Category: Business
“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
Two Stores In St George’s Join Forces
Two celebrated stores in St. George’s recently announced that they’ve joined forces to collaborate on one unique retail experience, as Salt Spray Soap Company, a made-in-Bermuda skincare line, has teamed up with Long Story Short, a book and gift boutique that also offers history tours. Owner of Long Story Short Kristin White, explains. “The Book... Read more of this article
Insurance Market Celebrates Reciprocal Status
Bermuda’s global insurance market praised the efforts of the Bermuda Monetary Authority [BMA] and the strength of its regulatory regime in being granted Reciprocal Status, a new designation introduced this year, by the National Association of Insurance Commissioners [NAIC], the U.S. insurance regulatory body. Bermuda’s elevated status, effective... Read more of this article
Monument Re Acquires Cattolica Life
Monument Re announced that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders. Change of control of the company will follow satisfaction... Read more of this article
Bermuda Stock Exchange Report: Dec 11 2019
December 11 saw 488 shares trade on the Bermuda Stock Exchange, valued at $10,273.36 BD. 288 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.5% at $34.97 per share, while another 200 shares were traded by Bermuda Aviation Services Ltd, closing down 32.7% at $1.01 per share. The BSX finished at 2,294.40, up 0.25% on the day. There was... Read more of this article
Hilton Senior Executives Visit Bermudiana Resort
Senior executives representing Tapestry Collection by Hilton were recently in Bermuda meeting with the onsite sales team from Coldwell Banker Bermuda Realty and Bermudiana Development Company Ltd. to discuss the sales launch and marketing of the vacation hotel/residential development, which they said is due to open in summer 2020. “The signing... Read more of this article
Polaris Holdings In “Talks With The Union”
[Updated] Following a staff protest at the docks this morning [Dec 11], Polaris CEO Warren Jones confirmed that they are “currently in talks with the Union about an ongoing personnel situation.” The CEO of Polaris Holding Company Limited, which is the parent company of Stevedoring Services Limited, Warren Jones, stated, “We are currently... Read more of this article
Consumer Price Index: Inflation Decreased 0.7%
Consumers paid 0.8% more in September 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation declined 0.7 percentage points from August 2019. This is according to the latest Consumer Price Index, which said, “Between August 2019 and September 2019, the average cost of... Read more of this article
ICRMC: Digital Transformation Presents Potential
Digital transformation presents “incredible potential as organisations seek to deliver greater value to their stakeholders, as with digital transformation there is a social responsibility to ensure that the gap between the skills people have and those needed for jobs or to function in the digital world is minimised.” This was from Arthur... Read more of this article
NMAC Welcomes Dr. Jeffrey MacLeod
Dr. Jeffrey MacLeod has joined the staff of Northshore Medical & Aesthetics Center [NMAC]. A spokesperson said, “Dr. MacLeod brings over 20 years of experience in healthcare to NMAC, having studied medicine and surgery at Flinders University in South Australia, before completing the Vocational Training Scheme for General Practice in the United... Read more of this article
