Category: Business
Cost Of Living Commission Act In Force Today
“The Cost of Living Commission Amendment Act 2020 is being brought into force as of today,” Premier and Minister of Finance David Burt said in the House of Assembly today [June 17]. The Premier said, “The Cost of Living Commission Amendment Act 2020 provided for the following: Increased powers for the Chair of the Cost of Living Commission... Read more of this article
Carol Dixon Qualifies As Chartered Director
Carol Dixon has qualified as a Chartered Director. A spokesperson said, “The Institute of Directors Bermuda [IoD] is delighted to announce that an eighth local resident has qualified as a Chartered Director, after welcoming the seventh just a month ago. “Carol Dixon is the latest person to complete all three stages of this internationally recognised... Read more of this article
BizCamp For Aspiring Teen Entrepreneurs
Aspiring teen entrepreneurs are invited to spend 8-days at BizCamp to impact their way of thinking about the future. The camp, run by the Youth Entrepreneurship Initiative, returns to full day, in person workshops and group activities at Bermuda College with two sessions beginning July 4th and July 18th. Joe Mahoney, executive director of the YEI said:... Read more of this article
PartnerRe Appoints Sima Ruparelia
PartnerRe Ltd. announced that Sima Ruparelia will join PartnerRe, effective June 27, in the role of Chief Actuarial and Risk Officer. A spokesperson said, “Ms. Ruparelia will be responsible for Risk and Capital, Non-Life Reserving and Pricing and Life Reserving [2nd Line]. She will be based in London and will report to PartnerRe’s President and... Read more of this article
BSX Closed For National Heroes Day Holiday
The Bermuda Stock Exchange [BSX] advised that the Exchange will be closed on Monday, June 20th in observance of the Bermuda National Heroes Day Public Holiday. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on Monday, 20th, June 2022 in observance of the Bermuda National Heroes Day Public Holiday. The... Read more of this article
Bermuda Stock Exchange Report: June 16 2022
June 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,116.51, even on the day. There were 0 advances, 0 declines, and 64 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 Report:... Read more of this article
Premier Joins ABIR & Lloyd’s Leaders In London
Leaders from the Bermuda and Lloyd’s re/insurance markets joined Premier and Minister of Finance David Burt in a roundtable discussion in London. “The Association of Bermuda Insurers and Insurers [ABIR] organized the event, which is on the schedule for a Bermuda Business Development Agency delegation, led by Premier Burt, visiting the United... Read more of this article
Ignite Launches Second Internship Programme
Ignite Bermuda has launched its second Young Adult Entrepreneurial Internship programme thanks to the support of HSBC Group and HSBC Bank Bermuda. A spokesperson said, “The 8-week internship programme aims to support local young adults’ passions for entrepreneurship through workshops with industry experts and project-based internships within some... Read more of this article
Polaris Holding Company Announces Dividend
In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced a dividend. The full filing stated: “Please note that, on 15 June 2022, the Directors of Polaris Holding Company Ltd., resolved that a dividend in the amount of BD $0.10 per share be declared to the shareholders of record as at 24 June 2022, payable on 30... Read more of this article
Bermuda Stock Exchange Report: June 15 2022
June 15 saw 2,412 shares trade on the Bermuda Stock Exchange, valued at $71,160.60 BD. 2,412 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.5% at $29.50 per share. The BSX finished at 2,116.51, down 1.13% on the day. There were 0 advances, 1 decline, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Following US Change, Butterfield Adjusts Rates
The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits by half a percentage point, absorbing a third of the rise.” A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer... Read more of this article
Harbour Nights Cancelled This Evening
The Bermuda Chamber of Commerce announced that this evening’s [June 15] Harbour Nights event has been cancelled due to the weather. A spokesperson said, “The Bermuda Chamber of Commerce would like to inform the public of their decision to cancel Harbour Nights this evening. The Bermuda Weather Service Forecasts rainfall and increased winds... Read more of this article
