Category: Business
Businesses Provide Internships For Students
The Department of Workforce Development and the Department of Education Career Pathways have partnered with Bermuda International Long Term Insurers and Reinsurers [BILTIR] to create a summer internship programme for high school students from The Berkeley Institute and CedarBridge Academy. Nine BILTIR member companies are participating in the summer... Read more of this article
Randall & Quilter Completes Acquisition Of SAC
Randall & Quilter Investment Holdings Ltd. [R&Q] announced the acquisition of Agency Program Insurance Company [SAC] Limited from its diverse base of predominately individual shareholders. APIC is registered as a Class 3 insurer and was incorporated under the laws of Bermuda on January 4, 2005. “The Company, which currently has 28 cells,... Read more of this article
Bermuda Stock Exchange Report: July 18 2016
Today [July 18] saw 7,083 shares trade on the Bermuda Stock Exchange, valued at $16,190.70 BD. 5,872 shares were traded by Bank of N.T. Butterfield, closing even at $1.65 per share, while the other 1,211 shares were traded by Ascendant Group Limited, closing up 1.9% at $5.45 per share. The BSX finished at 1,203.76, up 0.08% on the day. There were 1... Read more of this article
Schrum Recognised In Powerwomen Awards
Vanessa Schrum, Partner and Group Head of Appleby’s Private Client and Trusts practice in Bermuda has been shortlisted for Citywealth’s prestigious Powerwomen Award 2017. Ms. Schrum is nominated for the Woman of the Year Award in the Leadership Professional Services category and is the only lawyer in Bermuda nominated in any category. The Citywealth... Read more of this article
Column: Creating A Net Worth Statement
[Written by Carla Seely] How’s your financial health? To better understand where your finances stand today and how you can start planning for tomorrow, you need to compare what you own [your assets] to what you owe [your liabilities]. Where do you start? Firstly, you do not need a fancy program, a simple excel spreadsheet will work just fine.... Read more of this article
Fourteen Students Set To Intern With Conyers
Fourteen students will intern with Conyers over the course of two six week terms, working alongside partners, associates and trainees and participating on active deals and cases in the Corporate, Litigation and Private Client and Trust practice areas. This experience aims to provide students with “the opportunity to have real influence in a challenging... Read more of this article
A.M. Best Affirms Ratings Of IGI And Subsidiaries
Insurance and reinsurance rating agency A.M. Best has affirmed the financial strength rating of A- [Excellent] and the issuer credit rating [ICR] “A-” of International General Insurance Company Limited [IGI] [Bermuda] and International General Insurance Company [UK] Limited [IGI UK] [United Kingdom]. The news follows rating agency Standard &... Read more of this article
National Certification For Designate Occupations
Speaking in the House of Assembly on Friday [July 15], Minister of Home Affairs Patricia Gordon-Pamplin outlined the work being done regarding the national certification for designate occupations. The Minister said, “One of the primary responsibilities of the National Training Board is to prepare certain trade professionals to achieve the title... Read more of this article
Argo Provides Q2 Preliminary Loss Estimates
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced preliminary pre-tax loss estimates from catastrophes of $23 million, net of reinsurance and reinstatement premiums for the three-month period ended June 30, 2016. “Catastrophe losses in the quarter are... Read more of this article
CPI: Inflation Was Unchanged In May 2016
Consumers paid 1.1% more in May 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation was unchanged from the level measured in April 2016. This is according to the Consumer Price Index report, which said, “Between April 2016 and May 2016, the average cost of goods... Read more of this article
Bermuda Hotel Association Annual Meeting Held
The Bermuda Hotel Association [BHA] hosted its Annual General Meeting on Friday, July 8 at the Grotto Bay Beach Resort. As part of the meeting, the BHA scholarships were awarded to four recipients, with Yahni Durham, Ramsay Saggar, Kayla Williams, and Sajni Richardson each awarded $5,000. A spokesperson said, “Mr. JP Martens during his President’s... Read more of this article
BUEI Talks: “Bridging Worlds” By Audette Exel
The Bermuda Underwater Exploration Institute [BUEI] is getting set to present “Bridging Worlds” by Audette Exel on Monday, July 18 at 7.30pm. The event poster says, “The Adara Group [formerly the ISIS Group] is well known in Bermuda, where it was born more than 18 years ago. From its tiny beginnings, Chair, Audette Exel, has led a... Read more of this article
