Category: Business
Plenum Launches ILS Fund With Sequant Re
Plenum announcef the launch of a new high yielding ILS Fund that will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant Re. The new fund will complement Plenum’s current ILS offering and bring to the investment community access to a greater variety of reinsurance transactions... Read more of this article
Guardian: “Quicker Access To Offshore Records”
The UK crime agency is demanding quicker access to the corporate records of “secretive offshore companies” in Britain’s overseas territories including Bermuda, according to a report by the Guardian. The article said, “The UK crime agency is demanding quicker access to the corporate records of secretive offshore companies in Britain’s... Read more of this article
Photos: Union Gas Re-Opens After Renovations
The Bermuda Industrial Union’s gas station re-opened on Friday after undergoing three months of renovations, and the BIU welcomes everyone to “come by and check us out.” A statement on the BIU’s website said, “Union Gas re-open its doors to the public Friday, April 8th at 7am after three months of much needed renovations.... Read more of this article
RIMS: Solvency II & Bermuda’s Global Reputation
Bermuda’s insurance industry reputation and its recent seal of regulatory approval under Europe’s Solvency II regime promise to be key topics for discussion at this week’s Risk and Insurance Management Society [RIMS] annual conference and exhibition in San Diego. Close to 200 representatives of Bermuda’s re/insurance industry and affiliates... Read more of this article
Bermuda Stock Exchange Report: April 8 2016
Today [April 8] saw 9,900 shares trade on the Bermuda Stock Exchange, valued at $38,459.00 BD. 8,000 shares were traded by Argus Group Holdings Ltd, closing down 1.3% at $3.95 per share, while the other 1,900 shares were traded by KeyTech Ltd, closing down 1.1% at $3.61 per share. The BSX finished at 1,174.10, down 0.13% on the day. There were 0 advances,... Read more of this article
BEDC: Access Alternative Sources Of Financing
The Bermuda Economic Development Corporation [BEDC] will host the Accessing Alternative Financing Seminar to help entrepreneurs understand how to get access to other forms of financing. The seminar will be held at the Bermuda Underwater Exploration Institute on Tuesday, April 19th, 2016 from 8:30am – 11:30am. The BEDC said, “In Bermuda, most... Read more of this article
Website Accepts Card Payments For Payroll Tax
The Office of the Tax Commissioner has advised that their online payment system has been enhanced to enable people to use their Visa, Mastercard and American Express to pay their payroll tax online. A spokesperson said, “The Office of the Tax Commissioner advises that the E-Tax system has been enhanced to enable tax payers to use their Visa,... Read more of this article
Bloomberg Report: “Hong Kong’s Bermuda Bent”
About 45 percent of the market capitalization of the Hang Seng Index consists of companies whose registered offices are in the Cayman Islands or Bermuda, according to a story by Bloomberg. The article — entitled “Hong Kong’s Bermuda Bent” – said “As this week’s release of the Panama Papers has shown, most investors... Read more of this article
Dr. Josh Hjartarson To Speak At Chamber Lunch
The Bermuda Chamber of Commerce announced this year’s Annual General Meeting keynote speaker, Josh Hjartarson Ph.D., Vice President, Public Sector KPMG. Dr. Hjartarson will be in Bermuda to attend the AGM Luncheon to be held at the Hamilton Princess in the Harbouview Ballroom on Friday, April 15, 2016 from 12:30 to 2:00 p.m. Dr. Josh Hjartarson will... Read more of this article
Allied World Launches Product Recall Insurance
Allied World Assurance Company Holdings, AG announced that its Product Recall insurance products are available in Canada and the United States, as part of the Global Crisis Management Division. The Product Recall insurance offers both First Party and Third Party coverage and it allows clients to mitigate the risk of recall expenses, adverse publicity... Read more of this article
Column: Stop Being Sanctimonious, Fix Problem
[Opinion column written by David Tavares] My fellow Bermudians, we are who we are! Our island home consists of a group of people, organized to provide services, both locally and internationally, to our customers [individual or corporate]. Our leaders, both in the public and business sectors of our island home community have, in the past and present,... Read more of this article
Bermuda Stock Exchange Report: April 7 2016
Today [April 7] saw 101,700 shares trade on the Bermuda Stock Exchange, valued at $171,792.00 BD. 100,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.6% at $1.64 per share, while the other 1,700 shares were traded by Ascendant Group Limited, closing even at $4.41 per share. The BSX finished at 1,175.62, down 0.37% on the day.... Read more of this article
