Category: Business
BELCO Announces 2023 Scholarship Recipients
BELCO today announced the recipients of the Company’s annual scholarship awards, with a total of $215,000 awarded to 19 young Bermudians. A spokesperson said, “William Gardner is the recipient of the Hon C. Eugene Cox Post Graduate Environmental Studies and Sustainability & Development Scholarship. The scholarship is valued at $25,000 for... Read more of this article
Cost Of Living Commission Appointments
Minister of Legal Affairs and Constitutional Reform Kathy Lynn Simmons, the Minister responsible for Consumer Affairs, announced the appointments to the Cost of Living Commission for 2023-2024. Minister Kathy Lynn Simmons stated, “Reducing the cost of living remains a major priority for the Government. As specified in the Cost of Living Commission... Read more of this article
Column: Executives & HNWs Should Make A Will
[Written by Ashley Fife] Bermuda executives and high net worth individuals should make a will to ensure that, upon death, their wishes are implemented, their family members are sufficiently and promptly provided for, duties and taxes are properly considered and chaos and stress minimised. Often significant lifestyle developments such as changes to one’s... Read more of this article
BF&M: Limited Duration Shareholder Rights Plan
BF&M Limited announced today that its Board of Directors has “unanimously adopted a limited duration Shareholder Rights Plan, which is effective immediately and set to expire on 19 July, 2024.” A spokesperson said, “The Rights Plan ensures that the Board has sufficient time to make thoughtful and prudent decisions that are in the best... Read more of this article
Govt Release ‘Strategic Priority Two’ Summary
The Ministry of Economy and Labour has released the Economic Development Strategy’s Strategic Priority Two: Business Attraction and Investment Promotion. A Government spokesperson said, “Strategic Priority Two aims to attract new businesses and investors to the island, especially in sectors that offer growth opportunities and economic diversification.... Read more of this article
DARAG Group Completes Two Transactions
DARAG Group announced the “conclusion of two transactions with undisclosed North American captive insurance companies.” A spokesperson said, “The first transaction was completed in May, with the second concluded in June 2023. The transactions have been written into DARAG Bermuda and offer full legal finality for the US worker’s compensation... Read more of this article
RenaissanceRe Appoint Group Chief Risk Officer
RenaissanceRe announced that Robin Lang will assume the role of Group Chief Risk Officer on a permanent basis on September 1, 2023. Mr. Lang has been RenaissanceRe’s Interim Chief Risk Officer since April 2023 and will succeed Ian Branagan in the role. Mr. Branagan is currently on compassionate leave, and going forward will serve as a... Read more of this article
Bermuda Stock Exchange Report: July 19 2023
July 19 saw 7,000 shares trade on the Bermuda Stock Exchange, valued at $66,000.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.4% at $30.00 per share, while another 6,000 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,233.05, up 0.97% on the day. There was 1... Read more of this article
HSBC To Sponsor The 2023 Cup Match Event
HSBC Bermuda will be the lead sponsor of the 2023 Cup Match event, it was announced today. A spokesperson said, “St. George’s Cricket Club’s President, Neil Paynter, today announced the return of HSBC Bermuda [HSBC] as lead sponsor of the 2023 Cup Match event.” Mr. Paynter shared: “As the host of this year’s Cup Match event, we are particularly... Read more of this article
Berkeley Institute Appoints Stephanie Lee
The Berkeley Institute has appointed Stephanie Lee as the school’s first Development & Communications Officer. A spokesperson said, “With 125 years of history, The Berkeley Institute has been a pillar of education in the community, producing generations of well-rounded citizens making purposeful and meaningful contributions to Bermuda and... Read more of this article
Harbour Nights Cancelled Due To Weather
The Bermuda Chamber of Commerce announced that tonight’s [July 19] Harbour Nights event is cancelled due to inclement weather conditions. A spokesperson said, “We would like to announce the cancellation of tonight’s scheduled Harbour Nights event due to inclement weather conditions. The safety and well-being of our attendees, vendors, and... Read more of this article
E-Tax Filing Deadline Extended To Tomorrow
The Office of the Tax Commissioner advises that “e-tax filing for the period of April, May, and June has been extended until July 20, 2023.” A Government spokesperson said, “Mandatory e-filers are reminded that they are required to file online. To set up filing online, please visit www.etax.gov.bm and select ‘register.’ “As... Read more of this article
