Category: Business
Simply Business Partners With Arch Insurance
Simply Business partners with Arch Insurance to expand professional liability product offering. A spokesperson said, “Simply Business, LLC., a Boston-based digital insurance company focused on small businesses, today announced a partnership with specialty insurer Arch Insurance to offer monoline professional liability solutions to small business... Read more of this article
New ‘Private Dog Park’ Opens In Smith’s
Amy Terceira, certified dog behavior consultant and owner of Dog Gone Good, has opened a “private for hire dog park” in Smith’s. A spokesperson said, “Public dog parks can be a free for all, unsafe, and a risky place to socialize your dog. That’s why Amy Terceira, certified dog behavior consultant and owner of Dog Gone Good, decided... Read more of this article
AM Best Affirms Legal & General’s Ratings
AM Best has assigned the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] to Legal & General Reinsurance Company No. 2 Limited. [L&G Re 2] [Bermuda]. The outlook assigned to these Credit Ratings is stable. L&G Re 2 was established in 2021 and is ultimately owned by Legal & General... Read more of this article
Bermuda Stock Exchange Report: Dec 14 2022
December 14 saw 15,700 shares trade on the Bermuda Stock Exchange, valued at $123,969.00 BD. 700 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share, while the other 15,000 shares were traded by Bermuda Press [Holdings] Ltd, closing up 86.0% at $8.00 per share. The BSX finished at 2,424.96, up 0.24% on the day. There... Read more of this article
OnTrack ‘Osagi’ Socks To Help Fund Scholarship
[Written by Stephen Wright] A local clothing and apparel company is helping to provide funds for a scholarship in collaboration with the family of the late Osagi Bascome in memory of the Bermuda footballer. OnTrack Bermuda has launched a range of colourful socks carrying the name of Bascome, who died after being stabbed in St David’s last December.... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of N.T. Butterfield announced that “in response to today’s 50 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing half of the rise.” A spokesperson said, “The change in base rates applies to Bermuda dollar... Read more of this article
Entrepreneurs ‘Pop-Up’ For The Holiday Season
A pop-up shop in Washington Mall features four members of the Enterprise Bermuda Incubator Program, including Dayrosia by Felica De Roza, Enzuri Beauty by Kisha Tyrrell, Nia Concierge by Sherlrina Thomas, and Lacquered Lounge by Astoria Smith. A spokesperson said, “The Bermuda Economic Development Corporation sponsors a pop-up shop in Washington... Read more of this article
BF&M: No Share Repurchases In November 2022
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of November 2022 the company has not repurchased any shares. Related Stories Veronica Swan DeGraff Earns BF&M Scholarship BF&M & Argus Summer Internship Programme Photos & Video: BF&M Breast... Read more of this article
Bermuda Stock Exchange Report: Dec 13 2022
December 13 saw 4,990 shares trade on the Bermuda Stock Exchange, valued at $169,660.00 BD. 4,990 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.5% at $34.00 per share. The BSX finished at 2,419.21, up 1.12% on the day. There was 1 advance, 0 declines, and 67 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BDA Elect Michael Hanson & Susan Pateras
The Bermuda Business Development Agency [BDA] board elected Michael Hanson as the new Chairperson and Susan Pateras as the Deputy Chairperson, and also welcomed Stuart Lacey to the Board. A spokesperson said, “On December 5, the Bermuda Business Development Agency [BDA] held its Annual General Meeting and Board of Directors meeting. At this meeting,... Read more of this article
Ariel Re Donates Almost $100,000 In 2022
Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, donated almost $100,000 to charities in 2022. “I’d like to thank our staff who have so generously given their time and money to support such a wide range of good causes in Bermuda and in London,” said Veronica King, Chair of the Ariel Re Charity Committee. “Ariel... Read more of this article
Terré Smith Joins Centennial Bermuda Foundation
The Centennial Bermuda Foundation said they welcome Terré Smith to the newly created role of Programme & Operations Coordinator, bringing their staff to a team of three. A spokesperson said, “Terré will support the day-to-day operations of Centennial and its Grant Review Committees, Board of Directors, and Board Sub-Committees. “As... Read more of this article
