Category: Business
Video: ‘Taking Off’ On Impact Of Covid-19
After taking a hiatus due to the pandemic, Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the impact of Covid-19 in the construction of the new passenger terminal building. Speaking in the episode, Mikaela Pearman... Read more of this article
Auto Solutions Donates 5,000 Face Masks
Minister Wayne Caines thanked Auto Solutions after the company donated 5,000 face masks for distribution to the public. In an online post, the Bermuda Government said, “National Security Minister Wayne Caines extended his thanks to Auto Solutions’ Managing Director Glen Smith after the company donated 5,000 face masks for distribution to... Read more of this article
Colonial To Cover Covid-19 Antibody Testing
“Clients of Colonial Medical Insurance Company will be covered for Covid-19 antibody testing following an agreement with Helix Genetic and Scientific Solutions Ltd. of Hamilton,” the company announced. A Colonial spokesperson said, “The agreement, which will be operated as a pilot programme through June 30, will provide insurance cover... Read more of this article
Cosmic Launches Online Shopping Directory
In an effort to help the community navigate changing shopping landscape during the Covid-19 pandemic, Cosmic Ltd recently launched ShopSafe.bm, a free online resource that “allows businesses to input their new store hours while indicating how customers can purchase goods or services.” A spokesperson said, “As shoppers look for the... Read more of this article
Swizzle South Shore To Cease Operations
The Swizzle South Shore in Warwick will “permanently cease operations,” the owner confirmed today, explaining that “the crippling effects of the Covid-19 virus and the subsequent contraction of the local economy for many months to come, it was clear that to continue on would only bring mounting debt.” Jay Correia said, “It... Read more of this article
‘One-Time Withdrawal Of Up To $12,000′
“We will expand the scope of existing provisions for financial hardship to include a one-time withdrawal of up to $12,000, from person’s individual pension accounts,” Premier David Burt said. Speaking at last night’s [May 6] press briefing, Premier Burt said, “On Friday, the House of Assembly will meet to pass legislation that will... Read more of this article
HID: Walk-In Customers For Certain Services
The Health Insurance Department [HID] is “accepting walk-in customers for cash premium payments as well as new enrollment applications only,” and all walk-in customers must wear masks. A government spokesperson said, “The HID office is staffed with a reduced complement of employees to facilitate walk-in customers. “HID is located... Read more of this article
RenaissanceRe Reports First Quarter Results
RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available... Read more of this article
Monument Re Donates $120,000 To BCF
Monument Re has donated $120,000 to the Bermuda Community Foundation’s [BCF] Emergency Fund, with contributions from individual staff members matched by the company. A spokesperson said, “Monument Re announced today that the company is donating $120,000 to the Bermuda Community Foundation’s Emergency Fund. “The donation represents contributions... Read more of this article
Tucker’s Point Providing Virtual Tours
In light of the current social distancing measures in place due to the Covid-19 pandemic, Tucker’s Point is now offering a virtual tour of its Harbour Court listings. A spokesperson said, “During these trying times, the Tucker’s Point team’s goal is to ensure inquirers receive a seamless experience. “The team is still available... Read more of this article
Assured Guaranty Declares $0.20 Dividend
Assured Guaranty Ltd. today declared a quarterly dividend of $0.20 per common share. The dividend is payable on June 3, 2020 to shareholders of record at the close of business on May 20, 2020. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the... Read more of this article
PartnerRe Dividends On Preferred Shares
Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2020 – May 31, 2020, of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 per share... Read more of this article
