Category: Business
Cost Of Minister Hayward’s Trips: $2,749 & $985
A trip in October 2022 by Minister of Economy and Labour Jason Hayward to Barbados for the FINTECH Islands Barbados 2022 cost $2,749.04, and a trip in September 2022 to Miami, Florida for Caribbean Infrastructure Forum CARIF 2022 cost $985.15, according to recent listings on the Government’s travel webpage. FINTECH Islands Barbados 2022 The trip duration... Read more of this article
MarketPlace Christmas Holiday Store Hours
The MarketPlace has provided information about their opening hours during the Christmas holiday. Monday, December 19 – Friday, December 23 - All stores open 7am – 9pm Saturday, December 24 - All stores open 7am – 7pm Sunday, December 25 & Monday, December 26 - Closed Tuesday, December 27 - All stores closed except... Read more of this article
Cost Of Minister Furbert’s Trips: $1,959 & $1,238
A trip in December 2022 by Minister of Transport Wayne Furbert to New York for a meeting with airline executives cost $1,959.95, and a trip to Miami, Florida for the meetings with Cruise Line partners cost $1,238.10, according to recent listings on the Government’s travel webpage. Meeting with Airline Executives: $1,959.95 The trip duration was listed... Read more of this article
AM Best Assigns Credit Ratings To Fontana Re
AM Best has assigned a Financial Strength Rating [FSR] of A [Excellent] and a Long-Term Issuer Credit Rating [Long-Term ICR] of “a+” [Excellent] to Fontana Reinsurance Ltd. [Fontana Re]. AM Best has assigned a Financial Strength Rating [FSR] of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] to Fontana Reinsurance Ltd.... Read more of this article
Photos, Video & 360: Court Street Market
The merchants of Court Street held another Court Street Market Christmas Extravaganza today [Dec 18] with a wide variety of items for sale, music and more, offering locals shopping options in advance of Christmas Day. Gary Augustus previously said, “All the shops on Court Street will be open such as Jamaican Grill, Soul food Grill and Café Connections... Read more of this article
AM Best Affirms Credit Ratings Of Group Ark
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Group Ark Insurance Limited [GAIL] [Bermuda]. GAIL is a wholly owned subsidiary of Ark Insurance Holdings Limited [Ark], the non-operating holding company of the Ark group. Concurrently, AM Best has affirmed the Long-Term... Read more of this article
AM Best Affirms Credit Ratings Of OCIL Specialty
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of OCIL Specialty Ltd [OSL] [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect OSL’s balance sheet strength, which AM Best assesses as very strong, as well as its... Read more of this article
‘Late Night Shopping Spree’ On Court Street
Christmas bargains will be up for grabs at the “Late Night Shopping Spree” on Court Street and its surrounding areas next week. Court Street will come to life for the festive period from Monday to Saturday, with shops remaining open from 6 pm to 10 pm. Among the attractions will be live entertainment, a children’s play zone, nightly discounts... Read more of this article
RA Announces Decrease In 2023 Retail Tariff
The Regulatory Authority of Bermuda announced that effective January 1, 2023, “approximately 85% of all customers classes will experience a decrease in the 2023 Retail Tariff, which is part of the BELCO bill.” A spokesperson said, “Specifically, on average, residential rates will decrease by 0.25%, commercial rates by an average of... Read more of this article
Shipping Schedule: Week Starting December 17
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday Shipping Schedule: Week Starting December 17th. On Saturday the African Juniper bulk carrier is expected, on Monday the Oleander container ship and the Evie PG oil products tanker will arrive, and on Tuesday the Somers Isles... Read more of this article
Fidelis Appoints Mathias, Bellamy & Davern
Fidelis Insurance announced three senior promotions, effective immediately; Charles Mathias to Deputy Chairman, Matthew Bellamy to Director of Underwriting, and Michael Davern as a member of the Executive Committee. A spokesperson said, “Fidelis Insurance [Fidelis] is pleased to announce three senior promotions, effective immediately. Charles Mathias... Read more of this article
BELCO To Implement New Rates On Jan 1st
BELCO will implement new rates for all customers beginning January 1st, 2023, and the company said the “average residential customer using 650 kWhs per month will see a $6 decrease in their bill.” A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] will implement new rates for all customers beginning January 1st, 2023.... Read more of this article
