RSSCategory: Business

Mosaic Insurance Opens Office In New York City

Mosaic Insurance Opens Office In New York City

Mosaic Insurance has opened an office in New York City, its first US-based physical address for a growing number of employees. A spokesperson said, “The Midtown South office at 65 W 36th St, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with technologists, and finance executives, opened this week, as the... Read more of this article

Bermuda Stock Exchange Report: Oct 14 2021

Bermuda Stock Exchange Report: Oct 14 2021

October 14 saw 11,000 shares trade on the Bermuda Stock Exchange, valued at $97,950.00 BD. 8,000 shares were traded by Argus Group Holdings Ltd, closing down 2.1% at $5.95 per share, while 2,000 shares were traded by BF&M Ltd, closing at an even $23.00 per share. 1,000 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $4.25 per... Read more of this article

KPMG Announces Promotions, New Hires

KPMG Announces Promotions, New Hires

KPMG in Bermuda announced that it has promoted four Andrew Shailer, Kevin O’Reilly, Nicki Griffiths, and Minesh Ranchod, and has also welcomed four Dr Edward Fitzgerald, Alex Xu, Troy Dort, and Nathan Bickley-May. A spokesperson said, “Business needs are constantly changing due to new and evolving regulation and governance requirements, geopolital... Read more of this article

Retail Sales Increased 5.9% In June 2021

Retail Sales Increased 5.9% In June 2021

After adjusting for the retail sales rate of inflation – measured at 1.9% in June – the overall volume of retail sales increased 5.9% when compared to June 2020, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Minister for the Cabinet Office, the Hon. Wayne Furbert, JP, MP, released the... Read more of this article

Jewel Submits Application As Digital Asset Bank

Jewel Submits Application As Digital Asset Bank

Jewel has submitted its formal bank application with the Bermuda Monetary Authority [BMA], in a “combined full-service bank and digital asset license application.” A statement from the company says, “Jewel, a proposed bank serving digital asset businesses and institutions globally from Bermuda, has submitted its formal bank application... Read more of this article

MarketPlace’s Flora Duffy Holiday Store Hours

MarketPlace’s Flora Duffy Holiday Store Hours

The MarketPlace has provided information about their hours during the Flora Duffy holiday, which will take place on Monday, October 18. A graphic posted on social media indicates that their Shelly Bay, Heron Bay, Modern Mart, and Pricerite Warwick stores will be open from 8.00am to 6.00pm for the holiday. Related StoriesBSX... Read more of this article

Bermuda Stock Exchange Report: Oct 13 2021

Bermuda Stock Exchange Report: Oct 13 2021

October 13 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $73,000.00 BD. 2,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.7% at $36.50 per share. The BSX finished at 2,558.25, down 0.52% on the day. There were 0 advances, 1 decline, and 61 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Acumen Group Appoints Sophie Pearson

Acumen Group Appoints Sophie Pearson

Acumen Group has announced the appointment of Sophie Pearson as Regional Business Development Manager. A spokesperson said, “Professional services company Acumen Group is pleased to announce the appointment of Sophie Pearson as Regional Business Development Manager. “Ms Pearson will lead efforts to accelerate the growth of Acumen’s payroll... Read more of this article

Izabella Arnold Called To The Bermuda Bar

Izabella Arnold Called To The Bermuda Bar

Walkers has announced the admission of Izabella Arnold to the Bermuda Bar on Monday [Oct 11]. A spokesperson said, “Walkers is delighted to announce the admission of Izabella Arnold, who was called to the Bermuda Bar on Monday 11 October. Izabella joins the Insolvency & Dispute Resolution Group at Walkers following the successful completion of... Read more of this article

Rocket Pitch 2021 Now Accepting Applications

Rocket Pitch 2021 Now Accepting Applications

The Bermuda Economic Development Corporation [BEDC] is accepting applications for the 14th annual Rocket Pitch competition until Sunday, October 24th. A spokesperson said, “What does a budding entrepreneur do when they have a great idea but no capital to get their idea started? They enter the BEDC Rocket Pitch Competition occurring on Tuesday,... Read more of this article

ABIR Signs On To Climate Change Principles

ABIR Signs On To Climate Change Principles

The Association of Bermuda Insurers and Reinsurers [ABIR] has signed on to the Insurers’ Principles for Climate Change Adaptation drawn up by the Insurance Institute for Business & Home Safety [IBHS] with support from the property casualty insurance industry. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers has signed... Read more of this article

Jon Hutchens Joins Mosaic Insurance

Jon Hutchens Joins Mosaic Insurance

Mergers and acquisitions tax specialist Jon Hutchens has joined Mosaic Insurance as the company’s SVP, Global Head of Tax, Transactional Liability. A spokesperson said, “Mergers and acquisitions tax specialist Jon Hutchens has joined Mosaic Insurance as the company builds out its US-based transactional liability team to meet record demand... Read more of this article

RenRe Estimate 2021 Q3 Net Negative Impact

RenRe Estimate 2021 Q3 Net Negative Impact

RenaissanceRe Holdings announced it estimates that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the Company’s third quarter 2021 results of operations. This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane Ida in August 2021 and... Read more of this article