Hashtag: #BermudaBusiness
Shipping Schedule: Week Starting April 20
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 20th. On Saturday the Jasper Arrow vehicles carrier is expected, on Sunday the Norwegian Getaway and the Norwegian Gem cruise ships, the Oleander container ship and the Kas Kiara oil products tanker will arrive,... Read more of this article
Teenager Olly Cherry Creates Tourism Website
[Written by Stephen Wright] Teenager Olly Cherry has launched a tourism service, Bermuda Your Way, offering a “unique and bespoke” travel experience for visitors to the island. The 17-year-old, who initially developed the idea as part of a school project at Somersfield Academy, is passionate about the island and believes it more than fulfils the... Read more of this article
Bermuda Stock Exchange Report: April 19 2024
April 19 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $20,670.00 BD. 600 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $30.25 per share, while another 400 shares were traded by Argus Group Holdings Ltd, closing even at $6.30 per share. The BSX finished at 2,282.64, even on the day. There were 0 advances, 0... Read more of this article
Food Up 3.1% Annually, Up 0.1% Monthly
On an annual basis the food sector increased 3.1% and on month to month basis it increased 0.1% in November, according to the recently released November Consumer Price Index. As far as year to year food prices, the report said, “The Food sector increased 3.1 per cent. The major contributors to the annual increase in the sector were the average cost... Read more of this article
Conyers Trust Services Promotes Trey Tucker
Conyers Trust Services has announced the promotion of Trey Tucker to Trust Administrator. A spokesperson said, “Conyers Trust Services [Bermuda] Limited [Conyers Trust] is pleased to announce the promotion of Trey Tucker to the position of Trust Administrator. This achievement reflects Conyers’ commitment to nurturing talent and fostering... Read more of this article
November Consumer Price Index: Inflation 3.1%
Consumers paid 3.1% more in November 2023 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry of Economy and Labour released the November 2023 CPI from the Department of Statistics today. “In summary, consumers paid 3.1 per cent more in November... Read more of this article
Patrick Tannock To Retire As ABIC Chair
Patrick Tannock is to retire as Chairman of the Association of Bermuda International Companies [ABIC] after close to 10 years in the role. A spokesperson said, “He will stay on until the ABIC Board of Directors has chosen a successor, to ensure a smooth transition. “Mr. Tannock recently announced his intention to retire as Chief Executive... Read more of this article
Watlington Waterworks Declares $0.25 Dividend
In a filing with the Bermuda Stock Exchange [BSX], Watlington Waterworks Ltd. announced a declaration of dividend in the amount of BD$0.25 per share. The full filing stated, “At a recent meeting of the Board of Directors, it was agreed that a dividend in the amount of BD$0.25 per share will be declared to the shareholders of record as at 14 June... Read more of this article
Bermuda Stock Exchange Report: April 18 2024
April 18 saw 400 shares trade on the Bermuda Stock Exchange, valued at $12,100.00 BD. 400 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.4% at $30.25 per share. The BSX finished at 2,282.64, down 1.73% on the day. There were 0 advances, 3 declines, and 48 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Convex Group Releases 2023 Financial Report
Convex Group disclosed its financial outcomes for the period concluding on December 31, 2023. A spokesperson said, “Convex Group Limited [Convex], the international specialty insurer and reinsurer, today announces its financial results for the year ended 31 December 2023. Highlights Gross written premium: $4,217.6 million, an increase of 39%... Read more of this article
Bermuda Stock Exchange Report: April 17 2024
April 17 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,322.87, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: May 3 2024 Bermuda Stock Exchange... Read more of this article
Deanna Trott Wins Abbott Real Madrid Prize
Deanna Trott emerged as the winner of the Abbott Real Madrid promotion, receiving an all-expenses-paid trip to Madrid, Spain, courtesy of Bermuda General Agency Ltd. A spokesperson said, “The Abbott Real Madrid promotion, brought to you by Bermuda General Agency Ltd, has selected its winner and Deanna Trott is the big winner for 2024. “The... Read more of this article
LOM Financial Company Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], , LOM Financial Limited announced company shares purchased a total of 10,000 shares. The full filing says, “LOM Financial Limited, has announced that the Company purchased a total of 10,000 shares at an average price of $6.25 for cancellation during March 2024, pursuant to Regulation 6.38 of the... Read more of this article
Bermuda Stock Exchange Report: April 16 2024
April 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,322.87, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: May 3 2024 Bermuda Stock Exchange... Read more of this article
BDA & Chubb To Host Bermuda Reception
The Bermuda Business Development Agency [BDA], in partnership with Chubb, will host a Bermuda Reception at RISKWORLD 2024, the annual conference of RIMS, the world’s largest risk management community, in San Diego, California. A spokesperson said, “The Bermuda Reception will be held on Tuesday, May 7 from 5pm-7:30pm at the Sparks Gallery at... Read more of this article
‘Richards Limited’ Family Law Firm Launched
Adam and Katie Richards have launched Richards Limited, a new family law firm in Bermuda. A spokesperson said, “Bringing over 40 years of combined expertise, the co-founders aim to change the landscape of family dispute resolution on the island. Richards is committed to setting the standard for excellence in family law representation. The firm,... Read more of this article
