Category: Business
AM Best Affirms Ratings Of Colonial Group
The financial strength of Bermuda-based Colonial Group International has been recognized by AM Best rating agency, the independent global credit rating agency. Colonial’s Financial Strength Rating of ‘A’ was affirmed after Best’s annual review concluded the group maintained ‘excellent ability to meet its ongoing insurance obligations.’ The... Read more of this article
John Turner Appointed Chairman Of Ed Bermuda
Ed, the global reinsurance, wholesale and specialty broker, has appointed John Turner as Chairman of Ed Bermuda. Reporting into Chris Bonard, CEO of Ed Bermuda, this newly created role will enable Mr. Turner to “provide hands-on support to realise the potential of the recently formed operation.” Mr. Turner joins from Aon, where he was most... Read more of this article
Berkeley Students Launch Leisure In The Triangle
Students at the Berkeley Institute have relaunched the virtual company Leisure in The Triangle as part of the Virtual Enterprise International [VEI] program. A spokesperson said, “The Virtual Enterprise International program started in 2016. The program, which brings the workplace into the classroom, allows students to run their own simulated... Read more of this article
Interns: Maxanne Caines & Jennifer Phillips
As part of the Cabinet Office’s overseas internship programme this summer, Maxanne Caines and Jennifer Phillips interned with the Government of Bermuda within the overseas office in Brussels. A Government spokesperson said, “As part of the Cabinet Office’s overseas internship programme this summer, two Bermudians interned with the Government... Read more of this article
STEP Journal Supplement, Bermuda Conference
The Bermuda’s Society of Trust and Estate Practitioners [STEP] has released its 2019/20 journal supplement entitled ‘Trust Bermuda’ and will hold a conference on December 5 at the Bermuda Underwater Exploration Institute entitled ‘Trust in the Future: Keeping Step with Changes.’ A spokesperson said, “Bermuda’s Society of Trust and... Read more of this article
Assured Guaranty Declares $0.18 Dividend
Assured Guaranty Ltd declared a quarterly dividend of $0.18 per common share. The dividend is payable on December 4, 2019 to shareholders of record at the close of business on November 20, 2019. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international... Read more of this article
Bermuda Stock Exchange Report: Nov 6 2019
November 6 saw 700 shares trade on the Bermuda Stock Exchange, valued at $19,440.00 BD. 400 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.8% at $33.60 per share, while another 300 shares were traded by BF&M Ltd, closing at an even $20.00 per share. The BSX finished at 2,234.57, up 1.22% on the day. There was 1 advance, 0 declines,... Read more of this article
MIH Acquires Controlling Interest In BSX
Miami International Holdings [MIH] — the parent holding company of the MIAX, MIAX PEARL and MIAX Emerald options exchanges — and the Bermuda Stock Exchange [BSX] announced that MIH has acquired a controlling interest in the BSX. According to the announcement, the “controlling interest aligns directly with MIH’s corporate strategy... Read more of this article
Balance Of Payments & International Investment
Today [Nov 6] the Minister for the Cabinet Office Wayne Furbert released the 2019 Q2 Balance of Payments & International Investment Position publication from the Department of Statistics. Minster Furbert said, “Bermuda’s trade with non-residents resulted in a $161 million surplus for the second quarter of 2019. Bermuda’s stock of foreign assets... Read more of this article
2019 Second Quarter Gross Domestic Product
Today [Nov 6], the Minister for the Cabinet Office Wayne Furbert, released the Quarter 2, 2019 Quarterly Gross Domestic Product [GDP] publication from the Department of Statistics. The Minister explained, “After adjusting for inflation, the GDP in constant prices for the second quarter increased 4.3 per cent. The growth in the second quarter was driven... Read more of this article
Xtreme Sports To Open Fun Zone On Friday
Xtreme Sports Bermuda will open the ‘Xtreme Sports Fun Zone’ this Friday [Nov 8] in St Davids, with the facility set to feature a Nerf Gun arena, indoor skating rink, Slime Zone Lab, and more. A spokesperson said, “Xtreme Sports Bermuda, hosts of the annual Xtreme Sports Corporate Games and Life Size Inflatable Sports rentals will... Read more of this article
Dr Kyjuan Brown Launches New Product Line
Award-winning physician Dr. Kyjuan Brown, is aiming to inspire Bermudians of all ages to reach for their dreams – no matter how high they may seem – after accomplishing another professional milestone by launching his new line of hair growth products, available locally and internationally. “The Dr. Brown’s Laboratory product line... Read more of this article
