Hashtag: #BermudaBusiness
Bull’s Head Car Wash To Close On Feb 29
The Bull’s Head Car Wash will close on Saturday, February 29, as “the business has been sold and the buyers have a new vision for the property, which will no longer be a car wash.” A spokesperson said, “The Riviere Family thanks its customers for 15 years of business with a huge car wash discount! “On February 29th, Bull’s... Read more of this article
“Netpreneur Is The Nextpreneur” Seminar Held
The Bermuda Economic Development Corporation [BEDC] hosted a seminar dubbed “The Netpreneur is the Nextpreneur” on January 15, with the session exploring “how and why tech-savvy entrepreneurs are taking over the small business landscape.” A spokesperson said, “The seminar was moderated by Jamillah Lodge, Director of Communication... Read more of this article
Consumer Price Index: Inflation Decreased 0.1%
Consumers paid 0.7% more in October 2019 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation declined 0.1 percentage point from September 2019. Minister for the Cabinet Office Wayne Furbert said, “In October 2019 consumers paid 0.7 per cent more for the CPI basket of goods... Read more of this article
Everest & Dovetail New Workers’ Compensation
Everest Insurance is pleased to announce that it has engaged with Dovetail, a Victor company, to offer its workers’ compensation product through this online platform. Dovetail’s online platform enables agents and brokers to quickly acquire policies for their small commercial clients. The program is currently available in Illinois, and is expected... Read more of this article
Shipping Schedule: Week Starting February 1
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday February 1st. On Monday the Oleander container ship is expected, on Wednesday the Baltic Highway vehicles carrier and the HMS Medway offshore patrol vessel will arrive, and on Thursday the Bermuda Islander container ship... Read more of this article
Kraft Cares Campaign Raises $4,373 For BZS
KraftHeinz and Butterfield & Vallis completed the third quarter of their Kraft Cares Campaign at the end of October, resulting in a cheque for $4,373 being presented to the Bermuda Zoological Society. For a limited time, with the purchase of any Kraft Cheese product at stores throughout Bermuda, a percentage of sales was accrued to be donated to... Read more of this article
Everest Announces Lawyers’ Liability Program
Everest Insurance announced it has joined with Embroker to provide a new online Lawyers’ Professional Liability program for law firms with up to ten employed attorneys. “Through Embroker’s state of the art digitized platform, Everest’s Lawyers’ Professional Liability policy offers several value added coverage enhancements. The coverage... Read more of this article
Appleby Named “Law Firm Of The Year”
Law firm Appleby was named as ‘Law Firm of the Year – Litigation’ at the Citywealth IFC Awards in London this week. The Citywealth IFC awards aim to highlight the excellence of advisers and managers in the private wealth sector in major international financial centres. Entrants are judged by an international panel of highly respected practitioners... Read more of this article
Essent Closes $495.9M Reinsurance Transactions
Essent Group Ltd. announced today that its wholly owned subsidiary, Essent Guaranty, Inc., has obtained $495.9 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written by Essent in January through August 2019 from Radnor Re 2020-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2020-1... Read more of this article
Bermuda Stock Exchange Report: Jan 31 2020
January 31 saw 96,053 shares trade on the Bermuda Stock Exchange, valued at $445,855.50 BD. 3,988 shares were traded by Ascendant Group Limited, closing even at $31.00 per share, while another 92,065 shares were traded by One Communications Ltd, closing up 14.8% at $3.50 per share. The BSX finished at 2,216.84, up 0.76% on the day. There were 2 advances,... Read more of this article
Blue Capital Reports Q4 2019 Financial Position
Blue Capital Reinsurance Holdings Ltd. a Bermuda holding company, reported its financial position for the fourth quarter of 2019. “The Company, through its operating subsidiaries, previously offered collateralized reinsurance in the property catastrophe market and invested in various insurance-linked securities. The Company is currently winding... Read more of this article
St. George’s Club To Close Effective Today
[Updated] The St. George’s Club will close effective today [Jan 31], with the Club thanking their “very loyal staff for their efforts over the years.” “After more than 25 years of operation, struggling as a ‘timeshare’ with changing legislation, the closure of the St. Georges golf course, increased costs, recession and members... Read more of this article
