Category: Business
Bermuda Stock Exchange Report: May 3 2022
May 3 saw 2,079 shares trade on the Bermuda Stock Exchange, valued at $68,357.00 BD. 2,079 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.5% at $33.00 per share. The BSX finished at 2,376.84, up 1.14% on the day. There was 1 advance, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BUEI To Host Spring Market This Saturday
The Bermuda Underwater Exploration Institute will hold their Spring Market this Saturday, May 7th, from 10am until 3pm. A spokesperson said, “Local vendors are excited to provide the perfect last-minute gift for Mother’s Day at BUEI’s Spring Market this Saturday, May 7th, from 10am until 3pm. The Spring Market provides the perfect opportunity... Read more of this article
Hamilton Princess Donates $4,000 To WRC
During the month of March, the Hamilton Princess & Beach Club celebrated Women’s Month through various dining events which resulted in a $4,000 donation to the Women’s Resource Centre. $2,000 was raised through dining celebrations held at both 1609 Bar & Restaurant and Crown & Anchor, which was then matched by the owners of the hotel. The... Read more of this article
BDA To Welcome Global Climate Leaders
The invite-only Bermuda Climate Summit — which will be held from May 23 – 24 — is “already at capacity”, with the BDA CEO saying “we are honoured to welcome global leaders to Bermuda for this extraordinary event to network, share ideas, and discuss vital solutions to the global climate crisis.” A spokesperson said,... Read more of this article
“Expectation That Bermuda Will Be Removed”
“It is the Ministry’s expectation that Bermuda will be removed from Annex II in October 2022,” the Government said today, in reference to to the ‘grey list’ A Government spokesperson said, “In November 2021, the OECD’s Forum for Harmful Tax Practices [FHTP] issued Bermuda with an urgent recommendation to initiate certain... Read more of this article
Minister Joins BTA For Joint Stakeholder Meeting
Minister of Economy & Labour Jason Hayward recently joined the Bermuda Tourism Authority [BTA] for a joint hotelier stakeholder meeting hosted at Rosewood Bermuda. A Government spokesperson said, “This meeting is a follow-up to one held at the Hamilton Princess and Beach Club in December 2021. It represents stakeholders’ ongoing commitment... Read more of this article
Hamilton Princess & Goslings Join EcoSPIRITS
The Hamilton Princess and Goslings are supporting the ecoSPIRITS Climate Partner Program, with Goslings to offer its rums in low-waste ecoTOTE format and the Hamilton Princess serving two special sustainable cocktails for the months of May, June and July. A spokesperson said, “To mark the local launch of closed loop service in Bermuda, ecoSPIRITS and... Read more of this article
Sue Couper Joins LOM As General Manager
LOM Financial Group announced that Sue Couper has joined LOM as General Manager, LOM Asset Management Limited. A spokesperson said, “This is her second tenure with LOM, having spent 5 years previously with the company as Managing Director for LOM Financial [Bermuda] Limited. “Sue has nearly four decades of experience in financial services.... Read more of this article
BMA: $2 Million In Civil Penalties On Conyers
The Bermuda Monetary Authority has levied civil penalties of just over $2 million on Conyers Corporate Services Limited and Conyers Trust Company [Bermuda] Limited for “historic failures to adequately comply” with certain regulations. Conyers Corporate Services Limited: $981,000 A spokesperson said, “The Bermuda Monetary Authority... Read more of this article
BELCO: Fault In Hamilton Being Repaired
[Updated] BELCO advised that there has been a “fault in the underground transmission network in Hamilton under Dundonald Street between Parliament Street and Court Street. A spokesperson said, “BELCO crews are on-site and work to fix the fault will commenced Monday evening. As the fault is underground repairs are expected to last until Friday,... Read more of this article
SiriusPoint Builds Out Technology Team
SiriusPoint Ltd has made appointments to its information technology team, “building out a diverse set of expertise to transform the way the company operates and supports its business functions.” A spokesperson said, “SiriusPoint Ltd, a global insurer and reinsurer, has made key appointments to its information technology team, building... Read more of this article
Argo Group Reports First Quarter 2022 Results
Argo Group International Holdings announced financial results for the three months ended March 31, 2022. Argo reported a net loss attributable to common shareholders of $3.6 million or $0.11 per diluted common share, for the first quarter 2022, compared to net income attributable to common shareholders of $27.2 million or $0.78 per diluted common share... Read more of this article
