Category: Business
Win A $25k Grant To Help Fund Your Business
A pitch competition set to be held in September will award five entrepreneurs up to $25,000 each. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] has entered into a multi-year partnership with the Global Atlantic Re foundation to provide BEDC Program participants with capital grants up to $150,000 a year. “These... Read more of this article
Bermuda Stock Exchange Report: May 24 2023
May 24 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,125.12, even on the day. There were 0 advances, 0 declines, and 66 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange Report:... Read more of this article
Butterfield Front Street Open House Postponed
Butterfield has postponed its planned open house at the reopened Front Street Banking Centre due to bad weather. A spokesperson said, “Instead, the public is invited to come along next Wednesday, 31 May, between 7-9pm to mark the building’s 100th anniversary and view original artworks by 17 Bermudian artists.” Shawnette Griffin, Butterfield’s... Read more of this article
UN Advisor To Speak At Climate Summitt
Suzanne Johnson, Senior Advisor, United Nations [UN] Global Compact Ocean Stewardship Coalition, is the latest addition to the list of speakers at the second annual Bermuda Climate Summit, presented by the Bermuda Business Development Agency [BDA], in partnership with KBRA. A spokesperson said, “Bermuda’s Deputy Premier, The Hon. Walter Roban,... Read more of this article
Balance Of Payments & International Investment
The 2022 Q4 Balance of Payments & International Investment Position publication from the Department of Statistics has been released. The Minister explained, “Bermuda’s trade with non-residents resulted in a $161 million surplus for the fourth quarter of 2022, down $64 million from a year ago. “Transactions related to trade in goods led to... Read more of this article
Harbour Nights Cancelled Due To Weather
The Bermuda Chamber of Commerce announced that tonight’s [May 24] Harbour Nights is cancelled due to “adverse weather conditions.” A spokesperson said, “It is with regret that we announce the cancellation of tonight’s highly anticipated Harbour Nights event due to adverse weather conditions. Typically, the decision regarding... Read more of this article
AM Best: RenaissanceRe Ratings Are Unchanged
AM Best said that the ratings of RenaissanceRe Holdings Ltd. ”are unchanged” following the announcement it has entered into an agreement to acquire the treaty reinsurance business of American International Group. A statement from the ratings agency said, “The business to be acquired by RenaissanceRe includes Validus Reinsurance Ltd.... Read more of this article
Training Workshops Held For Gender Equality
Seventeen participants from Government, local financial institutions and the Bermuda Economic Development Corporation are “now trained in gender lens investing and public financing policies and instruments for Gender Equality and Women’s Empowerment in Bermuda,” according to the UN Women MCO – Caribbean. Tinée Furbert, Minister... Read more of this article
RenRe Announce Pricing Of Common Shares
RenaissanceRe Holdings Ltd. [RNR] announced the pricing of an underwritten public offering of 6,300,000 of its common shares at a price to the public of $192.00 per share, before underwriting discounts and commissions. A spokesperson said, “The offering is expected to close on May 26, 2023, subject to customary closing conditions. The Company... Read more of this article
TLC Group New Security Management Platform
The TLC Group of Companies UK Ltd. said they are “now offering MyCISO, a revolutionary security management platform, to the Bermuda market.” A spokesperson said, “The TLC Group of Companies UK Ltd. is excited to announce the addition of MyCISO to its portfolio of technology solutions for organizations in Bermuda. MyCISO is a powerful... Read more of this article
Bermuda Stock Exchange Report: May 23 2023
May 23 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,125.12, even on the day. There were 0 advances, 0 declines, and 66 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange Report:... Read more of this article
Ryan Joins Sompo As Chief Underwriting Officer
Sompo International, a leading global provider of commercial and consumer property and casualty [re]insurance, named Risa Ryan as Chief Underwriting Officer [CUO] and member of the executive team, effective May 15, 2023. A spokesperson said, “Ms. Ryan reports to James Shea, Chief Executive Officer for Sompo International, and is based in Florham... Read more of this article
