Hashtag: #BermudaBusiness
Kevin Richards Joins Board Of Shipping Group
BDA’s Kevin Richards, Business Development Manager for International Commerce, has been named to the Board of the Bermuda International Shipping Association [BISA]. “I’m delighted to join the Board of BISA, which is an important part of Bermuda’s shipping ecosystem,” said Richards. “Historically, BISA has been a strong voice in Bermuda’s... Read more of this article
Retail Sales Increase 2.3% In April 2017
Retail sales in April 2017 increased 2.3% above the $92.7 million recorded in April 2016 and when adjusting for the annual retail sales rate of inflation – measured at 0.8% in April – the volume of retail sales increased 1.4%, according to the recently released Retail Sales Index. “Five of the seven sectors experienced increases in sales... Read more of this article
‘Record Breaking’ Month For Butterfield & Vallis
Butterfield & Vallis said they are “celebrating a record-breaking month of business due to the 35th America’s Cup.” “The America’s Cup and the Tall Ships Festival have created an exciting atmosphere and driven an appreciable increase in food sales in May, resulting in record sales for the local food distribution company. In... Read more of this article
A.M. Best Affirms Ratings Of Assured Guaranty
Rating company A.M. Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” of Assured Guaranty Re Overseas Ltd. [AGRO] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect AGRO’s strong risk-adjusted capitalization,... Read more of this article
Goslings Stormy Ginger Beer Sales Increase
Castle Brands, an international marketer of premium drinks brands, reported their latest financial results, and in doing so, said that sales of Goslings Stormy Ginger Beer increased 23.3% to $20.0 million from $16.2 in the prior year “due to strong sales in the U.S. and international markets.” “In March, Goslings Stormy Ginger Beer... Read more of this article
Shipping Schedule: Week Starting June 17
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 17th. On Saturday the USCG Venturous medium endurance cutter, the Ocean Dream and the Grandeur of the Seas cruise ships are expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive,... Read more of this article
Bermuda Stock Exchange Report: June 16 2017
June 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,041.60, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock... Read more of this article
Bermuda Stock Exchange Report: June 15 2017
June 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,041.60, even on the day. There were 0 advances, 0 declines, and 60 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 Report:... Read more of this article
BDA Appoint Greg Wojciechowski To Board
The Bermuda Business Development Agency [BDA] has announced the appointment of Greg Wojciechowski to its Board of Directors. Wojciechowski, President and Chief Executive Officer of the Bermuda Stock Exchange [BSX] for the past 15 years, joined the BDA Board this month. “On behalf of my fellow directors, I am delighted to welcome Greg to the Board,”... Read more of this article
Butterfield & Warner Retire From Ascendant
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited announced the retirement of two Directors. The full filing stated, “The Board of Directors of Ascendant Group Limited announces the retirement of Mr. James Butterfield and Dr. Wilbert Warner from the Company’s Board, effective June 9, 2017. Mr. Butterfield has served on the... Read more of this article
Arch Announces Closing Of Secondary Offering
Bermuda-based Arch Capital Group Ltd. [ACGL] announced that an underwritten public secondary offering of 6,381,410 common shares by certain selling shareholders affiliated with American International Group, Inc. has closed. The public offering price is $92.50 per common share for an aggregate public offering price of $590,280,425. The underwriters... Read more of this article
Hamilton Insurance Appoint Bernhard & Johnson
Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the US and at Lloyd’s, announced two senior role changes in its Bermuda operations. Keith Bernhard now holds the title of Chief Audit Officer, reporting to Interim Group CEO David Brown. Mr. Bernhard is responsible for developing and executing... Read more of this article
