Hashtag: #BermudaBusiness
Colonial Offers Additional Help To Taxi Operators
Colonial Insurance said they have “stepped up its help for taxi drivers who are struggling due to Covid-19 by offering further cuts in insurance costs.” “We’ve seen how Covid-19 has affected tourism and, as a result, taxi drivers are seeing a big drop in their business,” said Naz Farrow, Colonial’s Chief Executive Officer. “When... Read more of this article
TPRE Announces Partnership With Arcadian Risk
Third Point Reinsurance Ltd. [TPRE] today [Sept 17] announced an investment in Arcadian Risk Capital Ltd.. A spokesperson said, “Third Point Reinsurance Ltd. [TPRE] today announced an investment in Arcadian Risk Capital Ltd. [“Arcadian” or “Arcadian Risk”], a start-up led by John Boylan, a well-known industry executive with a 30-year track... Read more of this article
Are You A Youth Entrepreneur? Enter Youth Pitch
The Bermuda Economic Development Corporation [BEDC] is looking for students across the island to pitch the next great idea with a focus on technology, for a chance to compete in the Youth Pitch category of the Rocket Pitch Competition. A spokesperson said, “If you are a student under the age of 18 with a burning idea for a new tech related business,... Read more of this article
Arcadian Risk Launches In Bermuda
Arcadian Risk Capital Ltd. announced today they are launching as a new underwriting operation based in Bermuda. “The start-up will initially underwrite Excess Casualty and Professional Lines insurance,” a spokesperson said, “Arcadian has received its licence from the Bermuda Monetary Authority and will operate as a Managing General... Read more of this article
Axis Capital Declares $0.41 Quarterly Dividend
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share payable on October 15, 2020, to shareholders of record at the close of business on October 2, 2020. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375 per depositary... Read more of this article
Bermuda Stock Exchange Report: Sept 16 2020
September 16 saw 3,096 shares trade on the Bermuda Stock Exchange, valued at $43,887.00 BD. 596 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.7% at $24.50 per share, while another 800 shares were traded by Somers Limited, closing down 3.4% at $14.00 per share. 800 shares were traded by BF&M Ltd, closing at an even $18.00 per... Read more of this article
Conyers Launches Student ‘Gap Year’ Internship
Conyers announced the launch of the Student ‘Gap Year’ Internship, a 6-8 month paid programme to support students who have put their studies on hold as a result of the Covid-19 pandemic. A spokesperson said, “The Student Gap Year Internship is a 6-8 month paid programme to support high-potential, recent graduates from our local senior schools,... Read more of this article
Summer Student Entrepreneur Programme
The 3rd annual BEDC Summer Student Entrepreneur Programme ended with an awards and graduation ceremony for the participating ten students on Friday, September 4th at the Hamilton Princess. A spokesperson said, “The 3rd Annual BEDC Summer Student Entrepreneur Programme ended with an awards and graduation ceremony for the participating ten students... Read more of this article
Bermuda Alfresco Dining Festival To Launch
The island’s first Alfresco Dining Festival will be launching tomorrow [Sept 17] with three-dozen local restaurants taking part. A BTA spokesperson said, “Bermuda’s safe and spectacular outdoor restaurant venues will be the focus of the island’s first Alfresco Dining Festival, launching tomorrow with three-dozen local restaurants and two... Read more of this article
Bermy Distributors Offers Buy Back Program
Bermy Distributors is offering a buy back program for its wholesale customers for ESKA Water and hellowater stock. A spokesperson said, “Bermy Distributors is implementing a buy back program with all our wholesale customers. This program guarantees a buy back to all of the ESKA Water stock at full [wholesale] price if it is not selling well. “With... Read more of this article
Legal & General Backs Major Global Initiative
Legal & General announced that it has formed part of a coalition of 22 leading businesses, charities, researchers and educators, including the Bill and Melinda Gates Foundation, Google and the University of Cambridge, to launch the Trinity Challenge. A spokesperson said, “Legal & General announces that it has today formed part of a coalition... Read more of this article
BSX To Resume Operations On Wednesday
The Bermuda Stock Exchange [BSX] announced that normal market operations will resume tomorrow [Sept 16]. A spokesperson said, “The Bermuda Stock Exchange announces that normal market operations will resume tomorrow, Wednesday the 16th of September 2020.” You can view our live updates on Hurricane Paulette here, and all our coverage of Hurricane... Read more of this article
