Hashtag: #BermudaBusiness
Moody’s Assigned A3 Ratings To Fortitude
Fortitude Reinsurance Company Ltd. announced that Moody’s Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s three main operating companies: Fortitude Reinsurance Co. Ltd., Fortitude International Reinsurance Co. Ltd., and Fortitude Life Insurance and Annuity Co. Additionally, the global rating agency assigned a Baa2... Read more of this article
Bermuda Stock Exchange Report: Dec 12 2024
December 12 saw 800 shares trade on the Bermuda Stock Exchange, valued at $4,000.00 BD. 800 shares were traded by Argus Group Holdings Ltd, closing up 6.4% at $5.00 per share. The BSX finished at 2,578.82, up 0.28% on the day. There was 1 advance, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Bermuda Tops Latin America/Caribbean Rankings
Bermuda has been named the top jurisdiction for technology leadership in Latin America and the Caribbean by the Smart Centres Index [SCI]. A spokesperson said, “Developed by Z/Yen, the SCI evaluates the capabilities of global commercial centres to innovate, develop, and implement advanced technologies across key areas such as Science, Technology,... Read more of this article
BMA Reports 43 New Registrations In 2024
The Bermuda Monetary Authority [BMA] published its October 2024 licensing statistics, reporting 43 new insurance registrations. A Government spokesperson said, “The Bermuda Monetary Authority [BMA] has published its licensing statistics for October 2024, showcasing continued positive performance and steady growth in the island’s insurance sector. “In... Read more of this article
Aircare Announces Christmas Sale
Aircare Ltd. announced today [Dec 12] that it will hold a holiday sale throughout December. A spokesperson said, “Aircare Ltd. today announced that the Company is holding a holiday sale during the month of December. There will be several products on sale including: REME Ion: was $399 | Now $195.00 Midea Window Unit [Cooling Only], 12,000 btu: was... Read more of this article
ABIC Board Appoints Six New Directors
The Association of Bermuda International Companies [ABIC] has appointed Noel Pearman, Paul Simons, Christian Luthi, Jessica Cardoso, Colm Singleton, and Chris Maiato to its board of directors. A spokesperson said, “The Association of Bermuda International Companies [ABIC] has made six appointments to its board of directors. “The new directors... Read more of this article
Sam Bennett Wins Diving Award In Vegas
Bermudian Sam Bennett, the founder of EcoDive, has been honoured for his outstanding contributions to growing the diving community in Bermuda. His efforts were recognised at the Diving Equipment and Marketing Association [DEMA] Show, recently held in Las Vegas, Nevada. EcoDive, a Scuba Diving International [SDI] training and certification centre, was... Read more of this article
Polaris Holding Declares $0.05 Dividend
Polaris Holding Company Ltd. announced a $0.05 per share dividend. In a filing with the Bermuda Stock Exchange, Polaris said, “Please accept this notification that a dividend in the amount of BD $0.05 per share has been declared and approved by the board of directors of the Company, payable on 31 December 2024, to the shareholders of record as at... Read more of this article
Bermuda Stock Exchange Report: Dec 11 2024
December 11 saw 235 shares trade on the Bermuda Stock Exchange, valued at $7,145.00 BD. 235 shares were traded by Watlington Waterworks, closing even at $31.00 per share. The BSX finished at 2,571.67, even on the day. There were 0 advances, 0 decline, and 53 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Butterfield Earns ‘Bank Of The Year’ Award
Butterfield has retained the Bank of the Year award for Bermuda as announced by The Banker, an international financial affairs publication owned by the Financial Times. “The Banker’s Bank of the Year Awards aim to recognise lenders that have grown while retaining a solid balance sheet, improved the quality of their service, invested in technology... Read more of this article
Furtado Named Top Suzuki Service Advisor
Auto Solutions announced that David Furtado, After Sales Service Supervisor, has been named the top Suzuki Service Advisor in the Caribbean for the third quarter of 2024. The award covers 26 Caribbean territories for the period from July 1st to September 30th, 2024, and commends service knowledge, friendliness and understanding of client needs. Mr.... Read more of this article
Win Gift Vouchers In BEDC ‘Eat, Shop, Play’
The Bermuda Economic Development Corporation [BEDC] announced the return of its “Eat, Shop, Play” Shop to Win Draw, running from Monday, December 9th through Monday, January 6th. A spokesperson said, “This initiative invites the public to explore and support businesses in Bermuda’s Economic Empowerment Zones [EEZs], including Somerset, North... Read more of this article
