Category: Business
Butterfield Introduce $2 ‘Statement Imaging’ Fee
Saying they adjust service fees “based on a variety of factors, including changes in customers’ channel usage preferences and associated transaction volumes,” the Bank of Butterfield has amended their fee structure, including introducing a $2 charge for “statement imaging.” A Bernews reader emailed in about the $2 charge, and... Read more of this article
AXIS Capital 2015 Q4 Net Income: $135 Million
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2015 of $135 million, or $1.39 per diluted common share, compared with net income of $164 million, or $1.60 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders for the full year... Read more of this article
Orange Bay Company Donates $5,000 To BCHC
Bermuda Cancer and Health Centre [BCHC] recently received a donation of $5,000 from the Hamilton-based Orange Bay Company, a seven-year-old furniture and apparel consignment operation. Orange Bay Company has raised over $80,000 in charitable funds since its inception in 2009 with the support of partnering organisations and individuals. The husband... Read more of this article
RenaissanceRe: Net Income Of $92.2 Million
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $92.2 million, or $2.09 per diluted common share, in the fourth quarter of 2015, compared to $170.8 million, or $4.42 per diluted common share, respectively, in the fourth quarter of 2014. Operating income available to RenaissanceRe common... Read more of this article
Bermuda Stock Exchange Report: Feb 2 2016
Today [Feb 2] saw 1,600 shares trade on the Bermuda Stock Exchange, valued at $19,780.00 BD. 1,000 shares were traded by BF&M Ltd, closing down 0.5% at $16.90 per share, while the other 600 shares were traded by Ascendant Group Limited, closing at an even $4.80 per share. The BSX finished at 1,236.36, down 0.05% on the day. There were 0 advances,... Read more of this article
Captive Conference Launches New Website
A new website launched for this year’s Bermuda Captive Conference billboards the event’s action-packed agenda, including its focus on the hottest industry topics, and outdoor events ranging from golf competitions and beach dinners to a nature walk and rum-tasting. Organisers of the 2016 conference, running June 13–15 at Fairmont Southampton Resort,... Read more of this article
Harneys Fiduciary Services Hires Kim Armstrong
Harneys said they are “pleased to announce further growth in Bermuda with the hire of Bermudian Kim Armstrong to its Bermuda Fiduciary Services group.” Ms Armstrong is a Senior Corporate Administrator with 16 years of experience in the corporate services industry. She specialises in incorporation, administration of Bermuda Exempted mutual... Read more of this article
Finding Financing For Your e-Business Seminar
The 7 part Inspire eBusiness workshops, sponsored by the Department of E-Commerce and coordinated by the Bermuda Economic Development Corporation, will continue on Wednesday, February 3rd. The informational seminar, which will cover “Finding Financing for Your eBusiness,” will take place at the Bermuda Chamber of Commerce from 5:30-7:00pm. Light... Read more of this article
Bermuda Stock Exchange Report: Feb 1 2016
Today [Feb 1] saw 4,500 shares trade on the Bermuda Stock Exchange, valued at $8,100.00 BD. All 4,500 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $1.80 per share. The BSX finished at 1,237.03, also even on the day. There were 0 advances, 0 declines, and 66 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Videos: Insurance Careers Month Launches
Insurance Careers Month, an industry-wide collaborative initiative, officially launched today [Feb 1] in the US, Bermuda and the UK, with Bermuda-based companies joining hundreds of insurers, brokers, agents and industry associations in raising awareness of career opportunities. “Hamilton Insurance Group CEO Brian Duperreault leads other CEOs,... Read more of this article
Civil Aviation Department Phone Out Of Service
The Bermuda Department of Civil Aviation said they wish to “advise the public that their telephones remain out of service.” “Repairmen have been attending to the problem since this morning and it is hoped that the service can be restored soon,” a spokesperson said. “The DCA wishes to apologise to the public for the inconvenience.” Related... Read more of this article
The Phoenix Stores Acquires Kodak Express
The Phoenix Stores Ltd. has acquired ownership and control of Kodak Express, the company announced today [Feb 1]. George Grundmuller, President and CEO of The Phoenix Stores Ltd. said; “This is an exciting time for our group as with the new resources attained, we are now in a stronger position to expand on the suite of products and services we offer... Read more of this article
