Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Jan 28 2020
January 28 saw 3,538 shares trade on the Bermuda Stock Exchange, valued at $86,231.00 BD. 1,726 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.7% at $33.75 per share, while another 500 shares were traded by Somers Limited, closing down 20.0% at $12.00 per share. 1,312 shares were traded by BF&M Ltd, closing down 10.4% at $18.36... Read more of this article
Column: Why I Never Use Airbnb’s Smart Pricing
[Column written by Ade Brown] One of the most common questions I get asked is whether or not to use Airbnb’s pricing tips. Don’t! This is a very common mistake that new hosts make, even myself. I fell victim to Airbnb’s pricing band. While using smart pricing was great in getting my calendar filled, it was horrible for my property’s revenue... Read more of this article
BLDC Selects Clearwater Beach Concessionaire
Bermuda Land Development Company has selected a concessionaire for Clearwater Beach, saying that JAS Ltd will become the tenant for the three buildings, including the bar/restaurant area, the beach services building and the beach cabana. A spokesperson said, “Bermuda Land Development Company Limited [BLDC] is pleased to announce the selection... Read more of this article
Princess Offer Australian Menu To Help Wildlife
Hamilton Princess & Beach Club is raising money for Australian charity, Sydney Wildlife, in the wake of the country’s devastating bushfires. Marcus’, the hotel’s flagship restaurant, will be offering a special, Australian-themed a la carte menu for lunch and dinner on Friday, January 31st, with proceeds set to assist orphaned native animals... Read more of this article
Clarien Bank Donates $15K To Meals On Wheels
A local charity providing nutritious meals to needy individuals on the Island has been given a much-needed hand up thanks to Clarien Bank. Through their 13th Annual Holiday GiveBack Campaign, Clarien was able to donate $15,000 to Meals on Wheels, a not-for-profit organisation that prepares freshly cooked meals for those unable to cook for themselves,... Read more of this article
Butterfield Announce Management Appointments
In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced management changes. The full filing stated: “The Bank of N.T. Butterfield & Son Limited today announced the appointment of Jane Pearce as its new Group Head of Trust [subject to regulatory approvals], replacing Bob Moore who is retiring after more than 22 years... Read more of this article
R&Q Acquires Vigneron Insurance Company
Randall & Quilter Investment Holdings Ltd. [R&Q] has acquired the Montana captive insurer, Vigneron Insurance Company Inc. [VICI] from a wholly owned private investment holding company. “VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities,” the company... Read more of this article
Officials To Meet In Bermuda To Discuss FinTech
Leading fin-tech experts and central bank officials from Africa, the Americas, Asia, and Europe will attend a meeting in Bermuda on January 29 and January 30 to discuss financial technology [FinTech]. According to TheCommonwealth.org website, “Central bank officials will meet in Bermuda next week to agree on a framework that can help build robust... Read more of this article
Canadian Tech Summit To Be Held In Bermuda
Appleby will be sponsoring and speaking at the Canadian Technology Summit in Bermuda, with the keynote event scheduled for Tuesday 28 January at the Hamilton Princess. “The aim of the Summit is to align technology initiatives between the governments and businesses in Bermuda and Canada,” a spokesperson said. “The Summit will showcase... Read more of this article
Gracie Point Closes $50 Million Capital Raise
Gracie Point Holdings, LLC announced that it closed a $50 million capital raise, led by Hudson Structured Capital Management Ltd. [conducting its re/insurance business as HSCM Bermuda]. “The strategic infusion of capital will be used to fund continued growth in the U.S. and Asian markets, the launch of Gracie Point’s Canadian operation,... Read more of this article
Bermuda Stock Exchange Report: Jan 27 2020
January 27 saw 3,924 shares trade on the Bermuda Stock Exchange, valued at $62,691.00 BD. 1,624 shares were traded by Bank of N.T. Butterfield Ltd, closing down 4.9% at $34.00 per share, while another 2,300 shares were traded by Devonshire Industries Ltd, closing down 1.5% at $3.25 per share. The BSX finished at 2,258.21, down 3.37% on the day. There... Read more of this article
Bermuda Chapter Of ‘Girls In Tech’ Launched
Girls in Tech [GIT] — an organization focused on the empowerment, entrepreneurship, engagement, and education of women in technology — launched its Bermuda chapter earlier this month at Connectech under the direction of Coral Wells. GIT is a global non-profit that seeks to eradicate gender disparities in high-tech industries and startups... Read more of this article
