Category: Business
Virtual BizCamp Set For April And May
The Youth Entrepreneurship Initiative [YEI] will be offering an online and Zoom coaching version of its BizCamp program during the months of April and May. A spokesperson said, “The Youth Entrepreneurship Initiative, in conjunction with the Economic Development Department, will offer an innovative online and Zoom coaching version of their traditional... Read more of this article
Penny & Drum’s Spring/Summer Line For 2021
Penny & Drum’s new Spring/Summer line for 2021 includes a number of Bermuda themed scents – Bermuda Freesias, Bermuda Coconut Rum, The Tempest, Bermuda Cedar, Crystal Caves, Ginger Beer, Grotto Bay, Hibiscus Flower, Paradise Lakes, and Pina Colada. A spokesperson said, “These are in addition to the revamped core collection of the ever... Read more of this article
Oil Insurance Declares $380 Million Dividend
During OIL’s Board Meeting, the directors approved the Company’s 2020 financial statements, discussed the development of its Strategic Plan, and approved the payment of a $380 million dividend on June 30th. A spokesperson said, “OIL held its March 2021 Board Meeting on Wednesday, March 24th at its offices on 3 Bermudiana Road in Hamilton,... Read more of this article
Bermuda Stock Exchange Report: March 29 2021
March 29 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,604.04, even on the day. There were 0 advances, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 29 2025 Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report:... Read more of this article
BF&M Reports Net Earnings Of $20.5 Million
BF&M Limited today delivered 2020 shareholders’ net income of $20.5 million. Shareholders’ net income for 2019 was $11.9 million. Group Chairman and CEO John Wight stated: “BF&M reported strong operating results for 2020, demonstrating resilience in an extraordinary year. Against a backdrop defined by the Covid-19 pandemic, drivers of... Read more of this article
New ABIR Members: Conduit, Canopius, Mosaic
The Association of Bermuda Insurers and Reinsurers [ABIR] announced that Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance will be new members of ABIR, bringing their total membership to the largest in its 28-year history. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] announced new global market entrants... Read more of this article
Clarien Bank Changes Hours To 9am – 2pm
In light of an increase in Covid-19 cases and in accordance with current Government regulations, Clarien said they “will limit normal banking operations in the best interest of its employees, clients and residents of our community.” A spokesperson said, “Effective Tuesday, March 30, please note changes to Clarien operating hours, in addition... Read more of this article
Retail Stores 20% Occupancy, Staff Excluded
Following the new restrictions that took effect yesterday [Sunday], the Bermuda Government released a graphic to provide guidance on the regulations for maximum occupancy for retails and grocery stores. The graphic says, “Retail and grocery stores are open with occupancy limited to 20% to achieve appropriate physical distancing of 6ft between... Read more of this article
Stationery Store Launches New Website
The Stationery Store has launched their new website which they said is “developed to not only be fully functional with online payment capabilities but to also be user friendly.” A spokesperson said, “The Stationery Store recently introduced its first online website and a whole new way to experience shopping your favorite brands. “www.stationerystore.bm... Read more of this article
BSX Will Be Closed For Easter Holiday
The Bermuda Stock Exchange [BSX] will be closed on Friday, April 2, in observance of the Good Friday Public Holiday. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on Friday, 2nd, April 2021, in observance of the Good Friday Public Holiday. The BSX will re-open on Monday, 5th, April 2021.” Related... Read more of this article
Cruise Website Starts Offering Bookings Today
The Royal Caribbean cruise line website has today launched booking for the cruises set to sail from their new homeport of Bermuda, with the first cruise scheduled to depart from Bermuda on June 26th. According to their website, prices start at $548 per person — not including taxes, fees and port expenses — for an interior room, with prices... Read more of this article
BILTIR Appoints Scott Selkirk To Board
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has appointed Scott Selkirk to its Board of Directors. Mr. Selkirk, who has chaired the BILTIR Strategy Committee, is Chief Underwriting Officer at Somerset Re. He moved to Bermuda in 2007, and he was previously Head of Pricing at Standard Life of Canada’s Bermuda branch. BILTIR represents... Read more of this article
