Category: Business
Longtail Learning Launches Tutoring Program
Lontail Learning is set to launch a summer tutoring program which will run from July 2 to August 18. A spokesperson said, “Longtail Learning was founded in March 2023. The initiative was born out of a recognition of a gap in Bermuda’s market for affordable tutoring and mentorship schemes. “Ideally, a student should have access to education... Read more of this article
Food Costs Down 0.2% Monthly, Up 9.2% Annually
Food prices in Bermuda have decreased a small amount lately according to the recently released February Consumer Price Index, which said that on an overall month to month basis the food sector contracted 0.2%, while an annual basic food sector prices rose 9.2%. Looking at food prices on a month to month basis, the report said, “On average, prices... Read more of this article
IGI Announces Common Share Dividend
International General Insurance Holdings Ltd. [IGI] announced that its Board of Directors has declared an ordinary common share dividend of $0.01 per share for the period January 1, 2023 – March 31, 2023. A spokesperson said, “The dividend is payable on June 16, 2023 to shareholders of record at the close of business on June 2, 2023.” Related... Read more of this article
Financial Sanctions Implementation Unit Update
Attorney-General Kathy Lynn Simmons provided an update on the Russia Sanctions Regime in Bermuda, noting that “since February 2022, the FSIU has logged 139 compliance reporting forms, including notification of frozen assets totalling over $219.5 million.” Speaking in the House of Assembly [May 19], the Attorney-General said, “The... Read more of this article
Minister Hayward On Q4 Economic Results
“The quarterly GDP estimates indicate that the economy has expanded by at least 5.9% in nominal terms in 2022,” Minister of Economy and Labour Jason Hayward said, adding that “in real terms, the inflation-adjusted economy is estimated to have grown by at least 2.9% in 2022.” Speaking in the House of Assembly on Friday, the Minister... Read more of this article
Shipping Schedule: Week Starting May 20
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday Shipping Schedule: Week Starting May 20th. On Saturday the Liberty of the Seas cruise ship is expected, on Sunday the Norwegian Pearl cruise ship will arrive, and on Monday Oleander container ship and the Vision Of The Seas... Read more of this article
Minister Campbell On Tourism Statistics
“The first quarter measures bode well for the revival of our tourism sector,” Minister of Tourism and the Cabinet Office Vance Campbell said in the House of Assembly as he provided an overview of the latest tourism statistics. The Minister said, “The Government looks forward to the renewed growth and development in the sector as we... Read more of this article
ABIC Receives Record Number Of Applicants
The Association of Bermuda International Companies [ABIC] has received 83 applications for scholarships — a record number in the 46-year history of the ABIC Education Awards. A spokesperson said, “Recipients are selected based on financial need and academic achievement. The interview process for short-listed candidates is underway and ABIC will... Read more of this article
Photos: KPMG’s Annual Make A Difference Day
More than 100 KPMG staff went to Burt Island for their annual Make a Difference Day earlier this month. A spokesperson said, “Each year, KPMG selects a registered charity, and the entire staff dedicates their day to giving back in whatever way the charity needs. This year the staff of KPMG were given the opportunity to head over to Burt Island and... Read more of this article
Everest To Rebrand Name & NYSE Ticker
Everest Re Group said they will rebrand their company name and NYSE ticker effective on July 10, 2023, to “reflect its evolution, global growth and diversification strategy.” A spokesperson said, “Everest Re Group, Ltd. [Everest], a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and... Read more of this article
Bermuda Stock Exchange Report: May 19 2023
May 19 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], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock... Read more of this article
Bermuda Gas Acquires Atlantic Gas Fixed Assets
Atlantic Gas has sold its fixed assets to Bermuda Gas. These assets include bulk LPG tanks, 100-LB residential cylinder tubes, and 17-LB BBQ composite cylinders that are installed at various residential and commercial locations. A spokesperson said, “The acquisition of these assets will mean that existing homeowner and/or commercial enterprises [such... Read more of this article
