Category: Business
Column: Expedient Targets For Political Agendas
[Column written by Ross Webber] It didn’t take long for 2016 to deliver a blunt reminder this is the year of a US presidential election. Along with a raft of very positive news rung in by the New Year — Bermuda’s consecutive GDP growth, increased consumer confidence, and rising company incorporations — January also brought a wake-up... Read more of this article
PartnerRe Appoints Chairatch Phrompechrut
PartnerRe Ltd. announced that Chairatch Phrompechrut has been appointed to the position of Head of Strategic Ventures. Mr. Phrompechrut will report to Marvin Pestcoe, CEO Life, Health and Strategic Ventures. In this position, Mr. Phrompechrut will lead the effort to pursue investments in business development opportunities and partnerships. Mr. Phrompechrut... Read more of this article
Bermuda Stock Exchange Report: Jan 25 2016
Today [Jan 25] saw 5,800 shares trade on the Bermuda Stock Exchange, valued at $10,361.00 BD. All 5,800 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $1.78 per share. The BSX finished at 1,218.58, up 0.73% on the day. There was 1 advance, 0 declines, and 66 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
IBC Inc. To Acquire IBC Bermuda From BAS
US-based firm IBC Inc. and a group of private investors including Glen Smith, Theo Klimatsidas, and Joe Costigan, Jr. today [Jan 25] announced that they have entered into an agreement to acquire IBC Ltd. in Bermuda. “Mr. Smith and Joe Costigan, Sr. were part of the original management team who started the local IBC Ltd. company in 1987 in partnership... Read more of this article
BSX Exchange Recognised By Revenue Ireland
The Bermuda Stock Exchange [BSX] announced that Revenue Ireland, Irish Tax and Customs, has confirmed that the BSX is a Recognised Stock Exchange for the purposes of Section 64 of Ireland’s Taxes Consolidation Act 1997. In making the announcement BSX Chief Compliance Officer James McKirdy stated, “Receiving confirmation by the Irish tax authorities... Read more of this article
Photos & Video: Prestige Launch New Mercedes
Prestige Autos recently held an event to official unveil the Mercedes-Benz GLA, which they said offers a “sporty, dynamic design” and “cutting edge drive systems.” The company said, “Prestige Autos Ltd. is proud to present the Mercedes-Benz GLA, Bermuda’s first and only luxury SUV. With its sporty, dynamic design,... Read more of this article
BMA To Chair IAIS Reinsurance Task Force
The Bermuda Monetary Authority announces that Dr. Marcelo Ramella, Deputy Director, Policy & Research, has been appointed Chair of the International Association of Insurance Supervisors’ [IAIS] Reinsurance Task Force. Jeremy Cox, Chief Executive Officer at the Authority, congratulated Dr. Ramella on his appointment, noting that the Authority... Read more of this article
BFIS Alumni Set To Hold Networking Event
The BFIS Alumni Committee is getting set to hold a networking event on Thursday, January 28, offering the opportunity to “share a drink with fellow alumni, network and learn how you can give back through the BFIS Alumni Committee.” The event will take place at Muse from 5.30pm to 7.30pm; to RSVP, email bfisalumni@gmail.com. A spokesperson... Read more of this article
Column: Govt Functioning On Borrowed Dollars
[Opinion column written by Larry Burchall] On Thursday, 21st January, on the stroke of midnight, in layman’s language, the Government of Bermuda ran out of taxpayer supplied dollars. At one minute past midnight on Friday 22nd January, the Government of Bermuda started functioning entirely on borrowed dollars. The Facts And The Arithmetic Between... Read more of this article
Everest Insurance Appoints Charles Higham
Everest Re Group, Ltd. announced the appointment of Charles Higham to the position of Vice President and leader of the Financial Institutions Group at Everest Specialty Underwriters, a division of Everest Insurance. He is responsible for leading the management and professional liability lines of business for all types of financial institutions as part... Read more of this article
AXIS Launch Insurance: Contagious Outbreaks
Bermuda-based AXIS Capital Holdings Limited announced that AXIS Healthcare—the division of AXIS Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians—has launched an innovative new medical catastrophe [“contagion”]... Read more of this article
Rosedon Receives Travellers Choice Award
Bermuda’s Rosedon Hotel has been recognized as a winner in the 2016 TripAdvisor Travelers’ Choice awards, ranking at number 20 among the top 25 hotels in the Caribbean. TripAdvisor’s Travelers’ Choice Awards recognize the world’s top properties based on millions of reviews and opinions collected in a single year from travelers... Read more of this article
