Hashtag: #BermudaBusiness
RAB: Proposal For Change Of Control For TBI
The Regulatory Authority of Bermuda has received notification of a proposed change of control of TeleBermuda International Limited [TBI], with all the shares to be purchased by East End Group and Omnium Bermuda. The RAB decision said, “The Regulatory Authority of Bermuda has received notification of a proposed change of control with respect to... Read more of this article
RenRe Estimates Impact Of U.S. Tax Bill
RenaissanceRe Holdings Ltd. announced that it has conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which was passed by both houses of the United States Congress as of December 20, 2017. The Tax Bill amends a range of U.S. federal tax rules applicable to individuals, businesses and international taxation, including, among other... Read more of this article
Chaucer Establishes Reinsurance Sidecar
Chaucer, the international specialty insurance group, announced the creation of a reinsurance sidecar to provide collateralized capacity for Chaucer Syndicate 1084’s global reinsurance portfolio in 2018. Bermuda-based Thopas Re Ltd., a newly formed segregated account company, will lead the transaction, which includes $95m of third-party investor... Read more of this article
Bermuda Stock Exchange Report: Dec 21 2017
December 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,202.27, 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 Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange... Read more of this article
ICSS Launches New Home Security System
ICSS announced the launch of the WeR home security system, saying it “lets people manage their property via mobile and web application. Users can view a live stream from their home on their mobile or desktop, with installation and set up taking only 15 minutes. “Part of ICSS’s mission is to provide Bermuda’s residents with the highest level... Read more of this article
Fitch On US Tax Reforms & Bermuda Re/insurers
“U.S tax reforms set to take effect in 2018 are credit negative for the Bermuda [re]insurance market,” according to Fitch Ratings, who added they ”expect Bermuda will largely maintain its strong position in the global reinsurance market.” “The cut in the U.S. corporate tax rate to 21% from 35% and a new tax on premiums... Read more of this article
Photos: Minister & MPs Visit Businesses
The Minister of Economic Development and Tourism Jamahl Simmons and area MPs Renee Ming and Kim Swan visited with business owners in the Town of St George. “The historic town is decked out with festive Christmas decorations, and the lively atmosphere is perfect for holidays cheer. With only a few days left for shopping St. George businesses are... Read more of this article
Scooter Mart Accepting Bitcoin Payments
Saying that they believe it will be a very common practice in years to come, Scooter Mart is now accepting digital currency, with the bike dealership accepting Bitcoin [BTC] and Verge [XVG] payments. Nick Thomson from Scooter Mart told Bernews, “Bitcoin is a relatively new form of worldwide digital currency also known as a cryptocurrency. It... Read more of this article
HSBC Staff Volunteer With Eliza DoLittle Society
In partnership with The Eliza DoLittle Society [TEDS] and the Anglican Cathedral, HSBC’s workforce has rolled up their sleeves for a second year in an ongoing effort to address the issue of hunger in Bermuda. From September 2017 through to February 2018, the Bank continues its second bank-wide, team based volunteering programme comprising of over... Read more of this article
Hamilton Underwriting Sells Legacy Book
Hamilton Underwriting Limited, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group [Hamilton], confirmed that Syndicate 3330, with capital provided by Randall & Quilter [R&Q] and AXA DBIO and managed by Coverys Managing Agency, has been successful in its bid to acquire the legacy book that Hamilton... Read more of this article
Bermuda Stock Exchange Report: Dec 20 2017
December 20 saw 31,516 shares trade on the Bermuda Stock Exchange, valued at $93,797.84 BD. 30,016 shares were traded by One Communications Ltd, closing even at $3.00 per share, while another 1,500 shares were traded by LOM Financial Limited, closing even at $2.50 per share. The BSX finished at 2,202.27, even on the day. There were 0 advances, 0... Read more of this article
Six Bermudians Complete Internship In Toronto
Six Bermudians have completed an internship programme in Toronto and have all received job offers on their return home. The programme was a partnership between Skyport, Aecon Group Inc. and the Bermuda Government, Department of Workforce Development [DWD]. It was given the greenlight once the project agreement was signed earlier this year. “Following... Read more of this article
