Category: Business
Video: BEDC’s Student Entrepreneur Program
[Written by Don Burgess] Bermuda’s young entrepreneurs gathered on the lawn of City Hall last Friday to promote their businesses to the public. The BEDC’s Summer Student Entrepreneur Program [SSEP] helps young entrepreneurs bring their passions to life with some coaching and cash. The launch event allowed the teens to showcase their products and... Read more of this article
Kwame Naylor Selected As 2023 AXA XL Scholar
AXA XL, the P&C and specialty risk division of AXA SA, today announced that the 2023 AXA XL Scholarship has been awarded to Bermuda National Rugby U19 Team Captain and Warwick Academy Head Boy Kwame Naylor. A spokesperson said, “The AXA XL Scholarship is a full scholarship awarded to students pursuing an undergraduate degree in [re]insurance industry... Read more of this article
14 Students Complete Argus Summer Internship
The Argus Group announced the successful completion of its 2023 Summer Internship Programme, with 14 students – Vincent Darrell, Kaleo Place, Chontelle Williams, Domonique Douglas, Noah Fubler, Jadyn Teart, Aaron Upadhyay, Yahzahra Gilbert, Zha-Lei Looby, Jabri Hayward, Amir Ford, Xienne Burch, Keiran Smith, and Chiaje Rudo - gaining real-world... Read more of this article
Mosaic Expands Summer Intern Program
Mosaic Insurance has welcomed its third year of summer interns, expanding the program to include five students — Meron Simons, Kriston Adams, Meghan Haran, Gaurav Roychowdhury, and David Glendinning – at its Bermuda, New York, Chicago, and London offices. A spokesperson said, “Mosaic Insurance has welcomed its third year of summer interns,... Read more of this article
Clarien Bank Increasing Base Lending Rates
Beginning on September 1, Clarien will be adjusting its Bermuda dollar base lending rate and the bank’s USD Prime base lending rate. A spokesperson said, “Commencing September 1, 2023, Clarien will be adjusting its Bermuda Dollar base lending rate and the bank’s USD Prime base lending rate by a quarter of a percentage point [0.25%]. This... Read more of this article
Skyport Appoints Dawson, Fagan & Harris
Skyport announced the appointment of three new leadership team members: Jaime Dawson, Nikki Fagan, and Mikkel Harris. A spokesperson said, “Skyport, operators of the L.F. Wade International Airport dedicated to providing world-class services and continuously improving its operations, announced the strategic appointment of three new leadership... Read more of this article
‘BermudAir’ Airline Receives Approval
BermudAir — which plans to operate “short, convenient all-business class flights between Bermuda and the US East Coast” — has received approval from the Bermuda Civil Aviation Authority [BCAA] and has been granted its Air Operating Certificate [AOC] and “service is planned to begin later this summer, subject to the pending... Read more of this article
Seaside Discussion & Networking Breakfast Held
The 100 Women of Finance in Bermuda successfully hosted a Seaside Discussion & Networking Breakfast last week, which was an empowering event highlighting women’s achievements in the finance sector. A spokesperson said, “Attendees had the privilege of gaining invaluable insights and experiences from esteemed finance professional, Sinead Donovan. “The... Read more of this article
PwC Wins Digital Innovation Award For AI
PwC was awarded the 2023 Digital Innovation of the Year Award at the 12th annual International Accounting Forum & Awards in London, June 29, for its suite of AI services in support of its global auditors. A spokesperson said, “PwC’s award submission, entitled: “Next generation AI services for the next generation auditor,” focuses on... Read more of this article
Bermuda Stock Exchange Report: July 26 2023
July 26 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,286.68, even on the day. There were 0 advances, 0 declines, and 64 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 31 2025 Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock Exchange Report:... Read more of this article
SiriusPoint Appoints Habib Kattan
SiriusPoint has appointed Habib Kattan as Global Head of Ceded Reinsurance. Mr. Kattan will join the business, based in London, on August 1, 2023. A spokesperson said, “Mr. Kattan will report to David Govrin, Group President and Chief Underwriting Officer [CUO]. His role will include establishing the strategy and structure of SiriusPoint’s global... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of Butterfield announced that, in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on consumer loans and mortgages by a quarter of a percentage point [0.25%]. A spokesperson said, “The change in base rates applies to Bermuda dollar residential mortgages... Read more of this article
