Hashtag: #BermudaBusiness
Dockyard Glass Fusion Studio Offering Classes
A glass fusion studio – dubbed studio8.glass – that recently opened within the Glassworks at Dockyard is offering a unique way for locals and visitors to learn glass fusion and make artistic glass pieces. A spokesperson said, “The business was set up in 2015. It started off in a small room in a warehouse offering weekend classes to... Read more of this article
Photos: Princess Completes Renovation Project
Hamilton Princess & Beach Club recently completed its three-year, $100 million renovation project, adding new elements of “luxury” and “contemporary features to the historic landmark property to meet the needs of today’s traveller.” This third and final phase of the project introduced a new gym last month and, more recently,... Read more of this article
Bermuda Stock Exchange Report: July 5 2016
Today [July 5] saw 53,867 shares trade on the Bermuda Stock Exchange, valued at $172,422.20 BD. All 53,867 shares were traded by Bermuda Aviation Services Ltd, closing up 41.3% at $3.25 per share. The BSX finished at 1,219.51, up 0.36% on the day. There was 1 advance, 1 decline, and 57 remained unchanged. The full report for the day is available Read More →
Burrows Lightbourn & Discovery Wines Alliance
Discovery Wines and Burrows, Lightbourn announced that they have formed a “strategic alliance” which will create a single portfolio of premium wines, beers and spirits to offer wholesale and retail customers. “Burrows, Lightbourn will assume the wholesale distribution of Discovery Wines exclusive wine offerings made up of some of the... Read more of this article
Conyers High Net Worth Chambers Rankings
Conyers Dill & Pearman’s Bermuda Private Client and Trust practice has been ranked Band 1 in Chambers & Partners’ High Net Worth guide. Conyers was the only Bermuda firm ranked Band 1 in the Offshore: Trusts category. Alec Anderson [pictured], Director & Global Head of Private Client & Trust and Narinder Hargun, Director & Co-Chairman... Read more of this article
Assured Completes CIFG Assurance Acquisition
Assured Guaranty Ltd. announced today that its subsidiary Assured Guaranty Corp. [AGC] acquired CIFG Holding Inc., the parent of financial guaranty insurer CIFG Assurance North America, Inc. [CIFG] in accordance with the agreement announced on April 13, 2016. “On or about July 5, 2016, CIFG will merge with and into AGC, with AGC as the surviving... Read more of this article
S&P Reaffirms ‘A-’ Ratings For IGI Bermuda
Standard & Poor’s Ratings Services [S&P] reaffirmed the “A-” insurer financial strength and counterparty credit ratings on International General Insurance Company Ltd [IGI]’s Bermuda and “A-” insurer financial strength rating for UK operations and affirmed its stable outlook. In March last year, S&P upgraded the Group’s financial... Read more of this article
Insurance Interns Head Overseas For Programs
Twelve Bermudian undergraduates left for Atlanta, Chicago, and London this past weekend in order to start their two week BFIS ‘Intro‐to‐insurance’ summer intern programmes. Each team of four students will be “learning in depth about all aspects of the insurance business.” Traveling to Atlanta were Chelsy Furtado [accounting/Acadia],... Read more of this article
Bermuda Stock Exchange Report: July 4 2016
Today [July 4] saw 2,214 shares trade on the Bermuda Stock Exchange, valued at $3,762.96 BD. All 2,214 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.7% at $1.70 per share. The BSX finished at 1,215.10, up 2.27% on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available Read More →
BELCO: Ensure Contact Information Up To Date
In its continued efforts to provide the most efficient response possible during outages, BELCO is asking customers to review their most recent electricity bill to ensure contact information is up to date and accurate. “During outages, especially those related to storms and hurricanes, customers are often directed to call 955 during the restoration... Read more of this article
Photos: Exhale Spa’s Roof Wetting Ceremony
The Hamilton Princess and Beach Club recently held a traditional Bermuda roof wetting ceremony to celebrate the opening of their new spa, which offers some 5,400 square feet of spa space, and an array of spa services including some unique to Bermuda, such as the Rum Swizzle Scrub which incorporates premium aged rum. Wetting the roof with Gosling’s... Read more of this article
Limited Liability Company Act 2016 Tabled
Economic Development Minister Dr Grant Gibbons tabled the Limited Liability Company Act 2016 in the House of Assembly on Friday, saying the “Bill is a significant piece of legislation which will establish the first new commercial structure in Bermuda in more than 100 years.” Minister Gibbons said, “With the enactment of this legislation,... Read more of this article
