Category: Business
Chamber Of Commerce Presentation On Oct 1
The Bermuda Chamber of Commerce is getting set to offer a presentation to its members “on the impacts of advanced technology and innovation on business strategies” at the HSBC Harbourview Centre on Tuesday, October 1 from 5.30pm to 7.00pm. A spokesperson said, “The presentation will be lead by keynote speaker Mr. Thomas Ilube. Mr.... Read more of this article
Arnold’s Announces Closure Of Three Stores
Citing “many factors, along with increased operating costs,” Arnolds Markets has closed three locations — two in Somerset and Arnold’s Express on Front Street — with the company noting that there are no job losses as staff have been transferred to their other locations. A notice posted online, signed by Frank Arnold, said,... Read more of this article
AM Best Assigns Credit Ratings To Brit Re
AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance [Bermuda] Limited [Brit Re] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Brit Re’s balance sheet strength, which AM Best categorizes as... Read more of this article
AXIS Capital Declares $0.40 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.40 per common share. The common dividend will be payable on October 15, 2019, to shareholders of record at the close of business on October 3, 2019. In addition, the Board declared a dividend of $0.34375 per Series D... Read more of this article
AM Best Affirms Credit Ratings Of Rembrandt
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda], a captive [re]insurer of Vitol Holding B.V. [Vitol], a group engaged in trading of petroleum-related products. The outlook of these Credit Ratings [ratings] remains stable. The... Read more of this article
AM Best Affirms Credit Ratings Of OCIL
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” of Oil Casualty Insurance, Ltd [OCIL] [Hamilton, Bermuda]. AM Best also has affirmed the Long-Term Issue Credit Rating of “bbb” on the $200 million 8.00% deferrable subordinated debentures, due Sept. 15, 2034. The outlook of these... Read more of this article
Digicel Working To Restore Impacted Sites
Digicel teams are working around the clock to restore any of the impacted sites to get them back up and operational. A spokesperson said, “At Digicel our customer experience and keeping our Network up and running is our core focus; our teams are working around the clock to restore any of the impacted sites to get them back up and operational.... Read more of this article
Shipping Schedule: Week Starting September 21
[Updated] The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday September 21st. On Saturday the Grandeur of the Seas cruise ship is expected, on Sunday the Norwegian Dawn cruise ship, the Oleander container ship and the Agisilaos oil products tanker will arrive, and on Monday... Read more of this article
Arch Insurance & Marsh Launch Blue Vault
Arch Insurance [UK] Limited, in collaboration with Marsh, the world’s leading insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault facilities. Private keys are the alphanumeric data that enable the transaction... Read more of this article
Bermuda Stock Exchange Report: Sept 20 2019
September 20 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,084.37, even on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 9 2026 Bermuda Stock Exchange Report: Jan 8 2026 Bermuda Stock Exchange Report:... Read more of this article
Dockyard’s Mall Open For Business Tomorrow
The Mall at Dockyard will reopen tomorrow as the Grandeur of the Seas is due to arrive on Saturday and the Norwegian Dawn on Sunday. However, the West End Development Corporation [WEDCO] is warning people that Dockyard is still in ‘hurricane mode’ with boats taken out of the water for Hurricane Humberto still on the roads and cleaning up work still... Read more of this article
Colonial Urges People To Check Policies
Colonial Insurance is urging their customers to ensure their policies are current and up to date. A spokesperson said, “Hurricane Jerry is currently tracking to become a potential threat to Bermuda by early next week. We continue to urge all of our customers to ensure that their Colonial policies are current and up to date. “We wish to advise... Read more of this article
