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Shipping Schedule: Week Starting June 15

Shipping Schedule: Week Starting June 15

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 15th. On Saturday the Vision of the Seas cruise ship is expected, on Sunday the Star Zulu bulk carrier, the Norwegian Gem cruise ship and the Oleander container ship will arrive, and on Monday the Liberty of the... Read more of this article

BSX Closed For National Heroes Day Holiday

BSX Closed For National Heroes Day Holiday

The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on Monday, June 17 in observance of the Bermuda National Heroes Day Public Holiday. A spokesperson said, “The BSX will re-open on Tuesday, 18 June 2024.” Related Stories BSX Closed For National Heroes Day Holiday BSX Closed For National Heroes Day Holiday BSX Closed For... Read more of this article

Bermuda Stock Exchange Report: June 14 2024

Bermuda Stock Exchange Report: June 14 2024

June 14 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda... Read more of this article

Freisenbruch Insurance Wins Blood Drive

Freisenbruch Insurance Wins Blood Drive

Freisenbruch Insurance Services has been named the 2024 champion of Bermuda’s Corporate Blood Drive, securing their third win in the annual competition. A spokesperson said, “It’s World Blood Donor Day today and the Bermuda Blood Donor Centre is excited to announce that Freisenbruch Insurance Services Ltd has been crowned as Corporate... Read more of this article

Polaris Holding ‘Maintains Conservative Dividend’

Polaris Holding ‘Maintains Conservative Dividend’

Polaris Holding Company Ltd. will “maintain its conservative dividend payout for shareholders by keeping the 1st Quarter 2025 dividend at five cents per share. A spokesperson said, “As a result of substantial payments to purchase heavy equipment at Stevedoring Services Limited [SSL] over the coming months, along with the ongoing maintenance... Read more of this article

PwC Report: AI Sectors Achieve 5x Productivity

PwC Report: AI Sectors Achieve 5x Productivity

Sectors more exposed to AI are experiencing almost five times [4.8x] higher growth in labour productivity, according to PwC’s inaugural 2024 Global AI Jobs Barometer. A spokesperson said, “The report, which analysed over half a billion job ads from 15 countries, suggests that AI could allow many nations to break out of persistent low productivity... Read more of this article

Minister Hayward Attending Events In Bahamas

Minister Hayward Attending Events In Bahamas

The Minister of Economy and Labour, Jason Hayward, is attending the third Afri-Caribbean Trade and Investment Forum and the 31st Afreximbank Annual Meetings, a joint conference hosted by the African Export-Import Bank in Nassau, The Bahamas from June 12-14. A Government spokesperson said, “This is the first time that Afreximbank’s Annual Meetings... Read more of this article

AXA XL Celebrates Annual Global Day Of Giving

AXA XL Celebrates Annual Global Day Of Giving

AXA XL’s annual Global Day of Giving involved over 4,000 colleagues globally — including in Bermuda — volunteering for 240 projects. A spokesperson said, “AXA XL recently held its annual Global Day of Giving as part of AXA’s Week for Good. During the Global Day of Giving more than 4,000 AXA XL colleagues around the world volunteered... Read more of this article

Cornerstone Acquires Controlling Interest In CGL

Cornerstone Acquires Controlling Interest In CGL

Clarien Bank Limited announced that, pending regulatory approvals, Cornerstone Financial Holdings Ltd or its nominee, will acquire a controlling interest in Clarien Group Limited [CGL]. A spokesperson said, “Clarien Bank Limited [the Bank /Clarien], a leading financial institution on the Island, is pleased to announce that, pending regulatory approvals,... Read more of this article

iEPC Partners With Masterworks On Project

iEPC Partners With Masterworks On Project

Engineering company iEPC Limited will donate their time in a partnership with the Masterworks Foundation to assist in the renovation of the former Parks Department Headquarters that will become Bermuda’s first Art & Design Centre. A spokesperson said, “In February the Minister of Public Works, Lt. Col. the Hon. David Burch OBE [Mil] ED, JP,... Read more of this article

Bermuda Stock Exchange Report: June 13 2024

Bermuda Stock Exchange Report: June 13 2024

June 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: June 14 2024 Bermuda Stock... Read more of this article

Mosaic Insurance Welcomes 5 University Interns

Mosaic Insurance Welcomes 5 University Interns

Mosaic Insurance welcomed five university students to its offices in Bermuda, London, New York, and Chicago for its fourth summer internship program. A spokesperson said, “Mosaic Insurance has welcomed five university students to its offices in Bermuda, London, New York and Chicago, as the specialty insurer kicks off its fourth summer internship... Read more of this article

Appleby To Sponsor, Speak At Trusts Conference

Appleby To Sponsor, Speak At Trusts Conference

Appleby Bermuda are a Silver sponsor of the Transcontinental Trusts Bermuda 2024 conference taking place 19 – 21 June at Hamilton Princess & Beach Club. A spokesperson said, “Now celebrating its 10th year, the three-day trusts conference attracts over 200 delegates from around the globe, and features 60+ speakers. The conference provides an... Read more of this article

Bermuda Stock Exchange Report: June 12 2024

Bermuda Stock Exchange Report: June 12 2024

June 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: June 14 2024 Bermuda Stock Exchange... Read more of this article

BermudAir Increasing Service To Halifax

BermudAir Increasing Service To Halifax

BermudAir announced that they are increasing flights on its recently launched service between Bermuda and Halifax to twice a week; the airline is adding a flight on Wednesdays to its schedule starting on July 10th 2024, along with flights on Saturdays. “We’re delighted to be increasing our Halifax flights after launching service in May,” said... Read more of this article

Inaugural Mary Prince Women’s Conference Held

Inaugural Mary Prince Women’s Conference Held

The inaugural Mary Prince Women’s Entrepreneurial and Leadership Conference, held over two days, concluded with “resounding success, inspiring and empowering Bermuda’s women entrepreneurs and business leaders.” A Government spokesperson said, “The conference was led by world-renowned African entrepreneur, global culture... Read more of this article