Category: Business
Shipping Schedule: Week Starting Sept 21
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 21st. On Saturday the Nautica cruise ship is expected, on Sunday the Oleander container ship will arrive, and on Monday the Liberty of the Seas and the Carnival Venezia cruise ships and HMS Trent patrol vessel... Read more of this article
Mosaic Offers Terrorism & Sabotage Coverage
Mosaic Insurance has “launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk.” A spokesperson said, “The new product offers coverage for physical loss or damage caused by acts of terrorism and sabotage, protecting artwork and other... Read more of this article
Bermuda Stock Exchange Report: Sept 20 2024
September 20 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,571.99, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda... Read more of this article
$4.8M Lease Agreement For Seagrass/Google
An agreement in principle has been made for Seagrass Services Limited – a local subsidiary of Google — to lease a site at Burrows Hill as part of their plans for the Nuvem transatlantic subsea cable system to connect Portugal, Bermuda, and the USA, Minister of Public Works Lt/Col David Burch said. Speaking in the House of Assembly today [Sept... Read more of this article
Minister On Electricity Amendment Act 2024
“Today I am tabling the Bill entitled the Electricity Amendment Act 2024; legislation that will create a licence for large developments to generate electricity above the current licence threshold of five hundred kilowatts [500kw],” Minister of Home Affairs Walter Roban said in the House of Assembly today [Sept 20]. The Minister said, “This... Read more of this article
UCAN Launches To Offer University Support
The University and College Application Network [UCAN] is “offering expert university guidance and application support to students in Bermuda.” A spokesperson said, “The University and College Application Network is proud to announce its official launch, offering expert university guidance and application support to students in Bermuda. “Co-founded... Read more of this article
Bermuda Stock Exchange Report: Sept 19 2024
September 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,571.99, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related Stories Banker Larry Slaughter Joins Lazard Ltd. Canopius Merger With Tower Completed Chile’s Velasco Joins Lazard... Read more of this article
Financing Closes For Fairmont Renovations
[Updated] Westend Properties announced that the “financing for the renovation of Bermuda’s iconic Fairmont Southampton has closed today” and “capitalisation for the entire Southampton project is estimated at more than $550 million.” “While we have had the financing commitments to fully fund this redevelopment in place... Read more of this article
Marilyn Cameron Celebrates 50 Years Of Service
Marilyn Cameron reached a significant milestone, celebrating 50 years of service with the Government of Bermuda. A Government spokesperson said, “Last month [August], Marilyn Cameron marked a significant milestone by celebrating 50 years of dedicated service to the Government of Bermuda. “Currently serving as a Salaries Supervisor, her career, which... Read more of this article
Convergence 2024: Innovation In ILS Market
Convergence 2024 “will spotlight the transformative power of innovation in the insurance-linked securities [ILS] market by bringing together global experts to discuss regulatory frameworks, cutting-edge science, and market dynamics.” A spokesperson said, “Convergence 2024, the premier event in the ILS marketplace, will spotlight the transformative... Read more of this article
IQUW Announce Appointment Of Peter Hearn
IQUW announced the appointment of Peter Hearn as an independent Non-Executive Director to the IQUW Holdings Bermuda Board. A spokesperson said, “Hearn is widely recognised as a visionary leader and brings over four decades of experience in the global insurance and reinsurance broker sector, including various senior leadership roles, most recently... Read more of this article
Resolution Life Appoints Moses Ojeisekhoba
Resolution Life has appointed Moses Ojeisekhoba as President with effect from October 1, 2024. A spokesperson said, “Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, announces that it has appointed Moses Ojeisekhoba as President with effect from October 1, 2024 to deliver... Read more of this article
