Category: Business
Insurance Interns Head Overseas For Programs
Twelve Bermudian undergraduates left for Atlanta, Chicago, and London this past weekend in order to start their two week BFIS ‘Intro‐to‐insurance’ summer intern programmes. Each team of four students will be “learning in depth about all aspects of the insurance business.” Traveling to Atlanta were Chelsy Furtado [accounting/Acadia],... Read more of this article
Bermuda Stock Exchange Report: July 4 2016
Today [July 4] saw 2,214 shares trade on the Bermuda Stock Exchange, valued at $3,762.96 BD. All 2,214 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.7% at $1.70 per share. The BSX finished at 1,215.10, up 2.27% on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available Read More →
BELCO: Ensure Contact Information Up To Date
In its continued efforts to provide the most efficient response possible during outages, BELCO is asking customers to review their most recent electricity bill to ensure contact information is up to date and accurate. “During outages, especially those related to storms and hurricanes, customers are often directed to call 955 during the restoration... Read more of this article
Photos: Exhale Spa’s Roof Wetting Ceremony
The Hamilton Princess and Beach Club recently held a traditional Bermuda roof wetting ceremony to celebrate the opening of their new spa, which offers some 5,400 square feet of spa space, and an array of spa services including some unique to Bermuda, such as the Rum Swizzle Scrub which incorporates premium aged rum. Wetting the roof with Gosling’s... Read more of this article
Limited Liability Company Act 2016 Tabled
Economic Development Minister Dr Grant Gibbons tabled the Limited Liability Company Act 2016 in the House of Assembly on Friday, saying the “Bill is a significant piece of legislation which will establish the first new commercial structure in Bermuda in more than 100 years.” Minister Gibbons said, “With the enactment of this legislation,... Read more of this article
BAS Group Report Earnings Of $2.8 Million
Bermuda Aviation Services Limited announced net earnings attributable to shareholders of $2.8 million for the year ended March 31, 2016. This compares to net income of $471,000 for the corresponding period in 2015. “The Group has posted total consolidated net revenues of $39.4 million, down from $40 million in the prior year. Gross profit is $15.5... Read more of this article
Appleby Lawyers Recognized In Chambers HNW
Keith Robinson, Partner in Appleby’s Dispute Resolution practice group in Bermuda, was recently top ranked, in Band 1, in the inaugural Chambers and Partners’ High Net Worth [HNW] Guide 2016. Also recognised is Appleby’s Vanessa Schrum, Partner and Group Head of the Bermuda Private Client and Trusts practice group and Bermuda Senior Associate... Read more of this article
Video: Glassblowing Is Back In Dockyard
After a four-month, $900,000 refurbishment, glassblowing is back at the Royal Naval Dockyard. The glassblowing building closed earlier this year for extensive renovations by the West End Development Corporation, which included a new roof and windows as well as moving the furnace from the centre of the building. Now Dockyard Glassworks owners Wendy Sherwood-Avery... Read more of this article
Beechwood Renames Old Mutual Bermuda
Beechwood Bermuda announced the renaming of Old Mutual [Bermuda] to Beechwood OMNIA as “part of its commitment to providing international investors with access to guaranteed investment plans.” “The renamed Beechwood OMNIA, which has been integrated into Beechwood’s existing platform, includes clients from approximately forty distribution... Read more of this article
Bermuda Stock Exchange Report: June 30 2016
Today [June 30] saw 20,035 shares trade on the Bermuda Stock Exchange, valued at $73,351.16 BD. 15,875 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.62 per share, while 1,800 shares were traded by Argus Group Holdings Ltd, closing up 0.1% at $4.05 per share. The other 2,360 shares were traded by BF&M Ltd, closing at an... Read more of this article
BELCO Files Integrated Resource Plan With EC
BELCO has today submitted an Integrated Resources Plan [IRP] to the Energy Commission, saying that the “IRP is a technical and economic analysis of future energy mix options for Bermuda aligning with the objectives of The National Electricity Sector Policy of Bermuda.” “Based on extensive analyses, the IRP suggests transitioning to... Read more of this article
Princess Completes $100M Renovation Project
[Updated with video] Hamilton Princess & Beach Club today [June 30] announces the completion of a $100 million, three-year renovation project that they said has added “luxury, contemporary features to the historic landmark property to meet the needs of today’s traveller.” This third, and last, phase introduced a new gym last month... Read more of this article
