Category: Business
Bloomberg, Duperreault Speak At Bermuda Forum
Michael Bloomberg and Brian Duperreault highlighted Bermuda’s value to global business and the United States, delivering a dynamic launch yesterday to a full-capacity Bermuda Executive Forum in New York. Both high-profile executives joined Premier David Burt for the event’s kick-off “fireside chat,” a casual and wide-ranging discussion that... Read more of this article
Govt’s Policy Directions: Possible Sale Of BELCO
[Updated] Speaking in the House of Assembly today [March 22], Minister of Home Affairs Walter Roban provided an overview of the policy directions that he provided to the Regulatory Authority. This follows after the Ascendant Group — the parent company of BELCO — said they are “evaluating strategic alternatives, including the potential sale of... Read more of this article
Ascendant’s Share Repurchases For March 20
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 1,800 common shares at an average price of $20.00 on 20 March 2019. The Company advised the repurchased shares will be cancelled. Related Stories Ascendant Celebrates Women’s Day Ascendant’s... Read more of this article
Bermuda Stock Exchange Report: March 21 2019
March 21 saw 1,900 shares trade on the Bermuda Stock Exchange, valued at $68,400.00 BD. 1,900 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.1% at $36.00 per share. The BSX finished at 2,205.48, down 5.31% on the day. There were 0 advances, 1 decline, and 56 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Lodge & Lambert Appointed BEDC Directors
Bermuda Economic Development Corporation Executive Director Erica Smith has appointed two new Directors, Mrs. Jamillah Lodge, Director of Communication and Development and Mr. Raymond Lambert, Director of Micro, Small and Medium Enterprises [MSME]. “The new Directors will help to deliver on the new strategic direction of the BEDC under the guidance... Read more of this article
Bermuda-Themed Displays At Saks Fifth Avenue
Bermuda-themed displays are in the street-side store windows and on the retail floors of Saks Fifth Avenue locations in New York City, Boston and Toronto this month. A spokesperson said, “The renewed partnership between the Bermuda Tourism Authority and the upscale retailer is designed to show off Bermuda as a destination for all seasons, just... Read more of this article
Photos: BFIS High School Networking Sessions
Students from Bermuda’s public and private high schools took part in the BFIS Speed Networking lunches held late last month. The sessions gave 75 senior students an opportunity to meet and chat with numerous insurance professionals to help them gain a better understanding of the wide variety of careers in the insurance industry. A spokesperson said,... Read more of this article
BF&M Announces Changes To The Board
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited today [March 21] announced changes to the Board. The filing stated: “BF&M Limited announced today that Mr. Gavin Arton will retire from his role as Chairman of the Board and a Director of BF&M Limited at the upcoming Annual General Meeting of the Company on May 15, 2019. “Mr.... Read more of this article
Discussion On Cooperative Economics System
Jessica Gordon-Nembhard, a political economist from New York, will be on Island next Saturday [March 30] discussing the possible benefits and impacts of adopting a cooperative system of economics in Bermuda. According to Dr Gordon-Nembhard, the Professor of Community Justice and Social Economic Development at City University of New York, Bermuda already... Read more of this article
Apex Acquires Broadscope Fund Administrators
Apex Group Ltd. announced the acquisition of Broadscope Fund Administrators LLC, a US-based private equity fund administrator. “The deal adds a further $40 billion in assets under administration to Apex’s portfolio, taking it to a total of $650bn globally, in addition to further strengthening its capabilities and presence in the US following... Read more of this article
Bermuda Stock Exchange Report: March 20 2019
March 20 saw 3,050 shares trade on the Bermuda Stock Exchange, valued at $56,062.50 BD. 1,800 shares were traded by Ascendant Group Limited, closing even at $20.00 per share, while another 1,250 shares were traded by BF&M Ltd, closing at an even $16.05 per share. The BSX finished at 2,329.16, even on the day. There were 0 advances, 0 declines,... Read more of this article
Photos: Security Token Summit Meetings Held
Premier David Burt joined industry leaders within the security token marketplace yesterday at the Hamilton Princess to discuss the evolution of capital markets and work towards building a common framework on the issuance and trading of security tokens. “The Blockchain Token Association [BTA] was founded to support the growth of the blockchain... Read more of this article
