Category: Business
Chamber Lunch & Learn On ‘Profitable Mindsets’
The Bermuda Chamber of Commerce will be hosting a Lunch and Learn on “strategies to help you be more profitable in your business.” Open to members and non members, the session will be held at their offices on Wednesday, January 22nd from 12:30pm-2:00pm. “Presented by Joyce Chesley Hayward CPA, owner of Fusion4Business, and founder... Read more of this article
“World’s First Captive To Insure Crypto Custody”
Premier David Burt announced that Gemini Trust Company, LLC — a cryptocurrency exchange and custodian — has launched Nakamoto, Ltd. a captive insurance company licensed by the Bermuda Monetary Authority [BMA] to insure Gemini Custody. “Nakamoto — the world’s first captive to insure crypto custody — allows Gemini Custody to increase... Read more of this article
Somers Share Repurchases For December
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited, announced their recent share repurchases. The filing stated: “Somers Limited [Somers], a financial services investment holding company, announces that during the month of December 2019, Somers purchased 238 of its own common shares at an average cost of $15.00 per share. The Shares... Read more of this article
Bermuda Stock Exchange Report: Jan 15 2020
January 15 saw 2,700 shares trade on the Bermuda Stock Exchange, valued at $7,425.00 BD. 2,700 shares were traded by LOM Financial Limited, closing down 0.7% at $2.75 per share. The BSX finished at 2,353.32, down 0.01% on the day. There were 0 advances, 1 decline, and 54 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Chubb Announces Catastrophe Loss Estimates
Chubb announced net catastrophe loss estimates for the fourth quarter of 2019 of $430 million pre-tax, or $353 million after tax. “The losses are primarily attributable to severe weather-related events around the globe including tornadoes in Texas, wildfires in California, and Typhoon Hagibis in Japan, as well as civil unrest in Hong Kong and... Read more of this article
Job Losses Due To ‘Restructuring’ At BF&M
Noting that they are “focused on operational efficiency and client service” and “staff according to the changing needs of the business,” BF&M has confirmed that seven positions were “involved in the restructuring” with two of the people affected offered new roles. The company confirmed that “there were seven... Read more of this article
Rental Property Owners Urged To Attend Meeting
The Bermuda Rental Association of Vacation Home Owners [BRAVO] is urging all vacation rental property owners and managers to attend a meeting tomorrow [Jan 16] at 6.00pm at Ignite Bermuda on Wesley Street in Hamilton. A spokesperson said, “All vacation rental property owners and managers are invited to attend a meeting to learn about the new vacation... Read more of this article
Ed Appoints Kelley As Liability Division Head
Ed, the global reinsurance, wholesale and specialty broker, announced the appointment of Colin Kelley as Head of Ed’s new Liability Division in Bermuda. Effective immediately, Mr Kelley will lead the professional lines, casualty and healthcare teams. Mr Kelley brings more than 16 years of both underwriting and broking experience to the business. He... Read more of this article
Tysers Announces Investment In Helix
Tysers has announced a minority investment in Bermuda’s newly formed and first independent managing general underwriter Helix Underwriting Partners Limited. Richard Tomkins, Managing Director of Tysers Bermuda Limited, commented: “As we enter the 200th year of Tysers existence, we are delighted to be partnering with Helix Underwriting Partners. “In... Read more of this article
Bermuda Stock Exchange Report: Jan 14 2020
January 14 saw 4,100 shares trade on the Bermuda Stock Exchange, valued at $47,314.00 BD. 1,056 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.6% at $35.75 per share, while another 600 shares were traded by Devonshire Industries Ltd, closing even at $3.30 per share. 1,000 shares were traded by Argus Group Holdings Ltd, closing up... Read more of this article
33 Businesses Join Ignite Accelerator Programme
Ignite Bermuda announced the list of entrepreneurs who have been accepted for their January 2020 Business Accelerator Programme. 33 entrepreneurial leaders will be accelerating their businesses on the programme, effectively doubling the size of the inaugural 2019 cohort. Jennifer Adam, Wavecrest Cyniqua Anderson, Just Dreams Event Planning Tracy... Read more of this article
Tiziana Intends To Redomicile To Bermuda
Tiziana Life Sciences intends to redomicile the company to Bermuda. This is according to a statement on the company’s website, which said, “Tiziana Life Sciences plc, a biotechnology company focusing on the discovery and development of innovative therapeutics for inflammation and oncology indications, announces that it has appointed advisers... Read more of this article
