Category: Business
Somers 2022 Annual General Meeting Results
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced the results of their 2022 Annual General Meeting. The full filing stated: “Somers Limited, a financial services investment holding company, is pleased to announce that all the resolutions at the 2022 Annual General Meeting of the Company held earlier today were passed.” Related... Read more of this article
Govt Releases Guide To Working In Bermuda
“Being aware of your rights and obligations is one of the most important things employees and employers can do. It helps prevent and resolve disputes regarding workplace entitlements and generates more reliable and productive working environments,” said Minister of Economy and Labour Jason Hayward, following his Ministry’s latest publication,... Read more of this article
Arch Capital Reports 2022 Fourth Quarter Results
Arch Capital Group Ltd. [ACGL] announced its 2022 fourth quarter results. A spokesperson said, “The results included: Net income available to Arch common shareholders of $849.5 million, or $2.26 per share, a 29.5% annualized net income return on average common equity, compared to $613.1 million, or $1.58 per share, for the 2021 fourth quarter; After-tax... Read more of this article
Bermuda Stock Exchange Report: Feb 14 2023
February 14 saw 2,796 shares trade on the Bermuda Stock Exchange, valued at $96,462.00 BD. 2,796 shares were traded by Bank of N.T. Butterfield Ltd, closing up 6.2% at $34.50 per share. The BSX finished at 2,446.47, up 4.59% on the day. There was 1 advance, 0 declines, and 66 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Aspen Appoints New Head Of Communications
Aspen Insurance Holdings Limited has appointed Yasmin Saleh as Head of Corporate Communications, effective February 13, 2023. A spokesperson said, “Yasmin joins Aspen after 15 years with Aviva. During her time, she served in various senior roles, most recently as Head of Communications Strategy and Planning. “Yasmin has extensive experience... Read more of this article
Photos: Protest On Food Prices In Bermuda
[Written by Don Burgess] It may be Valentine’s Day, but a community group has no love for the high food prices in Bermuda. One and a Half Bags started their protest by the MarketPlace in Hamilton today, but that will not be the last store the group will be at to express concern about food prices. Protest signs included “The Lord Giveth, merchants... Read more of this article
Randall Krebs Named As Top Trustee For 2023
Randall Krebs of Harbour International Trust Company Limited named as a Top Trustee for 2023 based upon independent research conducted by Citywealth. “We are delighted to see Randall listed in the Top 20 Trustees 2023 which is a research-led editorial feature highlighting the ‘need to know’ trustees in the wealth management and private client... Read more of this article
BEDC: “The Expo Was A Resounding Success”
The Bermuda Economic Development Corporation [BEDC] recently hosted the first annual Somerset EEZ Small Business Expo “aimed at supporting the growth and development of small businesses in Bermuda.” A spokesperson said, “The event brought together local entrepreneurs, business owners, and community leaders for a day of networking, learning,... Read more of this article
Chamber Announces Budget Breakfast Panelists
The Bermuda Chamber of Commerce announced the roster of panelists for their Annual Budget Breakfast event to be hosted at Hamilton Princess Hotel on Monday, 20th February. A spokesperson said, “The event, sponsored by PwC, will give attendees the chance to gain valuable insights from government, finance, and business leaders as they discuss the implications... Read more of this article
AES Announces New Enrichment Workshops
The Adult Education School today announces a “new series of community enrichment workshops designed to help you improve your life.” A spokesperson said, “Three classes – which will take place at the school’s building on Dundonald Street, Hamilton, in February and March, 2023 – are the first wave of workshops since the AES relaunched... Read more of this article
De Couto: We Need Answers On Fairmont Hotel
[Updated] “It’s now two years since the Fairmont Southampton closed and there still appears to be no progress on the site,” OBA Senator Douglas De Couto said, adding that while they have questions for the Government “based on the history of missed deadlines, lack of transparency, and unmet promises, we are unlikely to get any answers.” Senator... Read more of this article
No Timetable On Full PIPA Enactment Yet
“Despite speculation in the community, our office has not received a timetable re full PIPA enactment from Government other than the announcement in the Throne Speech of the intention to do so in the coming year,” the Office of the Privacy Commissioner for Bermuda said. In a post on LinkedIn, the organisation said, “Despite speculation... Read more of this article
