Category: Business
September Cruise To Bermuda Listed At $189
In light of the effects of the ongoing Covid-19 pandemic on the global tourism industry, cruise lines are offering deals at lower prices, with a quick look at Expedia indicating that Norwegian Cruise Line [NCL] is offering a four-night Bermuda cruise onboard the Norwegian Encore in September for $189, or $404 per person when you include taxes and fees.... Read more of this article
AM Best Affirms Credit Ratings Of PartnerRe
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating [FSR] of A+ [Superior] and Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” of the operating subsidiaries of PartnerRe Ltd. The ratings agency said, “Concurrently, AM Best has also removed from under review with developing implications... Read more of this article
Shipping Schedule: Week Starting May 16
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 16th. On Sunday the Adriatic Wave oil products tanker and the Oleander container ship will arrive, and on Thursday the Bermuda Islander container ship is scheduled to arrive. The weekly shipping schedule, which is subject... Read more of this article
Bermuda Stock Exchange Report: May 15 2020
May 15 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $94,000.00 BD. 4,000 shares were traded by BF&M Ltd, closing down 1.6% at $15.75 per share, while the other 1,000 shares were traded by Ascendant Group Limited, closing even at $31.00 per share. The BSX finished at 1,595.52, down 0.12% on the day. There were 0 advances, 1 decline,... Read more of this article
BHA Request UB Extension, Amendments
The Bermuda Hotel Association has asked the Bermuda Government that consideration be given to three specific areas “that will ensure the future reopening and sustainability of our key industry through these turbulent times.” In a letter sent to the Premier, BHA CEO Stephen Todd said, “On behalf of the Bermuda Hotel Association... Read more of this article
Cannonier: “Govt Must Give Specific Guidelines”
“Government must give businesses specific advice on what is required to protect staff and customers against Covid-19 once they are allowed to re-open,” Craig Cannonier, the Leader of the One Bermuda Alliance said today. Mr. Cannonier said, “Without guidance, some businesses will probably do the minimum, but others will go a lot further,... Read more of this article
Column: The Fintech Flexibility Of Bermuda
[Opinion column written by Chris Garrod] After less than two years, the island’s core digital asset laws are being amended. Bermuda’s new Digital Asset Issuance Act 2020, which became effective on May 6th, 2020, comes soon after the introduction in 2018 of two fundamental pieces of Fintech legislation. First, we had what is commonly called Bermuda’s... Read more of this article
Employment Impact Of Covid-19 In Bermuda
Total Research Associates Limited [TRA] recently conducted a pulse survey to determine the employment impact of Covid-19 in Bermuda, saying that approximately four in ten have experienced a reduction in their number of work hours, one-third have seen a reduction to their salary or pay and one-quarter of islanders [excluding those who are retired] have... Read more of this article
AM Best Affirms RenaissanceRe Credit Ratings
AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of Renaissance Reinsurance Ltd. [RenaissanceRe], Renaissance Reinsurance U.S. Inc. [Maryland], RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company [Dublin, Ireland] and RenaissanceRe... Read more of this article
AM Best Affirms Credit Ratings Of Nissan Global
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] remains stable. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which AM Best... Read more of this article
Bermuda Stock Exchange Report: May 14 2020
May 14 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,597.44, even on the day. There were 0 advances, 0 declines, and 60 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
Video: Finance Minister & BEDC Director
Constant borrowing won’t lead to a favourable outcome, we all have to work together to get through this crisis, as far as our economic recovery ‘everything is on the table except those things that are not on the table’ and entrepreneurs need an ‘agenda for action’ Those are some of the things we heard today as Minister... Read more of this article
