Category: Business
BBC, Bernews Collaborate After Damaging Storm
Bernews will be sharing some of the Bermuda Broadcasting Company’s news reports online while their TV equipment undergoes urgent repairs, as local television news was knocked off the air by a lightning strike at the BBC’s Fort Hill headquarters earlier this week. Radio stations, Ocean 89, Power 95 and Inspire 105, are back on the air as are... Read more of this article
Riddell’s Bay To “Immediately Cease Operations”
[Updated] PwC have been appointed as joint provisional liquidators of Riddell’s Bay Golf and Country Club, and said the company has “insufficient cash to meet its operational costs” and “there is no alternative but to immediately cease operations.” The statement said, “Alison Tomb and Simon Conway of PwC were today appointed... Read more of this article
Bermuda Florists Demco And Petals Merge
Two of the island’s florists have combined forces, with Demco merging with Petals, saying that the merger will “offer clients greater accessibility to resources.” Mrs. Carmen Phillips, President of Demco, said, “The distinctive style and philosophy of Petals is a natural complement to the extensive floral services we already... Read more of this article
Column: Cross-Selling Our One-Stop Shop
[Opinion column written by Ross Webber] About a year ago, the BDA joined a couple of Bermuda-based global law firms for meetings in London—including a sit-down with a private-equity group. It is encouraging and rewarding when industry stakeholders adopt the “Team Bermuda” approach to business development, and this particular appointment promised... Read more of this article
A.M. Best Affirms Ratings Of Third Point Re
A.M. Best has affirmed the financial strength rating of A- [Excellent] and the issuer credit ratings [ICR] of “a-” of Third Point Reinsurance Company Ltd. and Third Point Reinsurance Ltd. A.M. Best also has affirmed the ICRs of “bbb-” of Third Point Re Holdings, Inc. and the ultimate holding company, Third Point Reinsurance Ltd. Concurrently,... Read more of this article
Bermuda Stock Exchange Report: March 30 2016
Today [March 30] saw 70,300 shares trade on the Bermuda Stock Exchange, valued at $245,595.00 BD. 50,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.69 per share, while another 5,000 shares were traded by BF&M Ltd, closing up 1.5% at $17.25 per share. The other 15,300 shares were traded by Ascendant Group Limited, closing... Read more of this article
Perot Post Office Closed For Rest of Day
The Bermuda Post Office [BPO] advised the public that the Perot Post Office will be closed for the remainder of the day. “The BPO regrets this inconvenience but thanks the public for its patience and understanding,” a spokesperson said. Related Stories Delegation Attends Universal Postal Congress ‘Increased Security Measures’... Read more of this article
Catalina To Acquire AGF Insurance From Allianz
Catalina Holdings [Bermuda] Ltd announced that its wholly owned subsidiary Catalina Holdings UK Limited has signed a definitive agreement to acquire AGF Insurance Limited from AGF Holdings [UK] Limited, a subsidiary of Allianz SE. AGF is a UK regulated insurance company incorporated in 1960. It wrote predominantly direct Employers and Public liability... Read more of this article
Bermuda Stock Exchange Report: March 29 2016
Today [March 29] saw 20,000 shares trade on the Bermuda Stock Exchange, valued at $80,000.00 BD. All 20,000 shares were traded by Argus Group Holdings Ltd, closing even at $3.75 per share. The BSX finished at 1,195.64, also even on the day. There were 0 advances, 0 declines, and 62 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BBC Suffer Outages Due To Inclement Weather
The Bermuda Broadcasting Company said they suffered outages on all their stations this morning [March 29] after the Fort Hill area of Prospect was “saturated with electricity from powerful lightening strikes.” “Staff at the BBC have worked diligently to restore broadcasting services to the island. The company has already brought its... Read more of this article
Fireminds Hires New Chief Technology Officer
Bermudian owned technology company, Fireminds Ltd., continues to expand their staff. Yevgeniy Gerassimov [pictured] has joined Fireminds as the Chief Technology Officer and Jim Nairn has come onboard as the Procurement Manager. Mr. Gerassimov, who has been living and working in Bermuda for the past fifteen years, joins the Fireminds team with 25 years... Read more of this article
New ABIC/PwC Scholarship Awards Announced
The Association of Bermuda International Companies [ABIC] and PwC Bermuda today [March 29] announced new financial awards for Bermudians studying accounting. The ABIC PwC Award is valued at $15,000 per annum for two years [undergraduate] or $20,000 for one year [graduate] and is available to Bermudians studying accounting at college or university. In... Read more of this article
