Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Oct 6 2017
October 6 saw 11,844 shares trade on the Bermuda Stock Exchange, valued at $91,483.70 BD. 8,200 shares were traded by One Communications Ltd, closing up 0.3% at $3.00 per share, while another 1,544 shares were traded by Argus Group Holdings Ltd, closing up 6.7% at $4.00 per share. 1,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down... Read more of this article
Minister: National Training Board Annual Report
Minister of Education and Workforce Development Diallo Rabain tabled the 2016/17 Annual Report of the National Training Board [NTB] in the House of Assembly today [Oct 6]. Minister Rabain said, “The Annual Report highlights various initiatives, many of which owe their origins to the previous PLP Government, which include: a] Collaborative work... Read more of this article
Dorchester House Building For Sale: $3.75 Million
The Dorchester House office building on Church Street is available for sale, priced at $3.75 million. Sales agent Mark Orchard advised: “The owners of the building have decided to offer this building at the very attractive price of $3.75 million and as a result I have received very good response from various segments of the market. “The building... Read more of this article
Former CIA Executive Director Joins Bank Board
The Bank of Butterfield announced that Meroe Park has been appointed to its Board as a Non-Executive Director. “Ms. Park was most recently the Executive Director of the United States Central Intelligence Agency, serving as the Agency’s chief operating officer in its most senior career post,” the announcement said. “Prior to her... Read more of this article
Delegation Promotes Bermuda Shipping Industry
Speaking in the House of Assembly today [Oct 6] Minister of Transport and Regulatory Affairs Walter Roban provided an overview of his attendance at two shipping conferences in London, saying that the delegation worked to promote our “island’s significant Ship Registry and ship services, demonstrated that Bermuda is a safe harbour and open for... Read more of this article
PartnerRe Estimate $475M Catastrophe Losses
Bermuda-based PartnerRe Ltd. estimates their combined catastrophe losses in the third quarter of 2017 to be approximately $475 million [pre-tax, net of retrocession and reinstatement premiums] from Hurricanes Harvey, Irma and Maria. The company said their estimate of losses for these events is “based on a preliminary analysis of the Company’s... Read more of this article
Bermuda Stock Exchange Report: Oct 5 2017
October 5 saw 2,322 shares trade on the Bermuda Stock Exchange, valued at $84,173.10 BD. 2,322 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.4% at $36.40 per share. The BSX finished at 2,155.64, up 0.31% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Fairmont Southampton Unveils ‘Mediterra’
As part of their $1 million ‘rejuvenation project,’ the Fairmont Southampton is introducing their new restaurant Mediterra, which they said “will make Mediterranean dining culture and diverse old-world cuisine available in Bermuda.” In introducing the new restaurant, a hotel spokesperson said, “Offering tapas and shared... Read more of this article
Minister David Burch Visits Hamilton Docks
Earlier this week, the Minister of Public Works Lt/Col David Burch toured the Hamilton docks to get an overview of the daily operations. The Hamilton dock tour was part of a series of visits that the Public Works Minister has made in recent weeks to assess the Island’s various lands, infrastructure and buildings. Stevedoring CEO Warren Jones and Minister... Read more of this article
KFC Summer Staff Enjoy Work Experience
This past summer, KFC Bermuda recruited several young Bermudians who were eager to ‘earn a buck’, but to also learn and train in a fun environment. Zariyah Georges, Kuiana Daniels and Dontae Butterfield all agreed that the summer employment at KFC helped them to achieve business experience through teamwork, organization and dedication, and when... Read more of this article
ACBDA To Become ‘Bermuda Event Authority’
The Government will transform the ACBDA into the Bermuda Event Authority which will build on the experience of hosting the America’s Cup and “utilize a far more diverse and inclusive approach to finding, attracting and managing events,” Minister of Economic Development and Tourism Jamahl Simmons said today. Minister Simmons said, “The... Read more of this article
RenRe Estimate $625M From Storms & Quake
Bermuda-based RenaissanceRe Holdings Ltd. said it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake. The Company currently estimates that losses from Hurricanes Harvey and Irma will have a net negative impact of approximately $225 million and $175 million, respectively,... Read more of this article
