Category: Business
AM Best Affirms Credit Ratings Of Chubb Limited
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 the subsidiaries of Chubb Limited [Zurich, Switzerland], which include the members of the Chubb US Group of Insurance Companies [Chubb US Group]; the members of Chubb Bermuda Insurance Ltd. [Chubb Bermuda]... Read more of this article
Bermuda Stock Exchange Report: Dec 13 2019
December 13 saw 1,440 shares trade on the Bermuda Stock Exchange, valued at $52,408.60 BD. 1,440 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.00 per share. The BSX finished at 2,340.73, even on the day. There were 0 advances, 0 declines, and 56 remained unchanged. The full report for the day is available here [PDF], and the... Read more of this article
Gencom Affiliate Acquire Fairmont Southampton
An affiliate of Miami-based Gencom have acquired the Fairmont Southampton — which is the largest hotel in Bermuda – with the new owners stating they are “committed to a significant investment in the long-term success of the resort. ” The announcement said, “An affiliate of Miami-based Gencom, a leading domestic and international... Read more of this article
Winter Wonderland At Dockyard On Sunday
It is set to be a Winter Wonderland at Dockyard on Sunday, December 15th, as the Royal Naval Dockyard will present another Sunday with a full line-up of events. The events are set to begin at 11:00am and set to end at 4:00pm. This Sunday will start with a free Historical Re-enactment & Walking Tour at 11:00am. Guests can meet their dressed-in-time... Read more of this article
BEDC’s Christmas “Eat, Shop, Play” Draw
The Bermuda Economic Development Corporation’s [BEDC] Shop to Win Draw is currently running until December 24, with the public able to take part by spending $20 or more in any participating restaurant or store in Economic Empowerment Zones. A spokesperson said, “The time to ‘Eat, Shop and Play’ in the BEDC Economic Empowerment... Read more of this article
Minister On NAIC Reciprocal Jurisdiction Status
NAIC announced that Bermuda has been granted Reciprocal Jurisdiction status and has also approved Bermuda as a Qualified Jurisdiction, Minister of Finance Curtis Dickinson said in the House of Assembly today [Dec 13]. The Minister’s full statement follows below: Mr. Speaker, I am pleased to be able to provide the House of Assembly with an update... Read more of this article
WEDCO Dockyard Gift Vouchers Available
Newly launched Gift Vouchers to spend in stores and businesses in Dockyard have arrived – just in time for Christmas. The brainchild of the West End Development Corporation, the Royal Naval Dockyard Gift vouchers are available in $20 and $50 denominations and can be used at all Dockyard retailers, restaurants and businesses, including everything from... Read more of this article
2018 GDP Publication & Rebasing Documents
Today [Dec 13] the Minister for the Cabinet Office Wayne Furbert released the 2018 Gross Domestic Product [GDP] publication and a Bermuda GDP Rebasing publication from the Department of Statistics. “The 2018 GDP publication reflects changes to the industry structure and levels of the annual GDP estimates. These changes are the result of an updated... Read more of this article
Bermuda Stock Exchange Report: Dec 12 2019
December 12 saw 6,100 shares trade on the Bermuda Stock Exchange, valued at $219,546.00 BD. 6,100 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.9% at $36.00 per share. The BSX finished at 2,340.73, up 2.02% on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
“Christmas In The City” Event This Friday
With only two Fridays left before Christmas, the City of Hamilton will be ramping up the festive spirit and offering an array of free entertainment on lower Reid Street on Friday, December 13th as shoppers take to the stores during late night shopping. The City encourages all ‘gift seekers’ to take full advantage of the holiday shopping hours and... Read more of this article
Five Members To Retire From Argo Board
The Board of Directors of Argo Group International Holdings provided shareholders with an update on its “Board refreshment process,” with the company confirming that five board members will retire. The company said, “As announced in August 2019, the Board has been conducting a proactive refreshment process. In connection therewith,... Read more of this article
2018 Tourism Satellite Account Report Released
Today [Dec 12] the Minister for the Cabinet Office Wayne Furbert released the 2018 Tourism Satellite Account report from the Department of Statistics. The Minister said, “I was particularly encouraged to note from the report that direct employment in the tourism industry had increased to 3,204 jobs in 2018, up from 2,996 in 2017 and 2,607 in 2016.... Read more of this article
