Hashtag: #BermudaBusiness
Conyers Receives High Rankings In Chambers
Conyers’ Bermuda and Cayman Islands Private Client & Trust practices have been recognised in Chambers and Partners’ High Net Worth Guide 2021, with Band 1 and Band 2 rankings, respectively. A spokesperson said, “Conyers continues to be ranked Band 1 in Bermuda for Offshore Trusts and is described as ‘the force to be reckoned with in... Read more of this article
Audio: Charles Jeffers On TravelPulse Podcast
The TravelPulse Podcast interviewed Bermuda Tourism Authority CEO Charles Jeffers II to “find out how the island has handled things over the last year and what travelers can expect now.” Listen below: The Podcast description said, “In episode 8, Brian and Sarah discuss the latest news around reopenings, and Sarah shares what the... Read more of this article
Photos: First Harbour Nights Of 2021 Season
The first Harbour Nights of 2021 took place on Front Street yesterday evening [July 21], with local artisans, crafters, chefs, entertainers, and more on hand for the public to enjoy. A spokesperson previously said, “As has been the tradition for nearly 30 years, Front Street will host Bermuda’s longest running street festival, which is free to... Read more of this article
Supatone Ltd Launches Virtual AP Software
Bermudian software development company, Supatone Ltd, has launched the Virtual AP, a “software that helps organizations to transition their Accounts Payable workflow from a largely paper-based process to a digital one, storing all documents in a central repository.” A spokesperson said, ” It is now available to businesses locally and... Read more of this article
Mahoney Appointed As Oneglobal Chairman
Oneglobal Broking announced that Dennis Mahoney will join Oneglobal Bermuda as Chairman, with immediate effect. A spokesperson said, “Dennis is a past President of the Insurance Institute of London, he also served as Chairman of W.I.N. [World Insurance Network] and subsequently as a long-time Board member of A.C.O.R.D. “Following his retirement... Read more of this article
AM Best Assigns PCA To North End Re Ltd
AM Best has assigned a Preliminary Credit Assessment [PCA] to North End Re Ltd. [Bermuda] with a Financial Strength Assessment of A- pca [Excellent] and a Long-Term Issuer Credit Assessment of “a-” pca [Excellent]. The outlook assigned to these PCAs is stable. Currently, the company is a wholly owned direct subsidiary of Brookfield Asset Management... Read more of this article
Bermuda Stock Exchange Report: July 21 2021
July 21 saw 1,300 shares trade on the Bermuda Stock Exchange, valued at $5,525.00 BD. 1,300 shares were traded by Bermuda Press [Holdings] Ltd, closing down 0.2% at $4.25 per share. The BSX finished at 2,511.61, even on the day. There were 0 advances, 1 decline, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
ABIR Welcomes Kace Wales As Intern
Bermuda College student Kace Wales has joined the Association of Bermuda Insurers and Reinsurers [ABIR] as an intern. A spokesperson said, “The 17-year-old from Sandys is studying on the Associate of Arts [Business Administration] programme at Bermuda College and aspires to a career in the insurance industry. He studied for his International Baccalaureate... Read more of this article
Deloitte Welcomes Interns & Set To Hold Event
Deloitte Bermuda — which recently welcomed 13 interns — will be hosting a student networking event on Monday [July 26] at the Royal Bermuda Yacht Club, with the event designed for students “to connect with financial services professionals, socialize, and benefit from the opportunity to learn more about the profession and ask questions.” A... Read more of this article
Stationery Store Launches Expansion Project
The Stationery Store has launched its latest expansion project entitled ‘Stationery Store Plus,’ saying they have ”made significant efforts to improve our in-store customer experience” and have added “three additional Bermudians to our staff.” A spokesperson said, “After much anticipation and demand from customers,... Read more of this article
Sale Of Bermuda Commercial Bank Completed
Somers Limited has “completed the sale” of Bermuda Commercial Bank [BCB] to Provident Holdings Ltd for a “total consideration of $72.8 million,” the company has confirmed. A spokesperson said, “Somers Limited, a BSX listed financial services investment holding company, announces that further to the Company’s announcement... Read more of this article
Bermuda Stock Exchange Report: July 20 2021
July 20 saw 9,000 shares trade on the Bermuda Stock Exchange, valued at $52,650.00 BD. 9,000 shares were traded by Argus Group Holdings Ltd, closing down 7.3% at $5.85 per share. The BSX finished at 2,511.63, up 0.38% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
