Category: Business
Rosewood Recognized As Top Resort
Rosewood Bermuda has been named the #1 hotel in Bermuda by U.S. News & World Report, as well as receiving a four-star rating from Forbes Travel Guide Star Awards. A spokesperson said, “On February 2, U.S. News & World Report awarded Rosewood Bermuda, the island’s premier luxury resort, with a Silver Badge and ranked the property as the... Read more of this article
Diamond Standard Launch Coin Offering
Diamond Standard announced that they have commenced sales of the Diamond Standard Coin, the “first and only regulator-approved diamond commodity.” “Enabling the offering, Diamond Standard announces the issuance of a regulatory license from the Bermuda Monetary Authority, and a $15-million investment round led by Horizon Kinetics,”... Read more of this article
15th Meeting Of Financial Policy Council Held
The Financial Policy Council [FPC] held its fifteenth meeting on December 3rd 2020 via teleconference. All members were able to participate on the call. “The meeting focused on pathways to sustainable growth in Bermuda, discussing both risks and opportunities emerging from the new economic conditions created domestically and globally by the Covid-19... Read more of this article
Monument Re & Charles Taylor Transaction
Monument Re announced that it has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations, following receipt of regulatory approval from the Isle of Man Financial Services Authority and non-objection from the Bermuda Monetary Authority. LCL International Life Assurance Company Limited has been renamed Monument... Read more of this article
BDA To Participate In World Captive Forum
The Bermuda Business Development Agency announced its sponsorship and participation in the 2021 Virtual Business Insurance World Captive Forum, which will be held on February 24-25. A spokesperson said, “As a platinum sponsor of the forum, the BDA will put the spotlight on Bermuda’s role as the world’s leading captive domicile, facilitate... Read more of this article
Bermuda Stock Exchange Report: Feb 16 2021
February 16 saw 92,227 shares trade on the Bermuda Stock Exchange, valued at $1,976,297.75 BD. 3,227 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.8% at $33.25 per share, while another 89,000 shares were traded by BF&M Ltd, closing at an even $21.00 per share. The BSX finished at 2,291.75, up 0.59% on the day. There was 1... Read more of this article
Photos: MoonGate Gives Back On Valentine’s Day
Following a successful campaign last year, MoonGate Group once again distributed its “We Care Packages” to vulnerable persons in the community this Valentine’s Day, with the company increasing the number of packages from 100 to 150, expanding the contents, and provided them in a waterproof tote-bag. The company noted that they appreciated the... Read more of this article
Glenn Jones: Planning Phases For This Year
“Our planning phases for this year have been long underway and we are focussing on areas where we believe it’s possible to accelerate tourism’s recovery,” Bermuda Tourism Authority [BTA] Interim CEO Glenn Jones said. An email sent out to stakeholders by Mr Jones said, “Year-end tourism statistics released this week are the facts and figures... Read more of this article
Marriott Website Promotes St Regis Resort
Noting that it is due to open in May 2021, the Marriott website is promoting the St. Regis Bermuda Resort, calling it a “haven of oceanfront elegance situated in the historic town of St. George’s.” The Marriott website said, “A haven of oceanfront elegance situated in the historic town of St. George’s, The St. Regis Bermuda Resort... Read more of this article
Third Point Changes NYSE Ticker Symbol
Third Point Reinsurance Ltd. announced that, upon completion of its previously announced merger with Sirius International Insurance Group, Ltd. and in conjunction with the related change of its name to SiriusPoint Ltd., the Company will change its NYSE ticker symbol to “SPNT”. The new symbol is expected to become effective as of the opening... Read more of this article
Apex Announces Acquisition Of FundRock
Apex Group Ltd. announced the final close of the acquisition of FundRock Management Company SA and FundRock Partners Ltd following full regulatory approvals. A spokesperson said, “The FundRock brand will be retained, and will operated as a subsidiary of parent, Apex Group. FundRock’s clients will now benefit from Apex’s long-established... Read more of this article
Bermuda Stock Exchange Report: Feb 15 2021
February 15 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $21,000.00 BD. 1,000 shares were traded by BF&M Ltd, closing up 2.5% at $21.00 per share. The BSX finished at 2,278.34, up 0.20% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
