Category: Business
Bermuda Stock Exchange Report: Oct 10 2019
October 10 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $66,000.00 BD. 2,000 shares were traded by Ascendant Group Limited, closing even at $33.00 per share. The BSX finished at 1,967.99, even on the day. There were 0 advances, 0 declines, and 56 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
New Deal Broadens Options For TV Viewers
Bermuda Broadcasting Company [BBC] and Digicel announced an agreement that “opens up exciting new options for local television viewers.” Subscribers to Digicel’s new Fibre TV service now have access to the local channels and content provided by Bermuda Broadcasting, including its nightly newscast, Bermuda Tonight. In addition to the... Read more of this article
Hiscox & ILS Employees In U.S. Charity Relay
A team of nine employees from Hiscox Re and ILS from London and Bermuda recently covered 200 miles in 24 hours as participants in New Hampshire’s Ragnar Reach the Beach Relay in support of Action on Alzheimer’s & Dementia Bermuda [AAD], raising more than $7,000. A spokesperson said, “The employees also held an in-house raffle across the... Read more of this article
Estera Launches Legal Services In Bermuda
Estera has announced the launch of legal services in Bermuda and the Cayman Islands. “Estera Law will provide legal services in Bermuda and the Cayman Islands which are aligned to clients’ individual objectives and preferences. Estera’s legal services will cover a number of practice areas such as corporate and commercial, regulatory, insurance... Read more of this article
Cayman Islands To Introduce Public Register
The Cayman Islands has announced its intention to introduce a public register of beneficial ownership. A statement from the Cayman Government said, “The Government of the Cayman Islands has today announced its intention to introduce a public register of beneficial ownership, in line with evolving standards and international obligations such as... Read more of this article
Bermuda Stock Exchange Report: Oct 9 2019
October 9 saw 285 shares trade on the Bermuda Stock Exchange, valued at $7,837.50 BD. 285 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.9% at $27.50 per share. The BSX finished at 1,967.99, up 0.57% 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
Consumer Price Index: Inflation Increased 0.4%
Consumers paid 0.7% more in June 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 rose 0.4 percentage points from the 0.3% measured in May 2019. This is according to the latest Consumer Price Index, which said, “Between May 2019 and June 2019, the average cost... Read more of this article
AXA XL & Grocers Ocean Protection Campaign
AXA XL, the P&C and specialty risk division of AXA SA, announced that as part of its commitment to stem the tide of ocean risk, they are launching “an ocean protection education campaign that will involve major local supermarkets.” “This week, Harrington Hundreds in Smiths, Lindo’s Market in Devonshire and Lindo’s Family Foods... Read more of this article
Catalina Donate $6.1 Million To Cancer Research
Catalina Holdings [Bermuda] Ltd announced a partnership with the British Lung Foundation, committing £5 million [$6.1 million] in funding to accelerate research into mesothelioma. “Mesothelioma is an aggressive form of lung cancer related to asbestos exposure that kills around 2,500 people every year in the UK. It can take decades to develop,... Read more of this article
Pirate’s Port Kids Closing After Over 40 Years
After over 40 years in business, Pirates Port Kids will be closing its doors on October 31, while Pirates Port Ladies will remain open. The company posted the flyer below on social media saying: “After over 40 years in business, Pirates Port Children’s store will be closing its doors for good. “We thank our loyal customers for years of support,... Read more of this article
Greg Wojciechowski Elected As WFE Director
At the recent 59th General Assembly in Singapore, the World Federation of Exchanges [WFE] elected four Directors of the Board, including Greg Wojciechowski, President and CEO of the Bermuda Stock Exchange, as Director, Americas region for a three-year term. A spokesperson said, “At the 59th General Assembly in Singapore, the World Federation of... Read more of this article
Jacari Brimmer-Landy Is Called To The Bar
Jacari Brimmer-Landy is the latest young Bermudian lawyer to be called to the Bermuda Bar. The ceremony took place at the Commercial Court on Friday 4 October before Chief Justice Narinder Hargun. Mr. Brimmer-Landy is an Associate in the Corporate Practice at Conyers. He started his one year pupillage with Conyers in September 2018 having worked at... Read more of this article
