Hashtag: #BermudaBusiness
Restaurant Weeks Extended Until February 28
In light of the recent relaxation of SafeKey requirements for restaurants and bars, the Bermuda Tourism Authority [BTA] has announced the extension of Bermuda Restaurant Weeks until February 28. A spokesperson said, “In the wake of Government’s recent relaxation of SafeKey requirements for restaurants and bars, the Bermuda Tourism Authority today... Read more of this article
Aircare Parts Department To Close For 4 Days
Aircare Limited announced that their Parts Department located at 25 Serpentine Road will be closed for stock taking from Monday, February 14th to Friday, February 18th, 2022. A spokesperson said, “Customers can continue to use online services through the Company’s website at www.aircare.bm which offers information on products and services, the ability... Read more of this article
VEON To Establish New Parent Company In UK
VEON Ltd. has announced its intention to move its group parent company to the United Kingdom. A spokesperson said, “VEON Ltd, a leading global provider of connectivity and internet services, has today announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited... Read more of this article
Bermuda Stock Exchange Report: Feb 10 2022
February 10 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $63,000.00 BD. 10,000 shares were traded by Argus Group Holdings Ltd, closing even at $6.30 per share. The BSX finished at 2,564.97, 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
Argus Launch $15,000 Sheila Nicoll Argus Award
The Argus Group today [Feb 10] announced the launch of the Sheila Nicoll Argus Award, noting that Ms. Nicoll was a member of the Argus Group Board of Directors for 14 years and was the Chair from 2008 until her retirement in 2021. A spokesperson said, “Argus invites applications from undergraduate students who are studying Actuarial Science, Business,... Read more of this article
Hamilton Select Insurance Appoint Rhoades
Hamilton Insurance Group announced the formation of Hamilton Select Insurance Inc, and Clay Rhoades has been named CEO. A spokesperson said, “Hamilton Insurance Group, Ltd. today announced the formation of Hamilton Select Insurance Inc., a US excess and surplus [E&S] lines insurer. Hamilton Select Insurance Inc. has received a Financial Strength... Read more of this article
EY’s 2022 Global Insurance Outlook Report
Three megatrends are reshaping the insurance industry and leaders who address them with urgency, creativity and bold action stand to be richly rewarded, EY’s 2022 Global Insurance Outlook report finds. A spokesperson said, “The report highlights ecosystems and open insurance, workforce transformation and sustainability as key areas of opportunity... Read more of this article
Bacardí To Cut Greenhouse Gas Emissions
Bacardi has announced that its premium rum brand will cut its greenhouse gas emissions in half from 2023. A spokesperson said, “Bacardi, the largest privately held spirits company in the world, has announced that its iconic premium rum brand will cut its greenhouse gas [GHG] emissions in half from 2023. “Bacardí rum’s GHG emissions will be reduced... Read more of this article
Convex Will Not Insure New Thermal Coal Mine
“We will not insure the construction or operation of any new thermal coal mine and/or its dedicated infrastructure,” Convex said. A spokesperson said, “Client confidentiality is a fundamental principle at Convex and, as such, it is our policy, along with many other financial institutions, not to comment publicly about our clients or any specific... Read more of this article
Bermuda Stock Exchange Report: Feb 9 2022
February 9 saw 18,683 shares trade on the Bermuda Stock Exchange, valued at $122,066.65 BD. 183 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.3% at $38.00 per share, while another 500 shares were traded by Devonshire Industries Ltd, closing down 6.7% at $3.50 per share. 18,000 shares were traded by Argus Group Holdings Ltd, closing... Read more of this article
Digicel Appoints Monique White As HR Director
Digicel Bermuda has promoted Monique White to oversee their Human Resources Department. A spokesperson said, “It is with great delight that Digicel Bermuda announced that they have promoted Monique White to oversee their Human Resources Department. “Ms. White has an abundance of experience which has led her to the promotion of HR Director. Getting... Read more of this article
Bermuda Captive Network Launch
The Bermuda Captive Network recently launched and “will continue to promote Bermuda as a world-class domicile in the global risk market.” A spokesperson said, “Innovative, impactful, inclusive. These are the guiding principles for the Bermuda Captive Network, a new, membership-focused organisation providing education, value and effective... Read more of this article
