Category: Business
Bermuda Stock Exchange Report: March 13 2019
March 13 saw 5,223 shares trade on the Bermuda Stock Exchange, valued at $104,411.00 BD. 5,223 shares were traded by Ascendant Group Limited, closing even at $20.00 per share. The BSX finished at 2,237.15, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
New ‘Oleander’ Arriving In Bermuda On Friday
Bermuda Container Line Ltd.’s [BCL] new custom-built container and roll-on/roll-off vessel, M.V. Oleander, is expected to arrive in Bermuda from China on Friday, March 15th, with BCL saying it should be transiting Hamilton Harbor from between 3:15 p.m. and 3:45 p.m. “The new Oleander is longer and wider than its predecessor, with new design... Read more of this article
New Sub Contracts Awarded For Airport Project
Six Bermudian companies have been awarded sub-contracts in the new airport terminal building including tiling, glassworks, painting and masonry works, Skyport announced today. Tiling and Terrazzo work for the floors of the new terminal has been awarded to Eminence Contractors Ltd. Aecon’s sub-contractor for the curtain wall, N R Windows has awarded... Read more of this article
Conyers Helps Women Dress For Success
In celebration of International Women’s Day 2019, Conyers Dill & Pearman launched a Dress for Success initiative across the global firm, asking for donations of women’s business clothing, to pass on to local charities. In Bermuda, the clothing has been donated to the Red Cross, and will be sold at their “Upstairs Closet” outlet at very affordable... Read more of this article
RenRe Receives Approvals For Acquisition
RenaissanceRe Holdings announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re [UK] Limited. RenaissanceRe had announced on October 30, 2018 that it had entered into a definitive agreement with Tokio Marine Holdings, Inc. to acquire Tokio... Read more of this article
PartnerRe Changes P&C & Leadership Team
PartnerRe announced that the Company will reorganize its Property & Casualty [P&C] business segment into a regional structure, and will make several changes to its Executive Leadership Team. Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional units: Americas, Europe, Middle-East and Africa... Read more of this article
Bermuda Stock Exchange Report: March 12 2019
March 12 saw 18,400 shares trade on the Bermuda Stock Exchange, valued at $671,600.00 BD. 18,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.50 per share. The BSX finished at 2,237.15, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Groups Committed To Working With Government
Bermuda’s industry groups have pledged support for the “market’s long-respected record on compliance and tax-transparency and are backing the Bermuda government’s efforts to expedite the island’s removal from a European Union list of ‘non-cooperative’ jurisdictions.” The EU has been requesting that nations and jurisdictions... Read more of this article
Tawanna Wedderburn Takes Legal Action
The former CEO of the Bermuda Health Council Tawanna Wedderburn has confirmed that she will be taking legal action over her ‘separation’ from the Council. In December of last year, the Bermuda Health Council confirmed the “separation of employment” between the Council and Mrs Wedderburn. Mrs Wedderburn said, “On 11th March 2019... Read more of this article
Colonial Opens New Office In Grand Bahama
Colonial Group International Ltd. [CGI] has broken ground on a new office building in Freeport, Grand Bahama. The 12,000-foot complex on The Mall, Freeport’s main commercial artery, represents an investment of approximately $4 million by the Bermuda-based company. CGI chairman Dr. Grant Gibbons said during the ground-breaking ceremony that the project... Read more of this article
EU Announce Bermuda Added To ‘Tax Blacklist’
[Updating] Summary: EU announced that Bermuda has been added to the list of ‘non-cooperative jurisdictions for tax purposes’ EU also added Aruba, Barbados, Belize, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates, Vanuatu, and there are now 15 jurisdictions on the list EU stated, “Bermuda facilitates offshore structures and arrangements... Read more of this article
Bluck’s Store Final Inventory Sale Starts Today
[Updated] The Bluck’s store — which is closing after 175 years in business — will be hosting a “Final Inventory Sale” starting today [March 12] at 2.00pm. The event poster says, “Join us at Bluck’s on Front Street for the inventory clearance sale taking place this week. This is your final opportunity to purchase fine china, crystal... Read more of this article
