Category: Business
Chamber Of Commerce Response To Budget
The Bermuda Chamber of Commerce released a response to the 2023 Budget, saying that “while we expect there is much relief in the local business community with respect to the budget, the island’s large debt burden continues to be the Damocles sword that hangs over the economy.” A spokesperson said, “The Bermuda Chamber of Commerce commends... Read more of this article
Fee Increases: Court Fees, Top Land Tax & More
The Government “will not be implementing an across the board increase in fees that would impact all government services” Premier David Burt said, adding that there will, however “be adjustments to fees to support the Government’s necessary infrastructure investment” and the some fees will increase by 5% including, but not limited... Read more of this article
Deloitte Release 2023/24 ‘Budget Snapshot’
Following the delivery of the 2023 Budget by Premier David Burt this morning [Feb 17] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech in an easy to read format. You can click here to view our live blog, and click here to view all our coverage of the 2023 Budget. The... Read more of this article
Bermuda National Trust Auction & Jumble Sale
The Bermuda National Trust [BNT] Auction & Jumble Sale is back after a two-year hiatus. A spokesperson said, “After a two-year hiatus, the Bermuda National Trust [BNT] is delighted to host its annual Auction & Jumble Sale at the Jack King Building and Commercial Slat House in the Botanical Gardens again. “Bermuda’s largest recycling... Read more of this article
PartnerRe Declares Preferred Shares Dividend
PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 15, 2022 – March 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on March 15, 2023 to shareholders of record on February 28, 2023. Related Stories PartnerRe... Read more of this article
AXIS Capital Aims To Transition To Low-Carbon
AXIS Capital Holdings Limited announced its “commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas [GHG] emissions by 2030 across its global operations.” A spokesperson said, “The action is the Company’s latest step in its ambition to transition to a low-carbon economy. Using a 2019 baseline, AXIS’s science based... Read more of this article
Bermuda Stock Exchange Report: Feb 16 2023
February 16 saw 4,424 shares trade on the Bermuda Stock Exchange, valued at $157,474.00 BD. 4,308 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.8% at $36.50 per share, while another 116 shares were traded by Bermuda Aviation Services Ltd, closing even at $2.75 per share. The BSX finished at 2,553.74, up 4.38% on the day. There was... Read more of this article
Clarien Bank Increases Base Lending Rates
Commencing March 1, 2023, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] and the USD Prime base lending rate by 75 basis points [0.75%] following the US Federal Reserve rate increase on February 1, 2023. A spokesperson said, “Clarien base lending rates will increase as follows: BMD Personal Increase... Read more of this article
Canopius Group Appoints Mike Butler
Canopius Group, a leading global specialty reinsurer, announced the appointment of Mike Butler as Head of Management and Professional Lines, Bermuda, reporting to Laurie Banez, Head of Casualty and Head of Management and Professional Lines, reinforcing the company’s professional lines capabilities across the U.S. and Bermuda region. A spokesperson... Read more of this article
Chief People Officer Joins Mosaic Insurance
Strategic human resources executive Claire Eeles has joined Mosaic as the specialty insurer “continues its growth of geographies and talent.” Based in London, Eeles has been appointed Chief People Officer and a member of the company’s leadership team. “We are excited about adding Claire to Mosaic’s leadership team—it’s a strong... Read more of this article
Bermuda Stock Exchange Report: Feb 15 2023
February 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,446.47, 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: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange... Read more of this article
BTA Release Year End Visitor Arrivals Report
In 2022 Bermuda “had a total visitor arrival [air, cruise & yacht] recovery of 68% of 2019,” the BTA said today, adding that “air visitors recovered to 54% of 2019 levels, while cruise visitors recovered to 75%.” A spokesperson said, “Bermuda Tourism Authority [BTA] released the 2022 Year End Visitor arrivals report.... Read more of this article
