Hashtag: #BermudaBusiness
Retail Sales Decrease 0.5% In October 2017
After adjusting for the retail sales rate of inflation – measured at 1.6% in October – the volume of retail sales decreased 0.5%, according to the recently released Retail Sales Index. “Retailers of liquor stores registered the largest decline in sales volume of 13.6%. In contrast, motor vehicle dealers recorded the largest gain in sales... Read more of this article
Bacardi To Acquire Patrón Spirits International
Bermuda-headquartered Bacardi Limited, the largest privately held spirits company in the world, announced today that it is expanding its portfolio of premium spirits with a definitive agreement to acquire 100% ownership of Patrón Spirits International AG and its Patrón brand. “The transaction, which is subject to customary closing conditions,... Read more of this article
Keller Williams Appoints Realtor Beth Gosling
Keller Williams have employed long-time realtor, Beth Gosling [pictured], for their newly formed position of Team Leader, saying she will “help to realise a vital element of the Keller Williams ethos, which is to put education of agents at the forefront with in-house training, coaching and productivity coaching.” “We are extremely pleased... Read more of this article
AIG To Acquire Validus For $5.56 Billion In Cash
[Updated] American International Group will acquire all outstanding common shares of Validus Holdings, with the company saying that “holders of Validus common shares will receive cash consideration of $68.00 per share, for an aggregate transaction value of $5.56 billion, funded by cash on hand.” “Validus is an excellent strategic fit for... Read more of this article
Premier To Participate In Meetings In Switzerland
Premier and Minister of Finance David Burt is traveling to Davos-Klosters, Switzerland this week to participate in a series of meetings and discussions exploring business, technology and economic diversification opportunities for Bermuda. “The meetings will be held alongside the 48th World Economic Forum Annual Meeting taking place from January... Read more of this article
Ironshore Appoint Steve Horton & Susan Pateras
Ironshore announced the appointments of Steve Horton to Chief Executive Officer, Iron-Starr, and Susan Pateras to Chief Operating Officer, Ironshore Bermuda. In their new roles, both executives will continue to report to Mitch Blaser, Chief Executive Officer of Ironshore Bermuda. “Steve and Susan bring a wealth of experience to their respective new... Read more of this article
Hobby Zone Plan To ‘Keep Pushing’ After Fire
Following a fire at their Sandys location earlier this month, Club Hobby Zone said although it damaged many of their bikes and tools, it has not diminished their faith, and said “we have to keep pushing to realize the full potential of the endeavor.” The Bermuda Fire and Rescue Service previously confirmed that on January 11th they received... Read more of this article
Kayongo & Reiss To Speak At Conference
Human rights visionary Derreck Kayongo and insurance industry leader Jonathan Reiss will be spotlight speakers at this year’s Bermuda Captive Conference, scheduled to run June 11–13 at Fairmont Southampton. Both will address the three-day conference, Bermuda’s largest and longest-running industry event, now in its 14th year. Now returning to its... Read more of this article
Shipping Schedule: Week Starting January 20
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 20th. On Monday the Oleander container ship is expected, on Thursday the Bermuda Islander container ship will arrive, and on Friday the HMCS Toronto military ops vessel is scheduled to arrive. The weekly shipping... Read more of this article
Bermuda Stock Exchange Report: Jan 19 2018
January 19 saw 6,684 shares trade on the Bermuda Stock Exchange, valued at $267,285.94 BD. 6,682 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $40.00 per share, while another 2 shares were traded by BF&M Ltd, closing at an even $16.55 per share. The BSX finished at 2,313.29, even on the day. There was 1 advance, 0 declines,... Read more of this article
Blue Capital Declares $0.0219 Dividend
In a filing with the Bermuda Stock Exchange [BSX], Blue Capital Alternative Income Fund Limited declared its quarterly dividend. The full filing stated: “Blue Capital Alternative Income Fund Limited has declared its quarterly dividend in respect of the three months ended 31 December 2017 of US $0.0219 per Ordinary Share, payable on 23 February 2018... Read more of this article
Bermuda Stock Exchange Report: Jan 18 2018
January 18 saw 10,840 shares trade on the Bermuda Stock Exchange, valued at $118,509.00 BD. 9,300 shares were traded by Ascendant Group Limited, closing even at $10.00 per share, while another 1,540 shares were traded by BF&M Ltd, closing even at $16.55 per share. The BSX finished at 2,313.29, even on the day. There were 0 advances, 0 declines,... Read more of this article
