Hashtag: #BermudaBusiness
Intrepidus: New Local Insurance Broker Launches
Intrepidus Insurance Services [Intrepidus], a new local insurance broker, today [June 27] announces its official launch. “Intrepidus is a full-service independent insurance broker created to assist individuals and businesses in understanding, evaluating and navigating their insurance needs,” the company said. “Bermuda offers a myriad... Read more of this article
Finance Minister’s Visit To Brussels And Paris
Speaking in the House of Assembly on Friday [June 24], Minister of Finance Bob Richards provided an overview of his visit to Brussels and Paris, and various meetings he held with European officials. The Minister said, “The main purpose of this visit was to consolidate and enhance Bermuda’s reputation, thereby strengthening Bermuda’s relations... Read more of this article
Aon Recognized With 2016 Trading Risk Awards
Aon plc received top honors at the 2016 Trading Risk Awards last week, as Aon Securities CEO Paul Schultz won Outstanding Contributor of the Year and Aon Insurance Managers [AIM] won Market Facilitator of the Year. A spokesperson said, “As CEO of Aon Securities, Paul has helped develop the firm’s market leading practice advising clients on M&A,... Read more of this article
AM Best: Brexit Could Impact On Insurers Results
According to A.M. Best, the financial market volatility from Brexit “could have a material impact on insurers’ half-year results and balance sheets.” The UK referendum saw the British vote — by 51.9% — to sever the country’s membership in the European Union, with Britain set to be the first country to leave the EU since its formation. A... Read more of this article
Bermuda Stock Exchange Report: June 24 2016
Today [June 24] saw 78,700 shares trade on the Bermuda Stock Exchange, valued at $466,300 BD. 10,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.63 per share, while another 4,800 shares were traded by Argus Group Holdings Ltd, closing up 1.3% at $3.80 per share. 14,900 shares were traded by BF&M Ltd, closing down 0.6%... Read more of this article
Business Leaders On Impact Of UK Leaving EU
[Updated] The Association of Bermuda Insurers and Reinsurers and Bermuda Business Development Agency have both commented on the British voters decision to leave the European Union, with the referendum seeing 51.9% of voters backing an exit vote, while 48.1% voted to stay. ABIR said that Bermuda’s Solvency II equivalence finding by the European Union... Read more of this article
XL Group Approve Redomestication To Bermuda
XL Group‘s ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. XL shareholders also approved the other proposals necessary for the redomestication to proceed as set forth in the Company’s definitive proxy statement filed with... Read more of this article
BPW Holds Executive Committee Elections
The Business and Professional Women’s Association of Bermuda [BPW Bermuda] recently held its Annual General Meeting, where the 2016/2017 Executive Committee was elected by the members. A spokesperson said, “BPW Bermuda is the local chapter of the International Federation of Business and Professional Women. “The organization’s aims... Read more of this article
Consumer Price Index: Inflation Increased 0.1%
Consumers paid 1.1% more in April 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation increased 0.1 percentage points from the 1.0% measured in March 2016. The Consumer Price Index report said, “Between March 2016 and April 2016, the average cost of goods and services... Read more of this article
Bacardi Limited Elects New Director To Board
Facundo L. Bacardi, chairman of the board of directors of Bacardi Limited, the largest privately held spirits company in the world, announced a new director has been elected to serve on the Company’s 16-member board. The newly elected director is Stella J. David. She was elected to the Board at the Company’s Annual General Meeting on June 23, 2016,... Read more of this article
Bermuda Stock Exchange Report: June 23 2016
Today [June 23] saw no shares trade on the Bermuda Stock Exchange. The BSX finished at 1,174.00, even on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available Read More →
Understanding The Consumer Price Index
The Cabinet Office is advising today [June 23] that the Department of Statistics has released Understanding the Consumer Price Index. “The Understanding the Consumer Price Index is a handy guide designed to provide users of the consumer price index with information about its purpose, compilation and use,” a spokesperson said. “The... Read more of this article
