Hashtag: #BermudaBusiness
Bacardi Names Vergara As President Of Patron
Bacardi Limited announced the appointment of Mauricio Vergara as President and Chief Operating Officer [COO] of Patrón. A spokesperson said, “Bacardi Limited, the world’s largest privately held spirits company, announces the appointment of Mauricio Vergara as President and Chief Operating Officer [COO] of Patrón. A seven-year Bacardi veteran,... Read more of this article
Bermuda Stock Exchange Report: Oct 30 2020
October 30 saw 24,632 shares trade on the Bermuda Stock Exchange, valued at $154,911.72 BD. 532 shares were traded by Bank of N.T. Butterfield Ltd, closing down 10.0% at $25.21 per share, while another 100 shares were traded by Somers Limited, closing even at $14.00 per share. 21,000 shares were traded by Argus Group Holdings Ltd, closing up 37.0%... Read more of this article
Bermuda Spa Month Returns This November
Bermuda’s Spa Month returns this November, with “numerous properties offering substantial deals to travellers and residents throughout November.” A BTA spokesperson said, “Bermuda’s spas are gearing up for a month-long promotion of health and wellness, with numerous properties offering substantial deals to travellers and residents... Read more of this article
‘Additional $15M Is Now Required To Be Paid’
Airport operator Skyport has submitted its latest minimum revenue guarantee certificate and an “additional $15 million is now required to be paid by the BAA to Skyport,” the Government said today. A Government spokesperson said, “The Bermuda Airport Authority [BAA] recently confirmed that the L..F. Wade International Airport operator Skyport... Read more of this article
Coaching Firm Transform Launches Website
Local coaching and consulting firm Transform has launched a website, “connecting the world with its expanded service offerings.” A spokesperson said, “One of Bermuda’s leading professional coaching and consulting firms, Transform, announced its own transformation by launching a new website, connecting the world with its expanded... Read more of this article
Stablehouse Raises Over $2M In Seed Funding
Stablehouse has raised $2.18 million in seed funding from Liberty City Ventures, Dragonfly Capital, and other investors. A spokesperson said, “Stablehouse, a pioneering payment and FX exchange platform for stablecoins, has announced seed funding of $2.18 million, with investments secured from Dragonfly Capital, the VC focusing on crypto asset... Read more of this article
Bermuda Stock Exchange Report: Oct 29 2020
October 29 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $185,000.00 BD. 10,000 shares were traded by BF&M Ltd, closing up 2.8% at $18.50 per share. The BSX finished at 1,973.64, up 0.19% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Video: ‘Taking Off’ Highlights Security Checkpoint
Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the new passenger security checkpoint. Speaking in the episode, Mikaela Pearman said, “As we get closer to the opening of the new passenger terminal building, I’ll... Read more of this article
PartnerRe Announces Partnership With Ladder
PartnerRe announced that it has established a new partnership with Ladder. A spokesperson said, “Founded in 2015, Ladder has pioneered the use of machine learning to fully and instantly underwrite life insurance online. The result is a streamlined, ten-minute digital process and affordable pricing to help modern consumers care for their families.” “We... Read more of this article
Axis Capital Reports 2020 Third Quarter Results
AXIS Capital Holdings Limited announced financial results for the third quarter ended September 30, 2020. Commenting on the third quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “This was a quarter in which the world and our industry were impacted by exceptional levels of cat loss activity. First and... Read more of this article
Somers Share Repurchases For September 2020
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced their recent share repurchases. The filing stated: “Somers Limited, a financial services investment holding company, announces that during the month of September 2020, Somers purchased 4,800 of its own common shares at an average cost of $13.56 per share. These Shares... Read more of this article
Apex & Banco Modal Acquisition Transaction
Apex Group Ltd. has entered into an agreement to acquire Banco Modal’s Alternative Fund Administration business in Brazil. A spokesperson said, “Apex Group Ltd. [Apex], a global financial services provider, and Banco Modal S.A., a Brazilian financial institution [Banco Modal], announced jointly today that Apex will acquire Banco Modal’s Alternative... Read more of this article
