Hashtag: #BermudaBusiness
Digicel: ‘Next Generation Internet Technology’
Digicel’s fibre internet will be rolled out in Bermuda in the coming weeks, offering “the fastest and most reliable way to access the internet.” A spokesperson said, “The need for amazing connectivity has never been stronger, with the need to grow minds and businesses. Now that’s made possible thanks to Digicel’s fibre internet... Read more of this article
KPMG In Bermuda Make Leadership Changes
KPMG in Bermuda announced leadership changes, saying that effective October 1, 2017, the role of Chairman and Chief Executive Officer will be split. Neil Patterson will retain the firm’s Chairmanship and Mike Morrison, Head of Advisory, will become the firm’s Chief Executive Officer. This marks the first time in the firm’s history where a leader... Read more of this article
Fireminds Receives ‘Major Equity Investment’
Fireminds announced that it has “received a major equity investment from ATN International, Inc. to expand its operations.” The transaction closed on September 8th, 2017 and “positions Fireminds to enhance and increase its product offerings and undertake international expansion,” the company said, adding that “Founder... Read more of this article
Tobacco Bay Beach Reopens To Swimmers
The Ministry of Health is reopening Tobacco Bay beach to swimmers as “tests this weekend show levels of bacteria have dropped to within the normal range.” “Monitoring by Environmental Health scientists will continue and seawater sampling results will be updated on www.gov.bm/seawater-monitoring-programme-bathing-beaches later this... Read more of this article
100WF Donates $20K To Centre Against Abuse
The 100 Women in Finance [100WF] Gala held in June at the Commissioner’s House supported the Centre Against Abuse [CAA], resulting in the Gala Committee making a donation of $20,000 to support the CAA’s programmes. A spokesperson said, “The inaugural Bermuda event was attended by leaders in the financial services industry, and guests included... Read more of this article
HSBC Church St Line/Drive Through Changes
At the HSBC Church Street branch transaction and customer wait times were “significantly longer at the dedicated Seniors’ teller than at the main teller line,” and a “decision was made to incorporate the Seniors’ teller into our main teller lines,” the Bank said. Following comments made at the recent town hall about the change... Read more of this article
Firms Move Staff To Bermuda Due To Hurricane
[Written by Don Burgess] Hurricane Irma has forced law and accounting firms to uproot some of their employees to Bermuda from the British Virgin Islands. Conyers Dill & Pearman, Appleby, EY, and Deloitte are just some of the companies now conducting their BVI business from Bermuda. Mark Forte, partner and head of the Conyers BVI office told Bernews... Read more of this article
A.M. Best Affirms Argo Group Ratings
A.M. Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. A statement from the rating company said, “A.M. Best also has affirmed the Long-Term ICR of “bbb” and the Long-Term Issue Credit Ratings [Long-Term IR] of the parent holding... Read more of this article
HSBC & Pathways Addressing Substance Abuse
HSBC Bermuda and Pathways Bermuda, [formerly Caron Bermuda], is marking its seventh year of partnership with an effort to address the “critical issue of the disease of addiction on the island.” HSBC continues to support Pathways Bermuda’s adolescent and family outpatient programmes which since inception, has helped 74 adolescents and 73... Read more of this article
Registration For Dive In Festival Still Open
Registration remains open for next week’s Dive In Festival which aims to highlight the business case for diverse and inclusive workplaces and provide practical ideas and inspiration for how to bring about positive change. However, organizers of the festival events are urging those interested in attending to sign up while there is still space available. A... Read more of this article
Shipping Schedule: Week Starting September 23
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday September 23rd. On Monday the Oleander container ship is expected, on Tuesday the Kariyushi Leader vehicles carrier will arrive, and on Wednesday the Norwegian Breakaway cruise ship and the Somers Isles container ship are... Read more of this article
Bermuda Stock Exchange Report: Sept 22 2017
September 22 saw 6,697 shares trade on the Bermuda Stock Exchange, valued at $75,024.10 BD. 5,000 shares were traded by One Communications Ltd, closing up 15.0% at $2.99 per share, while another 1,697 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $35.50 per share. The BSX finished at 2,121.17, up 0.79% on the day. There were... Read more of this article
