Category: Business
Circle CEO To Join Premier At Tech Summit
Crypto industry leader Jeremy Allaire will join Premier David Burt for the opening keynote conversation at the Bermuda Tech Summit on Wednesday, October 16, organised by the Bermuda Business Development Agency [BDA] in partnership with FinTech Bermuda. A spokesperson said, “The conversation kicks off a complimentary full-day agenda, under the... Read more of this article
Watlington Waterworks Six Month Report
In a filing with the Bermuda Stock Exchange, Watlington Waterworks released the Directors Report to shareholders for the six months ended June 30th, 2019. The full filing stated, “The Utility Division of the Company’s subsidiary Bermuda Waterworks Limited provides piped drinking water as a supplementary supply to rainfall harvesting. This division... Read more of this article
Bermuda Stock Exchange Report: Sept 16 2019
September 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,073.13, even on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 31 2025 Bermuda Stock Exchange Report: Dec 30 2025 Bermuda Stock Exchange Report:... Read more of this article
Catherine Burns Joins The Waterfront Group
The Waterfront Group has hired Catherine Burns as Assistant Vice President of Nutrition, Wellness and Community Health, with the vision of integrating wellness across all facets of the businesses, which includes The Waterfront Properties and Marina, The Waterfront Residences, Miles Market, Harry’s, PW Marine, Tone Zone and Hawkins Island. Ms. Burns... Read more of this article
EY Donates $200K To Hurricane Dorian Relief
EY today announced a $200,000 donation to Hurricane Dorian relief efforts in the Bahamas. Leadership of the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands will donate $100,000, with EY Americas matching the donation, to The Bahamas National Emergency Management Authority [NEMA]. “This is an extraordinarily difficult time... Read more of this article
Chamber Of Commerce On ‘Future State’ Report
The Bermuda Chamber of Commerce said they support the efforts that went into producing Bermuda First’s ‘Future State’ report. Chamber President, Dennis Fagundo said, “The Bermuda Chamber of Commerce acknowledges and supports the efforts that went into producing Bermuda First’s ‘Future State’ report. Many of our members participated... Read more of this article
IoD: Directors Must Understand Cyber Threats
Board directors in Bermuda are being urged to attend a conference looking at risks posed by cyberattacks. Later this year, Bermuda will host the second annual Bermudian edition of the International Cyber Risk Management Conference. One of the supporting sponsors is the Bermuda branch of the Institute of Directors and its chair Rochelle Simons said it... Read more of this article
Enstar Transfer Of Certain Run-Off Portfolios
Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed an agreement with subsidiaries of Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance, primarily of long tail insurance business. In the transaction, which is subject to regulatory and Federal... Read more of this article
Somers Limited Share Repurchases For July
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced their share repurchase programme. The filing stated: “Somers Limited [Somers], a financial services investment holding company, announces that during the month of July 2019, Somers purchased 2,500 of its own common shares at an average cost of $15.00 per share. The Shares... Read more of this article
AM Best Affirms Credit Ratings Of Ardellis
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” of Ardellis Insurance Ltd. [Ardellis] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Ardellis’ balance sheet strength, which AM Best categorizes as very strong,... Read more of this article
AXA XL Develops Insurance: Hoyos Hot Wallet
AXA XL, the Property & Casualty and Specialty Risk division of AXA, has developed an “innovative insurance solution for Hoyos Integrity Corporation to launch the world’s most secure digital “Hot” wallet.” “In doing so, AXA XL has designed a bespoke contractual liability insurance coverage specifically tailored for, and in... Read more of this article
Twenty Job Redundancies At Shield Security Ltd
BSG’s cash-in-transit business unit Shield Security Ltd. will wind down later this month as they launch a new service with a completely new business model, a decision which ”will impact 20 employees some full-time and some part-time,” the company has confirmed. The company said, “The Bermuda Security Group’s cash-in-transit [CIT]... Read more of this article
