Category: Business
Straws Made Into Limited-Edition Vinyl Records
Bacardi rum, in partnership with Lonely Whale, has launched a new Straw Vinyl program, through which they will collect single-use plastic straws from 55 bars across the country to upcycle them into limited-edition vinyl records, with an aim to transform “something that sucks into something that slaps.” As part of the iconic rum brand’s... Read more of this article
Appleby To Sponsor & Speak At Tech Week
Appleby Bermuda is pleased to be sponsoring and speaking at Bermuda Tech Week, taking place from October 14 to 18. A spokesperson said, “Appleby Bermuda is pleased to be sponsoring and speaking at Bermuda Tech Week, taking place 14 to 18 October 2019. Bermuda Tech Week is a five-day programme of events that will bring together local and international... Read more of this article
FAC: Online Payment Processing For Insurers
First Atlantic Commerce [FAC] and Core Technologies have announced their collaboration to enable Core Technologies UnderWriter™ insurance platform clients to accept online payments. A spokesperson said, “First Atlantic Commerce [FAC], a global online payment solutions provider that specializes in the Caribbean and Central America, and Core Technologies... Read more of this article
AM Best Affirms Credit Ratings Of Argo Group
AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] of “a” of Argo Re Ltd. and its subsidiaries. AM Best also has affirmed the Long-Term ICR of “bbb” and the Long-Term Issue Credit Ratings [Long-Term IR] of the parent holding company, Argo Group International Holdings,... Read more of this article
AXIS Estimate Q3 Losses Of $150M – $175M
Bermuda-based AXIS Capital Holdings Limited announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. “The... Read more of this article
Bermuda Stock Exchange Report: Oct 11 2019
October 11 saw 2,473 shares trade on the Bermuda Stock Exchange, valued at $71,717.00 BD. 2,473 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.5% at $29.00 per share. The BSX finished at 2,035.45, up 3.43% on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
TN Tatem Closure Consultation Process
The Ministry of Education is advising that a consultation process will be carried out “regarding a proposal to permanently close T.N. Tatem Middle School.” A Government spokesperson said, “Before undertaking a formal consultation, the Ministry will engage critical stakeholders in a pre-consultation process. The purpose of this pre-consultation... Read more of this article
Finance Minister Speaks At ILS Convergence
Minister of Finance Curtis Dickinson spoke at the ILS Convergence 2019 Conference on Thursday [Oct 10], with the conference being held from October 9 to October 11. Speaking at the conference, Minister Dickinson said, “Celebrating seven years, the Insurance Linked Securities Convergence Conference serves as a unique opportunity for you to connect... Read more of this article
50 EY Bermuda Staff Volunteer For The Day
Professionals from EY Bermuda Ltd. recently joined over 23,000 volunteers from EY Americas in dedicating a full day to giving back to their local community. Fifty volunteers from EY assisted at five primary schools across the island, helping with projects to enrich the students’ learning environments. At Dalton E. Tucker Primary, volunteers painted... Read more of this article
BTA To Host Speed Networking Event On Oct 24
Entrepreneurs, investors and other tourism industry stakeholders are invited to a “speed-networking” evening later this month hosted by Bermuda Tourism Authority [BTA] and sponsored by BTAConnect. The initiative is aimed at raising public awareness around entrepreneurial tourism ventures and assisting Bermudians with potentially viable hospitality... Read more of this article
Just Shirts Offers Free Pickup & Delivery Service
Just Shirts Dry Cleaners and Launderers has upgraded its offerings, including launching a new website and app, investing in new machinery, and expanding its free pick up and delivery service. A spokesperson said, “Just Shirts Dry Cleaners and Launderers is in the final stages of upgrading its entire operation. The upgrade started last November... Read more of this article
PartnerRe Announces Leadership Changes
PartnerRe Ltd. announced today that Mario Bonaccorso, Executive Vice President and Chief Financial Officer, will retire from the Company on March 31, 2020 to “pursue a new entrepreneurial venture with financial support from EXOR.” “Mr. Bonaccorso will be invited to join the PartnerRe Ltd. Board of Directors as a non-voting observer... Read more of this article
