Hashtag: #BermudaBusiness

Union Gas Station Closed Due To Covid

Union Gas Station Closed Due To Covid

Union Gas Station has temporarily closed as of this morning [Sept 17] due to one of the staff members testing positive for Covid-19. A spokesperson said, “We would like to notify our valuable customers that we unfortunately had to close Union Gas as of this morning, due to one of our staff members testing positive for Covid-19. “The station... Read more of this article

Hamilton Insurance Group Appoints Kevin Marzec

Hamilton Insurance Group Appoints Kevin Marzec

Hamilton Insurance Group, Ltd. announced the appointment of Kevin Marzec as Head of Management Liability for its US Excess and Surplus [E&S] business. A spokesperson said, “Reporting to Clay Rhoades, President, US E&S, Marzec joined Hamilton last month and has responsibility for building out the US-based book of management liability insurance... Read more of this article

RMS Estimates $31– $44B Losses From Ida

RMS Estimates $31– $44B Losses From Ida

RMS estimates total onshore and offshore U.S. insured losses from Hurricane Ida to be between US$31 and US$44 billion, and with the island being home to many of the world’s top re/insurers it is expected some will be paying claims, “The estimate builds upon the earlier industry loss estimate of US$25-$35 billion for the Gulf of Mexico region,... Read more of this article

Bermuda Stock Exchange Report: Sept 16 2021

Bermuda Stock Exchange Report: Sept 16 2021

September 16 saw 1,146 shares trade on the Bermuda Stock Exchange, valued at $41,723.20 BD. 1,146 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.50 per share. The BSX finished at 2,568.92, even on the day. There were 0 advances, 0 declines, and 62 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Summer Student Entrepreneur Programme Ends

Summer Student Entrepreneur Programme Ends

The fourth annual BEDC Summer Student Entrepreneur Programme [SSEP] has concluded, with DeJahnique Hunt, Massassi Maxwell-Smith, Xela Swan, Sofhia Rae Pagsanjan, Zyun Burgess, Nymira Raynor, Ny’Zayah James, Joshua Allen, Marli Spriggs, Vincent Darrell, and Lauren Allen graduating from the programme. On Friday, September 3rd the fourth annual BEDC... Read more of this article

BF&M Donates To Support Retinal Screening

BF&M Donates To Support Retinal Screening

BF&M is supporting the Bermuda Diabetes Association pilot programme to screen fifty people with diabetes who have little or no health insurance, for diabetic retinopathy, with BF&M covering the full cost of the pilot programme. “Loss of vision through Diabetic Retinopathy is a major concern for patients with diabetes. Most patients... Read more of this article

Francesca Gino To Address BILTIR Conference

Francesca Gino To Address BILTIR Conference

Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that Professor Francesca Gino of Harvard Business School will be the keynote speaker at their 2021 annual conference. A spokesperson said, “Professor Gino is an expert on the psychology of organisations and author of Rebel Talent: Why it Pays to Break the Rules in Work... Read more of this article

Bacardi Celebrates Black-Owned Businesses

Bacardi Celebrates Black-Owned Businesses

Bacardi Limited is celebrating Bermuda’s black-owned bars and restaurants with the release of their digital magazine entitled Bacardi Celebrates, and is the first in a series, with future editions to “focus on women-owned businesses, the LGBTQ+ community, and highlight the diverse landscape and rich cultural heritage of the island.” A... Read more of this article

DigitalArray Launches Fund Platform

DigitalArray Launches Fund Platform

Investment management firm DigitalArray ISAC Ltd. has announced its DigitalArray fund platform, which “enables select investment firms in the digital asset space to launch new funds quickly and inexpensively with the support of top service providers.” A spokesperson said, “Investment management firm DigitalArray ISAC Ltd. today announced... Read more of this article

Bermuda Stock Exchange Report: Sept 15 2021

Bermuda Stock Exchange Report: Sept 15 2021

September 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,568.92, even on the day. There were 0 advances, 0 declines, and 62 remained unchanged. The full report for the day is available here [PDF]. Related StoriesBermuda Stock Exchange Report: Sept 16 2021 Bermuda Stock Exchange Report: Sept 14 2021 Bermuda... Read more of this article

Fortitude Re Acquires PALAC From Prudential

Fortitude Re Acquires PALAC From Prudential

Prudential Financial, Inc. and Fortitude Group Holdings, LLC have announced that they have entered into a “definitive agreement under which Prudential will sell a portion of its in-force legacy variable annuity block to Fortitude Re for a total transaction value of $2.2 billion.” A spokesperson said, “Prudential Financial, Inc. [Prudential]... Read more of this article

North End Re Becomes 63rd BILTIR Member

North End Re Becomes 63rd BILTIR Member

Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that North End Re has joined the organisation. A spokesperson said, “Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that North End Re has joined the organisation. “North End Re, a subsidiary of Brookfield Asset Management Reinsurance Partners... Read more of this article

Claire Van Overdijk Joins Carey Olsen As Counsel

Claire Van Overdijk Joins Carey Olsen As Counsel

Carey Olsen Bermuda Limited announced that Claire van Overdijk has joined as counsel in the firm’s dispute resolution and litigation team. A spokesperson said, “Highly regarded private client and public law English barrister Claire van Overdijk has joined Carey Olsen Bermuda Limited as counsel in the firm’s dispute resolution and litigation... Read more of this article