Category: Business
ACEA’s Shane Mora Offers Insight Into Position
Shane Mora, Branding Manager for the America’s Cup Event Authority [ACEA], recently discussed the opportunities the position has afforded him, saying “as a Bermudian, it gives me a great sense of pride to know that I will play a role in showcasing Bermuda to the world.” What is your responsibility for the ACEA and its events? I develop... Read more of this article
ARC Ltd Appoints Former IFC Director As CEO
The African Risk Capacity Insurance Company Limited [ARC Ltd] announced the appointment of former IFC Director Ms Dolika Banda as Chief Executive Officer, effective from 7 September 2016. She will take the reins from Dr Simon Young, who was appointed CEO in 2014 after playing a leading role in the development of the ARC programme. He will continue... Read more of this article
Q2: Validus Provides Initial Estimate Of Losses
Bermuda-based Validus Holdings, Ltd. provided an initial estimate of Validus’ net losses from second quarter 2016 notable and non-notable loss events. Validus expects to record losses from these events, net of reinsurance and retrocessional recoveries, noncontrolling interest and reinstatement premiums, in the amount of $60 million. The above estimates... Read more of this article
Butterfield June 2016 Treasury Shares Buy Back
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June 2016, the Bank purchased for Treasury 205,048 Common Shares at an average price of $1.614 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related Stories Butterfield Announce... Read more of this article
Bacardi & Music Producer Swizz Beatz Team Up
Bermuda-headquartered Bacardi and multiplatform artist Swizz Beatz have joined forces to deliver events and marketing in what the company said will be “exciting and new ways.” “In a multi-year agreement, Bacardi has named the multifaceted entrepreneur, artist, art collector and Grammy award-winning music producer Global Chief Creative... Read more of this article
Bermuda Stock Exchange Report: July 11 2016
Today [July 11] saw 14,170 shares trade on the Bermuda Stock Exchange, valued at $26,085.06 BD. 58,836 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.7% at $1.70 per share, while the other 5,000 shares were traded by KeyTech Ltd, closing even at $3.00 per share. The BSX finished at 1,225.28, up 2.25% on the day. There was 1 advance,... Read more of this article
Increase In Number Of Real Estate Transactions
For the third consecutive year, there has been an increase in the number of property transactions in Bermuda and it is the first time in 5 years that property transactions have climbed over 300, Coldwell Banker Bermuda Realty said. In their July 2016 sales market update, the company said, “For the third consecutive year, we have seen an increase... Read more of this article
Bermuda To Host Aviation Conference In October
Bermuda will host the island’s first aviation industry conference later this year, attracting air-finance and aircraft registration experts from around the world, the Bermuda Business Development Agency announced today. The sixth annual Offshore Aircraft Registration event, hosted by aviation summit organiser AeroPodium at the Hamilton Princess &... Read more of this article
Photos: Hayward’s Liquor Now Open In Warwick
The Phoenix Stores has added Hayward’s Liquor Store to its group, saying that “when the opportunity presented itself, we immediately jumped at the prospect of investing in this location.” Located in the Hayward’s Building at 49 Middle Road in Warwick, Hayward’s Liquor Store has reclaimed its name, undergone extensive renovations and... Read more of this article
Legislated Obligations: Employers To Employees
The Chamber of Commerce is hosting a panel discussion on 15th July 2016 in collaboration with the Bermuda Health Council, Department of Social Insurance [DOSI], the Pension Commission and the Health Insurance Department [HID] about the legislated obligations of employers to their employees. “The discussion includes an overview of employer responsibilities... Read more of this article
Photos: Port Royal Gas Station Appreciation Day
The Esso Service Station at Port Royal held a Customer Appreciation Day on Saturday afternoon, with the service station offering free giveaways, food, face painting, music, Gombeys and more. The event was held to both thank the public for their continual support and to celebrate their recent award, with the business recently winning the Gold Retailer... Read more of this article
PartnerRe Makes Series Of New Appointments
Bermuda-based PartnerRe has announced a series of appointments, following the reorganization of its business units announced on June 30, 2016. As previously announced, PartnerRe has restructured its business units in order to better align its global expertise with the needs of its clients and brokers. As a result of the changes, which took effect on... Read more of this article
