Category: Business
Blue Bison Launch Cloud-Based Payroll Solution
Blue Bison, the payroll and HR software provider to some of Bermuda’s best-known businesses, today announced the launch of a cloud-based platform and a redesigned website to help meet rising demand for automated payroll-processing solutions. A spokesperson said, “Blue Bison software subscribers employ more than 8,000 people in Bermuda across... Read more of this article
Hamilton Appoints Dr Vaughan & Patterson
Hamilton Insurance Group has welcomed Dr. Therese Vaughan and Neil Patterson to its Board of Directors, effective March 11, 2024, with Patterson assuming the role of Chair of the Audit Committee, while Pauline Richards retires after a decade of service. A spokesperson said, “Hamilton Insurance Group, Ltd. announced today that Dr. Therese Vaughan... Read more of this article
Carey Olsen Advises XBTO Global On Acquisition
Carey Olsen’s fintech team in Bermuda has advised digital assets and tailored investment solutions group XBTO Global on its dual acquisition of Bermuda licensed digital asset businesses Stablehouse Ltd and XBTO International Ltd. A spokesperson said, “Stablehouse is a digital asset custody and trading platform that helps institutions mitigate... Read more of this article
Bermuda Stock Exchange Report: March 6 2024
March 6 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $ 62,500.00 BD. 10,000 shares were traded by LOM Financial Limited, closing up 14.7% at $6.25 per share. The BSX finished at 2,356.21, up 0.25% on the day. There was 1 advance, 0 declines, and 48 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Update On Restricted And Closed Job Categories
“Effective March 1st, 2024, the Ministry of Economy and Labour advises the public that the moratorium on new work permits issued for the following Closed job categories is extended for three months, ending May 31st, 2024,” the government said today. A spokesperson said, ”The following list of Closed job categories is unchanged from... Read more of this article
HSBC Sponsor Reading Clinic Programme
HSBC announced its continued exclusive sponsorship of The Reading Clinic’s ICAN Math Downward Extension Programme, saying “this collaboration marks a significant step towards building mathematical proficiency and confidence while equipping students with the knowledge and understanding required for financial literacy and life skills for future... Read more of this article
Butterfield Share Repurchases For Feb 2024
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2024, repurchased for cancellation 399,269 Common Shares at an average price of $29.87 per share. Related Stories Butterfield Share Repurchases For March 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Bermuda Stock Exchange Report: March 5 2024
March 5 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,350.34, even on the day. There were 0 advances, 0 declines, and 49 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: May 15 2024 Bermuda Stock Exchange... Read more of this article
Argus: No Share Repurchases In February 2024
In a filing with the Bermuda Stock Exchange, Argus Group Holdings Limited advised that pursuant to its share repurchase programme, during the month of February 2024, the company has not repurchased any shares. Related Stories Argus: No Share Repurchases In April 2024 Argus: No Share Repurchases In January 2024 Argus: No Share Repurchases In December... Read more of this article
De Waal Nigrini Promoted To Associate At MJM
MJM Limited has promoted De Waal Nigrini to the position of associate within their Corporate and Finance team. A spokesperson said, “Internationally recognized law firm, MJM Limited, is delighted to announce that De Waal Nigrini has been promoted to associate on the Corporate and Finance team. “De Waal is dual-qualified having been admitted... Read more of this article
Mosaic Launches Primary Tech E&O Coverage
Mosaic Insurance’s cyber division has launched primary technology errors and omissions [E&O] coverage to protect tech companies from increasing liability risks. A spokesperson said, “The launch builds on Mosaic’s primary cyber offering initiated last spring and activates primary Tech E&O as a blended product globally; previously it... Read more of this article
PwC Releases Digital Readiness Survey 2024
PwC has released its Bermuda and Caribbean Digital Readiness Survey 2024, highlighting a number of findings. A spokesperson said, “PwC’s Digital Readiness Survey 2024: Fast forward or fall behind highlights a growing sense of urgency for Bermuda and Caribbean business leaders to keep pace with rapid advances in technology and shifting customer... Read more of this article
Bermuda Stock Exchange Report: March 4 2024
March 4 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $34,430.00 BD. 1,200 shares were traded by Devonshire Industries Ltd, closing even at $5.25 per share, while another 800 shares were traded by Argus Group Holdings Ltd, closing up 1.6% at $6.40 per share. 1,000 shares were traded by BF&M Ltd, closing down 8.9% at $23.01 per... Read more of this article
Chamber Launches Business Barometer Survey
The Bermuda Chamber of Commerce, in collaboration with Narrative Research and sponsored by HSBC, announced the upcoming launch of its annual Business Barometer survey. A spokesperson said, “The Bermuda Chamber of Commerce, in an exciting collaboration with Narrative Research and sponsored by HSBC, is proud to announce the launch of its annual... Read more of this article
Minister Hayward Attends Investopia In UAE
Minister of Economy and Labour Jason Hayward attended the Investopia conference in Abu Dhabi, UAE. A Government spokesperson said, “The Ministry of Economy and Labour is pleased to provide a further update on the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP’s visit to the United Arab Emirates. “Minister Hayward attended... Read more of this article
Axis Appoints Stephen Lord & Robert Barriero
AXIS Capital named Stephen Lord as Global Chief Information Officer and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate. A spokesperson said, “AXIS Capital Holdings Limited announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer [CIO] and Robert Barriero as Global Head of Strategic... Read more of this article
