Hashtag: #BermudaBusiness
Bank Foundation Redefines Scholarships Criteria
The Bank of Bermuda Foundation has redefined its eligibility criteria for its annual scholarships by placing a priority on financial need in addition to academic merit. A spokesperson said, “Following two years of strategic planning from 2014 to 2016, Bank of Bermuda Foundation identified the need to evolve from being a charitable to a philanthropic... Read more of this article
Shipping Schedule: Week Starting January 13
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 13th. On Sunday the BlackWatch cruise ship is expected, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday the Somers Isles container ship will arrive, and on Thursday the Bermuda Islander... Read more of this article
One Communications Dec. Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of December 2017 the company repurchased 223,733 of its common shares at an average price of $2.85 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications... Read more of this article
Bermuda Stock Exchange Report: Jan 12 2018
January 12 saw 4,200 shares trade on the Bermuda Stock Exchange, valued at $143,600.00 BD. 3,400 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.3% at $40.00 per share, while another 800 shares were traded by Ascendant Group Limited, closing down 3.1% at $9.50 per share. The BSX finished at 2,308.47, up 3.92%% on the day. There... Read more of this article
iCash Blockchain-Based Token To Launch
iCash — a new Ethereum blockchain-based token — will be launching, with the company saying they selected Bermuda as the jurisdiction to set up iCash “because of its business friendly and forward thinking international reputation.” Conyers acted in connection with the formation of iCash Ltd., a Bermuda company, and the development... Read more of this article
CBD Hemp Products Now Available At Phoenix
Noting the amended Health Regulations, the Phoenix Stores said that they now stock a “wide selection of cannabinoid [CBD] Hemp Oil products at its seven drugstore locations.” Sian Bowen, Chief Pharmacist at The Phoenix Stores, says; “Medicinal cannabis use has garnered much national attention in recent years where some promising evidence... Read more of this article
$3.6 Million AC Upgrade For Washington Mall
Individual tenants will be able to control the temperature of their shops and offices once work on a multi-million-dollar replacement of an ageing air conditioning system at Washington Mall is complete. Owners, Washington Properties [Bermuda] Ltd said they are “investing $3.6 million in the upgrade, which is part of an $8 million revamp of the... Read more of this article
Full Menus: Restaurant Weeks Dinner Specials
Bermuda Lobster Ravioli, Grilled Petit Filet Mignon, Pan Seared Salmon, Smoked BBQ Chicken, Lamb Loin Chops, Teriyaki Pork Loin, Crispy Duck Leg Confit, Crusted English Lamb Sirloin, Signature Seafood Paella, Braised Beef Short Rib, Local Pumpkin Risotto and Vegetarian Casserole are just a few of the options available for the dinner portion... Read more of this article
Qatar Re Earns Regulatory Authorisation In UK
Qatar Reinsurance Company has been authorised by the Prudential Regulation Authority to carry out certain regulated activities in the UK from its branch office in London. Michael van der Straaten will lead the branch, in addition to his current role as the company’s Chief Underwriting Officer for Long Tail and Specialty Classes. Gunther Saacke, Qatar... Read more of this article
Bermuda Stock Exchange Report: Jan 11 2018
January 11 saw 8,800 shares trade on the Bermuda Stock Exchange, valued at $26,400.00 BD. 8,800 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,221.41, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
ABIR Announces Appointment Of Joshua Alvera
The Association of Bermuda Insurers and Reinsurers [ABIR] announced the appointment of Bermudian Joshua Alvera [pictured] as its Public Policy and Regulatory Affairs Representative. In this role, he will be responsible for conducting research and analysis on various regulatory and public policy issues, while also providing general support to ABIR’s... Read more of this article
Hamilton Insurance Support Youth Digital Literacy
Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, today [Jan 11] announced a shift in the funding strategy undertaken by its Community Giving Committee. “Following strategic planning that identified opportunities to align Hamilton’s philanthropy in Bermuda... Read more of this article
