Category: Business
Clarien Launch Holiday GiveBack Campaign
Clarien announced the launch of their 16th Annual Holiday GiveBack Campaign, with donations going to support local feeding charity Meals on Wheels. A spokesperson said, “Running from now until December 31, 2022, the Holiday GiveBack programme encourages Clarien employees, customers and the wider community to celebrate the season of giving by working... Read more of this article
Loren Hotel To Hold Holiday Market On Dec 4
The Loren Hotel will hold its first annual holiday market on Sunday, December 4th from 4.30pm to 8.30pm, showcasing 24 local vendors. A spokesperson said, “A $20 entry fee will include a glass of festive bubbles. There will be free entry for children as well as seniors. “Holiday beverages and bites from Mulled Wines, Candied Apples, Cinnamon... Read more of this article
Fidelis Receives Regulatory Approval For MGU
Fidelis Insurance Holdings Limited has received regulatory approval from all relevant regulators for the transaction creating a new Managing General Underwriter, separate from the existing balance sheet insurance companies A spokesperson said, “Approvals or non-objections have been received from the FCA and PRA in the UK, CBI in Ireland, FSMA... Read more of this article
ABIC Pledges Continued Support For ACRE
The Association of Bermuda International Companies [ABIC] said they have “renewed its commitment to support the Association for Corporate Racial Equity [ACRE], an organization focused on enhancing success in Bermuda’s International Business [IB] sector by fostering racial equity.” A spokesperson said, “Over the past decade in particular,... Read more of this article
Shipping Schedule: Week Starting November 26
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday November 26th. On Monday the Oleander container ship and the Norwegian Joy cruise ship are expected, on Thursday the Bermuda Islander container ship will arrive, and on Friday the MSC Seascape cruise ship is scheduled to... Read more of this article
Markel Merges PFR With Expanded Cyber Team
Markel International, a subsidiary of Markel Corporation [MKL] announced that it will merge its professional and financial risks [PFR] division with its recently expanded cyber team. A spokesperson said, “The decision to merge the two divisions is part of the wholesale business’ efforts to simplify the trading experience for its broking partners... Read more of this article
Bermuda Stock Exchange Report: Nov 25 2022
November 25 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $4,900.00 BD. 800 shares were traded by Argus Group Holdings Ltd, closing down 21.0% at $5.05 per share, while the other 200 shares were traded by Bermuda Press [Holdings] Ltd, closing down 9.5% at $4.30 per share. The BSX finished at 2,350.80, down 1.37% on the day. There... Read more of this article
PR Firm Offers Small Business Black Friday Deal
A public relations firm is offering small businesses an opportunity to book media services at a reduced rate in honour of Black Friday. Mikaela Ian PR, owned by Mikaela Ian Pearman and recently a finalist for the BEDC Start up of the Year 2022, has launched a special PR consulting package to help small business owners get media exposure as the holiday... Read more of this article
Princess Serves Dinner At Salvation Army
The Hamilton Princess & Beach Club kicked off the festive season by serving up its annual Thanksgiving dinner yesterday [Nov 24] at The Salvation Army North Street Citadel in Hamilton. Hotel General Manager, Tim Morrison, handing out Thanksgiving dinners, while Kelli Edwards, Salvation Army CFS Worker, looks on. Hotel Director of Sales &... Read more of this article
GDP Decreased 1.7% In 2nd Quarter Of 2022
According to the Quarterly Gross Domestic Product [GDP] report from the Department of Statistics, during the second quarter 2022, GDP at “constant prices was estimated at $1,498.7 million, falling 1.7% year-over-year after adjusting for inflation.” Charts extracted from the report: Speaking a press conference yesterday, Minister of Economy and... Read more of this article
PrivCom Welcomes New Assistant Commissioner
Assistant Privacy Commissioner Christopher Moulder is the newest member of the senior leadership team at The Office of the Privacy Commissioner [PrivCom]. He shared, “It is important for all Bermudians to understand their privacy rights and remain in control of their information. PIPA will provide Bermudians with these rights, and I look forward... Read more of this article
AM Best Affirms Credit Ratings Of Transmonde
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Transmonde Services Insurance Company Limited [Transmonde] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Transmonde’s... Read more of this article
