Category: Business
Helix Underwriting Appoints Kevin Copeland
Helix Underwriting Partners has appointed Kevin Copeland as their Chief Financial Officer, A spokesperson said, “Helix Underwriting Partners Ltd [Helix], the multiline independent Managing General Agent [MGA] based in Bermuda, has appointed Kevin Copeland to the newly-created role of Chief Financial Officer [CFO], effective April 1, 2025. “Mr.... Read more of this article
Bermuda Stock Exchange Report: April 21 2025
April 21 saw 12,500 shares trade on the Bermuda Stock Exchange, valued at $455,000.00 BD. 12,500 shares were traded by Bank of N.T. Butterfield Ltd, closing down 3.6% at $36.40 per share. The BSX finished at 2,488.44, down 2.95% on the day. There were 0 advances, 1 decline, and 51 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BELCO Launch Ebilling Campaign For Earth Day
BELCO has launched a campaign which aims to get more customers signed up for electronic bills, and all paperless billing customers at the time of the draw next month will be eligible to win a $500 BELCO gift voucher. Win $500 BELCO Gift Voucher A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today announced the launch of... Read more of this article
Retail Sales Decreased 0.6% In December 2024
After adjusting for the retail sales rate of inflation – measured at 2.2% in December – the overall volume of retail sales index decreased 0.6% when compared to December 2023, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the December 2024 Retail... Read more of this article
December Consumer Price Index: Inflation 2.1%
Consumers paid 2.1% more in December than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ December 2024 Consumer Price Index. “In summary, the annual average percentage was 1.9... Read more of this article
BermudAir Launches Flights To South Carolina
BermudAir has launched a new weekly flight to Charleston, South Carolina, with the inaugural flight landing on Saturday, April 19th. A spokesperson said, “The island of Bermuda and Charleston, South Carolina, are now just a short flight apart, thanks to BermudAir’s newest nonstop service to Charleston International Airport [CHS]. This exciting... Read more of this article
Furtado & Bascome Earn Top Suzuki Honours
Auto Solutions Service Advisors David Furtado and Esther Bascome have been named Suzuki’s Top Service Advisors in the region for the fourth quarter of 2024. A spokesperson said, “Auto Solutions is proud to announce that two of its Service Advisors have been named Suzuki’s Top Service Advisors across the region for Q4-2024. David Furtado... Read more of this article
Proposed Development At Shelly Bay Plaza
Plans have been submitted for a proposed development at the Shelly Bay Plaza on North Shore Road in Hamilton Parish. Part of the documents submitted stated, “The proposed development includes an extension of 13,225 sq. ft. along the north façade, a new 211 sq. ft. electrical room on the east side, and two new containerized refrigeration rack... Read more of this article
AM Best Affirms North End Re’s Rating
AM Best has affirmed North End Re Ltd.’s A- rating with a stable outlook, citing ‘ adequate operating performance, neutral business profile and appropriate enterprise risk management.’ The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-”... Read more of this article
Shipping Schedule: Week Starting April 19
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 19th. On Saturday the Grand Aurora autos ship is expected, on Sunday the Norwegian Jewel cruise ship will arrive, on Monday the Amparo Poala discharge ship and the Oleander container ship are scheduled to arrive... Read more of this article
Govt Welcomes US Shipping Policy Decision
[Updated] The Government has welcomed the decision by the U.S Government that proposed shipping fees will not apply to short sea routes as “this outcome means there is not expected to be any impact on Bermuda’s shipping operations or import costs from this new US rule.” A Government spokesperson said, “The Government of Bermuda welcomes... Read more of this article
AM Best Affirms Ratings For Mozart Insurance
AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong,... Read more of this article
