Category: Business
Fidelis MGU Promotes Ben Fortune To CUO
Fidelis MGU announced the promotion of Ben Fortune to Chief Underwriting Officer of its Bermuda operation effective immediately. A spokesperson said, “In his new role, Ben will be responsible for overseeing all books of business written out of Bermuda as well as managing the company’s Bermudian based team of underwriters. “Ben has more... Read more of this article
Conversation Led To Lindo’s & BDA Link-Up
[Written by Stephen Wright] The longstanding relationship between the Lindo’s Group of Companies and the Bermuda Diabetes Association may have never existed had it not been for a chance conversation in the Lindo’s Market in Devonshire in 2005. Giorgio Zanol, Lindo’s president, was talking to a customer about their shared interest in running when... Read more of this article
Bermuda Stock Exchange Report: Feb 28 2023
February 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,533.66, even on the day. There were 0 advances, 0 declines, and 67 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 9 2026 Bermuda Stock Exchange Report: Jan 8 2026 Bermuda Stock Exchange Report:... Read more of this article
Retail Sales Increased 0.1% In November 2022
After adjusting for the retail sales rate of inflation – measured at 6.1% in November – the overall volume of retail sales increased 0.1% when compared to November 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the November 2022 Retail... Read more of this article
Economic Investment Certificate To Be Revised
The Economic Investment Certificate [EIC] and Residential Certificate Policy has been revised to allow the Minister to grant a Residential Certificate without the need to wait five years after an EIC has been granted, Minister for Economy and Labour Jason Hayward said, Speaking in the House of Assembly on Monday [Feb 27] the Minister noted that the... Read more of this article
Food Up 10.4% Annually, Up 1.8% Monthly
The average cost of eggs went up 50.3%, ice cream went up 21.1% and bread went up 19.0% on a year to year basis; while on a month to month basis, the average cost of lettuce increased by 40.9%, green peppers went up 20.1% and cantaloupes went up 7.9%. This is according to the recently released November Consumer Price Index which said that on an overall... Read more of this article
BMA Successful In British Steamship Petition
The Bermuda Monetary Authority [BMA] has successfully petitioned the Supreme Court to wind up British Steamship Protection and Indemnity Association [Bermuda] Limited. A spokesperson said, “The Bermuda Monetary Authority [BMA] has successfully petitioned the Supreme Court of Bermuda to wind up British Steamship Protection and Indemnity Association... Read more of this article
BILTIR Hosts Networking Event At ReFocus
Bermuda International Long Term Insurers and Reinsurers [BILTIR] hosted a networking event for Long Term insurance and reinsurance professionals at the ReFocus conference in Las Vegas, Nevada, on February 27. A spokesperson said, “The conference, which runs from February 26 to March 1, is jointly organised by the American Council of Life Insurers... Read more of this article
Bermuda Stock Exchange Report: Feb 27 2023
February 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,533.66, even on the day. There were 0 advances, 0 declines, and 67 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 9 2026 Bermuda Stock Exchange Report: Jan 8 2026 Bermuda Stock Exchange Report:... Read more of this article
Pinky’s Now Opens At 6am & Offers Breakfast
Pinky’s Drive Thru will now start opening at 6am and will be serving breakfast, offering burritos, oatmeal, coffee and pastries, with codfish & potatoes available on Saturdays. The company, which recently opened in Devonshire creating dozens of new jobs, said they will now be open from 6am to 7:30pm, Monday to Saturday, and noted that they added... Read more of this article
One Launches “Business-In-A-Box” Bundles
One Communications announced the launch of its new Business Bundles, called “Business in a Box,” which they said “offers everything a business needs to get started or grow their existing business, including Internet, Mobile, Business Phone, and Physical Security.” A spokesperson said, “The new bundles are fully customizable and... Read more of this article
Cash App Gets BMA Digital Asset Licence
[Updated] Cash App — a multi-billion dollar tech company best known for its popular app that allows people in the UK and US to send and receive money, buy stocks and more — has been granted a Digital Asset Business Licence by the Bermuda Monetary Authority. The licence was recently listed on the BMA’s website, with the listing stating,... Read more of this article
