Category: Business
Carla Seely Column: Pension Plan Rollovers
[Written by Carla Seely] Rarely does an employee work for the same employer for fifty years. For most of us, we have worked for different organizations in a variety of different capacities during our working lives and, during our tenure at these various organizations, most of us have accumulated some pension funds along the way. However, many of us... Read more of this article
Bermuda Cricket Board Partners With BF&M
The Bermuda Cricket Board [BCB] has entered into a sponsorship agreement with BF&M Limited for the BCB Women’s National Training Team and the U19 Men’s National Training Team. A spokesperson said, “The Executive of the Bermuda Cricket Board is pleased to announce a sponsorship agreement with insurance company BF&M Limited for the BCB... Read more of this article
Cost For Load Of Water To Increase To $120
The Bermuda Water Trucker’s Association [BWTA] announced that the cost for a load of water is set to increase to $120, effective 1st June 2022. The industry cited “absorbing rapidly increasing costs, having held the rate with no increase to the consumer throughout the pandemic, and since 2017.” Related Stories Watlington Waterworks Report... Read more of this article
Help Develop Bermuda’s Hospitality Education
Tracy Berkeley — the Chief Administration Officer Bermuda Tourism Authority — has asked tourism stakeholders to sign up to be a part of the development of the new Hospitality Signature School, noting that the deadline is May 24th. In an email sent out to stakeholders, BTA Chief Administration Officer Tracy Berkeley said, “As you may know,... Read more of this article
TLC: Preparing To Receive Access Requests
“It’s vitally important your staff know how to deal with an access request effectively and efficiently,” the TLC Group said. A spokesperson said, “The right of access is a cornerstone of data protection legislations such as Bermuda’s PIPA, Barbados’ DPA, EUs GDPR, and the UK DPA. More and more people are realising the power these... Read more of this article
Photos, Video & 360: Court Street Market
The merchants of Court Street held another Court Street Market today [May 22] with the ‘Court Street Market Bermuda Day Heritage celebration’ featuring a wide array items for sale including clothing, sunglasses, beauty products, shoes, candles, jewelry, books, purses, hats, and much more. Related... Read more of this article
Tourism Minister Meets Hotel Property Managers
“The Government is committed to strengthening working relationships with our tourism stakeholders,” said Minister of Tourism Vance Campbell as he visited tourist accommodations across the island to meet with managers. Minister Campbell — accompanied by MP Crystal Caesar — met with Mid Ocean Club General Manager Austen Gravestock,... Read more of this article
Minister Hayward: Bermuda Is Open For Business
While attending the Executive Forum in New York earlier this month, Minister of Economy and Labour Jason Hayward said he “restated the Government’s commitment to ensuring Bermuda remains a top tier business jurisdiction and a place where businesses can come to thrive” and “made it clear to all that Bermuda is open for business.” A... Read more of this article
AM Best Affirms Convex Group Ratings
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Convex Re Limited [CRL] [Bermuda], Convex Insurance UK Limited [CIL] [United Kingdom], Convex Europe S.A. [CES] [Luxembourg] and Convex Guernsey Limited [CGU] [Guernsey]. All four entities are wholly owned subsidiaries... Read more of this article
PartnerRe Declares Preferred Shares Dividend
PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2022 – June 14, 2022 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on June 15, 2022 to shareholders of record on May 31, 2022. Related Stories PartnerRe... Read more of this article
Shipping Schedule: Week Starting May 21
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 21st. Saturday the Enchantment of the Seas cruise ship is expected, on Sunday the Norwegian Pearl cruise ship, the Free Volunteer crew transfer and the Oleander container ship will arrive, and on Monday the Owl 2 oil... Read more of this article
Enstar Completes Agreement With Aspen
Enstar Group announce that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and prior business. Enstar will assume net loss reserves of $3.12 billion, subject to a limit of $3.57 billion. The existing adverse... Read more of this article
