Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Aug 22 2023
August 22 saw 10,231 shares trade on the Bermuda Stock Exchange, valued at $81,848.00 BD. 10,231 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $8.00 per share. The BSX finished at 2,219.98, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Dockyard: Fireworks, Gombeys, Vendors & More
The ‘Big Bang Finale’ at Destination Dockyard this Thursday evening [Aug 24] will feature over 30 local vendors, live entertainment, the Gombeys, a fireworks display and more. A spokesperson said, “As the sun sets on another incredible summer season, WEDCO is thrilled to invite residents and visitors alike to join us for an unforgettable... Read more of this article
Review: The Three King’s Restaurant
[Written by Dale Butler] St. George’s, and Bermuda as a whole, is definitely ready for The Three Kings Restaurant. It is a new location from the FoodHub Group serving steaks and shanks, pizza, pasta, noodles, fried rice, soups, salad, and burgers, along with Indian, Greek, and Chinese. In addition, there is an extensive list of appetizers and interesting... Read more of this article
Retail Sales Decreased 4.1% In April 2023
After adjusting for the retail sales rate of inflation – measured at 5.4% in April – the overall volume of retail sales index decreased 4.1% when compared to April 2022, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the April 2023 Retail Sales... Read more of this article
Chilson To Serve As President Of Argo Surety
Argo Group International Holdings announced Greg Chilson as president of Argo Surety, effective September 1. Mr. Chilson has served as a strategic advisor to the business since May. “Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety’s track record as a very profitable, growth-oriented business,”... Read more of this article
Compre Continues To Expand US Operation
Compre, the Bermuda-headquartered, international legacy group, today announces the appointment of seven US claims specialists, effective immediately. A spokesperson said, “The team will report to Bill Bouvier, claims director, North America and, to accommodate them, Compre has moved its US headquarters to new offices in Manchester, New Hampshire. “The... Read more of this article
Mosaic Appoints David Drogin As US Cyber Lead
Mosaic Insurance has appointed David Drogin to lead growth of its US cyber business, as part of the division’s global buildout to meet demand across the sector. A spokesperson said, “Drogin joins the specialty insurer’s New York office as SVP, Head of US, Cyber, reporting to Global Head of Cyber Yosha DeLong. He will be responsible for leading... Read more of this article
Bermuda Stock Exchange Report: Aug 21 2023
August 21 saw 100 shares trade on the Bermuda Stock Exchange, valued at $610.00 BD. 100 shares were traded by Argus Group Holdings Ltd, closing up 1.7% at $6.10 per share. The BSX finished at 2,219.98, up 0.11% on the day. There was 1 advance, 0 declines, and 62 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
BF&M Reports Net Income Of $13.9 Million
BF&M Limited today reported a net income of $13.9 million for the six months ended 30 June 2023, marking a significant improvement compared to a restated net loss for the comparative period in 2022 of $12.2 million. This marks the second quarter the Company is reporting under IFRS 17 and IFRS 9, the respective new accounting standards for insurance... Read more of this article
BermudAir Aircraft Arrives In Bermuda
A BermudAir aircraft arrived on the island last night [Aug 19] for “preparatory flights that Bermuda authorities will review as part of the ongoing local regulatory process,” which the company called “another key milestone towards BermudAir’s launch.” A spokesperson said, “BermudAir’s first aircraft arrived... Read more of this article
AGUS To Sell $350M Of 6.125% Senior Notes
Assured Guaranty Ltd. announced that its subsidiary, Assured Guaranty US Holdings Inc. [AGUS], has agreed to sell $350 million of 6.125% Senior Notes due 2028. A spokesperson said, “The notes are guaranteed by Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty]. The notes are expected to settle on August 21, 2023, subject... Read more of this article
HSBC Bermuda To Switch To Sustainable Cards
HSBC Bermuda has announced that “single-use plastic cards will be a thing of the past as the bank replaces them with cards made from recycled materials.” A spokesperson said, “The move is part of HSBC’s global strategy to reduce carbon emissions and achieve the Bank’s net zero goal by 2050. “The cards comprise of 85% recycled... Read more of this article
