Hashtag: #BermudaBusiness
Video: Dr Ewart Brown On CT Scan Closure
There was legal action pending prior to the agreement for Government to pay a financial supplement for CT and MRI scans, Dr Ewart Brown has confirmed, adding that while the Government has “taken steps to help” they have “suffered staggering losses”. Dr Ewart Brown — a former Premier who is the Executive Chairman of Bermuda... Read more of this article
BSX New Listing Sponsor: Walkers Corporate
The Bermuda Stock Exchange [BSX] announced Walkers Corporate [Bermuda] Limited has joined the BSX as a Listing Sponsor, effective January 2, 2018. Greg Wojciechowski, BSX President & CEO stated, “We are delighted to welcome Walkers Corporate [Bermuda] Limited as the newest Listing Sponsor of the BSX. We welcome the Walkers practice to Bermuda... Read more of this article
Guardian: Appleby Clients Included Banned Bank
Appleby is back in the news again, with the UK’s Guardian reporting the law firm to have provided services to FBME Bank, which is banned from the US financial system due to a number of allegations against it, with Appleby withdrawing from acting as the FBME holding company’s registered agent in 2015. The story said, “Appleby represented... Read more of this article
Argo Preliminary Loss Estimates: $34-$38M
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced a preliminary pre-tax catastrophe loss estimate for the three-month period ended Dec. 31, 2017 of $34-$38 million, net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions. C atastrophe... Read more of this article
Bermuda Stock Exchange Report: Jan 23 2018
January 23 saw 7,741 shares trade on the Bermuda Stock Exchange, valued at $204,843.00 BD. 3,541 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $39.50 per share, while another 2,200 shares were traded by Somers Limited, closing down 3.4% at $14.00 per share. 2,000 shares were traded by BF&M Ltd, closing up 2.7% at $17.00... Read more of this article
Oil Leak In St George’s, Clean Up Underway
Sol Petroleum Bermuda Limited [Sol] has confirmed that at approximately 8:00am this morning [Jan 23] there was a “release of an estimated four barrels of heavy fuel oil from one of the pipelines at the St. Georges Terminal.” “Sol immediately ceased use of the pipeline, isolated and stopped the leak successfully. Sol activated its Incident... Read more of this article
Fitch: ‘Benefit To Be Reduced, Not Eliminated’
The changes to the U.S. tax system will “significantly reduce the long-standing tax advantage of Bermudian re/insurers,” Fitch said, adding that they expect the overall benefit of a Bermuda domicile “to be reduced, but not eliminated, with the island largely maintaining its established position in the global market” due to its... Read more of this article
Hamilton Insurance Offer $25K Scholarship
Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, will be inviting applications next month for a scholarship designed to expand the skill set of Bermudians or Permanent Resident Certificate holders considering a career in insurance. The award, called The Hamilton... Read more of this article
Washington Mall Reid Street Entrance Upgrade
Work is about to start on an upgrade of a Reid Street entrance to the Washington Mall – which will see the area closed to the public until the project is completed. Paul Slaughter, Director and General Manager, Washington Properties [Bermuda] Limited, said: “We hope to start work at the 9 Reid Street entrance on February 5, as long as all the materials... Read more of this article
Horizon ICO Launch Moved To February
Horizon Communications — which aims to launch wireless internet service in Bermuda — has pushed their ICO launch date to February, saying they are “working on improving our website and materials, as well as also marketing throughout the cryptocurrency community.” Describing itself as the “world’s first telecommunication company... Read more of this article
Local Jewelry Designer Inspired By Bermuda
Local jewelry designer, Elisa Stubbs, draws inspiration from the natural landscape of Bermuda for her jewelry collection ‘Airy Heights Design,’ and also uses unique Bermuda backdrops to showcase her jewelry online. According to her website, local shells and plants serve as one of her focal points and inspiration. “Each piece I create... Read more of this article
Bermuda Stock Exchange Report: Jan 22 2018
January 22 saw 6,731 shares trade on the Bermuda Stock Exchange, valued at $259,676.02 BD. 6,636 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.3% at $39.50 per share, while another 95 shares were traded by Ascendant Group Limited, closing even at $10.00 per share. The BSX finished at 2,290.80, down 0.97% on the day. There were... Read more of this article
