Hashtag: #BermudaBusiness
Shipping Schedule: Week Starting March 18
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday Shipping Schedule: Week Starting March 18th. On Sunday the Walther Herwig III fishery patrol vessel is expected, on Monday the Oleander container ship will arrive, and on Wednesday the Cepheus Leader vehicles carrier is scheduled... Read more of this article
Tannock Discusses AI, Business & More
Patrick Tannock, CEO of AXA XL Insurance in Bermuda, recently shared his insights on the importance of Artificial Intelligence [AI] to the insurance industry, where AI is being used in the industry; where he sees the potential for it; and the impact that AI is expected to have on business. Speaking to Managing Editor of Insider Engage, Meg Green, at... Read more of this article
AM Best Affirms Credit Ratings Of Arch Capital
AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” [Superior] of Arch Reinsurance Ltd. [Arch] [Bermuda] and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] and the Long-Term Issue Credit Ratings [Long-Term... Read more of this article
Bermuda Stock Exchange Report: Mar 17 2023
March 17 saw 13,500 shares trade on the Bermuda Stock Exchange, valued at $ 78,300.00 BD. 13,500 shares were traded by Argus Group Holdings Ltd, closing up 0.9% at $5.80 per share. The BSX finished at 2,187.54, up 0.05% on the day. There were 2 advances, 0 declines, and 64 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
Tracy Berkeley Appointed As BTA CEO
[Updated] The Bermuda Tourism Authority has confirmed that Tracy Berkeley — who has served as the interim CEO since June 2022 – has been appointed the Chief Executive Officer. A spokesperson said, “The Bermuda Tourism Authority [BTA] has confirmed Tracy Berkeley as Chief Executive Officer, creating history as the organisation’s... Read more of this article
Bermuda Stock Exchange Report: Mar 16 2023
March 16 saw 33,200 shares trade on the Bermuda Stock Exchange, valued at $373,725.00 BD. 25,000 shares were traded by LOM Financial Limited, closing down 1.0% at $5.10 per share, while another 8,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 13.0% at $30.00 per share. The BSX finished at 2,186.35, down 9.95% on the day. There... Read more of this article
Food Up 10.3% Annually, Down 0.1% Monthly
The average cost of lettuce went up 59.1%, pasta went up 57.3%, and eggs went up 56.6% on a year to year basis, while on a month to month basis, the average cost of frozen spare ribs decreased 15.3%, boneless pork loin decreased 13.0% and apples decreased 5.6%. This is according to the recently released December Consumer Price Index which said that... Read more of this article
CC&L: Airport Is ‘Resilient, Durable Asset’
“The L.F. Wade International Airport is an excellent example of a resilient, durable asset with potential for growth as passenger traffic recovers in the wake of Covid-19,” Canadian company CC&L Infrastructure said after purchasing a 49.9% interest in Skyport. A statement on their website announced the “acquisition of a 49.9% minority... Read more of this article
IGI Announces Completion Of EIO Acquisition
International General Insurance Holdings Ltd. [IGI] announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS [EIO]. A spokesperson said, “The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed IGI Nordic AS [IGI Nordic], is a subsidiary... Read more of this article
Pineapple, Black Cherry & Mango Dark n Stormy
In addition to the original Dark ‘n Stormy, Goslings has added three new flavours — Pineapple Dark ‘n Stormy, Black Cherry Dark ‘n Stormy, and Mango Dark ‘n Stormy — with all four available in newly designed cans. “This may be the most significant innovation during my time at Goslings” said E. Malcolm Gosling, 7th Generation... Read more of this article
Retail Sales Decreased 1.7% In December 2022
After adjusting for the retail sales rate of inflation – measured at 6.3% in December – the overall volume of retail sales decreased 1.7% when compared to December 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the December 2022 Retail Sales... Read more of this article
‘Keys To The Rock’ Launches Season 2
Keys to the Rock [K2TR], a Bermuda real estate podcast hosted by industry professionals Daniel Woods and Ben Rego, is aiming to “educate the Bermuda public about all things real estate,” with the premiere of season two recently released. A spokesperson said, “Keys to the Rock is Bermuda’s only real estate podcast, hosted by industry professionals... Read more of this article
