Category: Business
Bermuda Stock Exchange Report: May 5 2022
May 5 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,376.84, 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 31 2025 Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock Exchange Report:... Read more of this article
OBA Leader: ‘A Bad Deal For Bermuda’
[Updated] Calling it a “bad deal for Bermuda,” Opposition Leader Cole Simons said that by ”conceding 15 years of tax concessions – Bermuda will forfeit revenue estimated at over $128 million dollars just for the hotel.” Mr Simons was speaking about the ‘Fairmont Southampton Hotel Act 2022′, which grants a number of customs... Read more of this article
CG Completes Acquisition Of Massy United
Bermuda-based Coralisle Group [CG] has acquired a 100% interest in Massy United Insurance Ltd. of Barbados [United]. A spokesperson said, “United now operates within the Coralisle Group as CG United Insurance Ltd. [CG United]. The acquisition significantly expands CG’s presence across the Caribbean, adding 14 new markets where CG United operates. “These... Read more of this article
Bank Of Butterfield Adjusts Interest Rates
The Bank of Butterfield announced that, in response to yesterday’s 50 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits. A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans will increase by 0.50%. The rate increase... Read more of this article
Column: MP Caesar On Tourism, Hotel & More
[Opinion column written by MP Crystal Caesar] The Government’s support for the development project on the Fairmont Southampton site is essential to jumpstart our tourism industry and add desperately needed hotel beds to our product. It will mean hundreds of jobs and opportunities for Bermudians. Over the years, successive governments [UBP, PLP and... Read more of this article
Assured Guaranty Declares $0.25 Dividend
Assured Guaranty Ltd. – a publicly traded Bermuda-based holding company – declared a quarterly dividend of $0.25 per common share. The dividend is payable on June 1, 2022 to shareholders of record at the close of business on May 18, 2022. Related Stories Assured Guaranty Rebrands BlueMountain Assured Completes Acquisition Of BlueMountain Assured... Read more of this article
Bermuda Stock Exchange Report: May 4 2022
May 4 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,376.84, 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 31 2025 Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock Exchange Report:... Read more of this article
Hamilton Insurance Appoints Minarik & Kirkland
Hamilton Insurance Group, Ltd. today announced the appointments of Devon Minarik and Logan Kirkland. A spokesperson said, “Hamilton Insurance Group, Ltd. today announced the appointments of Devon Minarik as Head of US Small Business Casualty Insurance and Logan Kirkland as Head of US Products Liability & Contractors Insurance at Hamilton Select... Read more of this article
$6,000 In Prizes For Drive Thru Naming Contest
With the Devonshire drive thru set to open soon, a contest is being held inviting the public to submit a name for the business, with the winner receiving $6,000 worth of prizes. A spokesperson said, “The new Devonshire drive thru is set to open in just a few weeks. “There has been a fantastic response from the community. Interest has sparked... Read more of this article
Mandatory National Welder Recertification Testing
The Department of Workforce Development will be holding mandatory National Welding Recertification testing during the week of 9 May 2022 at the Bermuda College Welding Facility. A Government spokesperson said, “Under the National Occupational Certification Act 2004, all welders must be “Nationally Certified,”. Maintaining this standard required... Read more of this article
Apollo Bermuda Appoints Susan Pateras
Apollo Group Holding Ltd. announced the appointment of Susan Pateras as independent non-executive chair of Apollo Bermuda Limited, the Group’s recently established Bermudian subsidiary, effective immediately. “Pateras brings more than 25 years of experience across markets in London, New York and Bermuda with demonstrable in-depth knowledge and... Read more of this article
Aspen Insurance Report Twelve Months Results
Aspen Insurance Holdings reported results for the twelve months ended December 31, 2021. Mark Cloutier, Group Executive Chairman and Chief Executive Officer, commented: “I am pleased to report that 2021 was a further year of good progress at Aspen, with the business reporting a net income of $29.8 million and an operating income of $95.1 million,... Read more of this article
