Category: Business
CC&L: Airport Is ‘Resilient, Durable Asset’
“The L.F. Wade International Airport is an excellent example of a resilient, durable asset with potential for growth as passenger traffic recovers in the wake of Covid-19,” Canadian company CC&L Infrastructure said after purchasing a 49.9% interest in Skyport. A statement on their website announced the “acquisition of a 49.9% minority... Read more of this article
IGI Announces Completion Of EIO Acquisition
International General Insurance Holdings Ltd. [IGI] announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS [EIO]. A spokesperson said, “The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed IGI Nordic AS [IGI Nordic], is a subsidiary... Read more of this article
Pineapple, Black Cherry & Mango Dark n Stormy
In addition to the original Dark ‘n Stormy, Goslings has added three new flavours — Pineapple Dark ‘n Stormy, Black Cherry Dark ‘n Stormy, and Mango Dark ‘n Stormy — with all four available in newly designed cans. “This may be the most significant innovation during my time at Goslings” said E. Malcolm Gosling, 7th Generation... Read more of this article
Local Companies’ Annual Fees Due By March 31
The Registrar of Companies is reminding all local companies that annual fees are due by March 31, 2023. A Government spokesperson said, “To pay and submit their yearly filings on time, we strongly encourage local companies to register on the online registry system before the deadline at www.registrarofcompanies.gov.bm. “With the implementation of... Read more of this article
BTA Launches ‘House Of Bermuda’ In England
The Bermuda Tourism Authority [BTA] has debuted the “House of Bermuda” at the Hoxton, Southwark in England, which offers an “immersive experience” with “local Bermudian experts.” A spokesperson said, “Bermuda Tourism Authority [BTA] has officially debuted the ‘House of Bermuda’ exclusively for trade, media,... Read more of this article
Retail Sales Decreased 1.7% In December 2022
After adjusting for the retail sales rate of inflation – measured at 6.3% in December – the overall volume of retail sales decreased 1.7% when compared to December 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the December 2022 Retail Sales... Read more of this article
Café Lido Restaurant Re-Opening Today
The Lido Complex at Elbow Beach is re-opening, with Cafe Lido Restaurant opening today [March 16] and the Sea Breeze Lounge & Terrace set to open in April. A spokesperson said, “This Thursday, March 16th sees the much-anticipated re-opening of Lido Complex at Elbow Beach. The opening will occur in stages with Cafe Lido Restaurant opening first... Read more of this article
Susan Jackson: ‘Govt Should Welcome Them’
The “government should be welcoming them with open arms” as “CC&L is a testament to Bermuda as a vote of confidence in our future” Shadow Transport Minister Susan Jackson said after it was announced that the Canadian company CC&L will purchase 49.9% of Skyport for $128.5 million. Ms Jackson said, “When a prominent... Read more of this article
December Consumer Price Index: Inflation 4.1%
Consumers paid 4.1% more in December 2022 than a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry of Economy and Labour released the December 2022 CPI from the Department of Statistics. “In summary, during December 2022, consumers paid 4.1 per cent more than... Read more of this article
Everest Appoints New Interim General Counsel
Everest Re Group, Ltd. announced that Brent Hoffman has been appointed interim General Counsel, replacing Sanjoy Mukherjee. A spokesperson said, “Everest Re Group, Ltd. [Everest], a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that Brent Hoffman has been appointed... Read more of this article
Polaris Holding Announces $0.10 Dividend
In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced their dividend. The full filing stated: “Please note that, on 15 March 2023, the Directors of Polaris Holding Company Ltd., resolved that a dividend in the amount of BD $0.10 per share be declared to the shareholders of record as at 23 March 2023, payable... Read more of this article
Bermuda Stock Exchange Report: Mar 15 2023
March 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,428.06, 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: Jan 23 2026 Bermuda Stock Exchange Report: Jan 22 2026 Bermuda Stock Exchange Report:... Read more of this article
