capabilities, providing access for investors to the middle market... Read more of this article
Information & Communication Technology Report
The 2015 Information and Communications Technology [ICT] report was released by the Department of Statistics, with the report generated using data from a sample of 1,500 businesses with a response rate of 87.2%. According to the report, the ICT sector contributed 3.6% or $213 million to GDP in 2015, between 2014 and 201 5employment of IT professionals... Read more of this article
Argo Appoints Jose Hernandez & David Harris
Bermuda-based Argo Group International Holdings, Ltd. announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations outside of the U.S. The appointment of Hernandez is effective October 3. “Argo Group has arrived at a critical point in its growth as a global... Read more of this article
Assured Guaranty To Acquire MBIA UK Insurance
Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], announced that its subsidiary Assured Guaranty Corp. [AGC] has entered into an agreement to acquire MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation [together with its subsidiaries, MBIA]. The parties expect the... Read more of this article
Bermuda Stock Exchange Report: Sept 30 2016
September 30 saw 6,403 shares trade on the Bermuda Stock Exchange, valued at $133,624.00 BD. 5,403 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $24.00 per share, while another 1,000 shares were traded by Argus Group Holdings Ltd, closing down 1.2% at $4.00 per share. The BSX finished at 1,564.72, up 0.66% on the day.... Read more of this article
Warwick Academy Winner In “Fuelling 4 A Cause”
Warwick Academy is “thrilled” to have been selected as a winner in the Rubis “Fuelling 4 a Cause” photo competition. A school spokesperson said, “They will receive $1,000 and have the chance to turn it into more funds. Anyone who buys gas at any of the Rubis stations between now and November 9 will receive a code and website to... Read more of this article
Consumer Price Index: Inflation Rose 0.8%
Consumers paid 1.6% more in July 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation rose 0.8 percentage points from the 0.8% measured in June 2016. The Consumer Price Index report said, “Between June 2016 and July 2016, the average cost of goods and services in the... Read more of this article
