Hashtag: #BermudaBusiness
ISACA & IIA Annual Conference On Friday
The ISACA Bermuda and IIA Bermuda Chapters are jointly hosting the 2019 annual conference ‘Going Digital’ on Friday [Sept 27] at the Royal Hamilton Amateur Dinghy Club from 8.30am to 5.30pm. A spokesperson said, “The agenda will feature lively discussions about governance, risk and compliance, privacy, and cyber security. The keynote... Read more of this article
‘Cannabis Could Be A $2 – $3 Trillion Industry’
The “cannabis industry is the fastest-growing industry and job market in North America with products requiring substantial insurance.” That is the view of Mark Simons, the moderator of a panel at the forthcoming Bermuda Insurance Institute annual conference discussing the implications of cannabis on the reinsurance industry. “Cannabis... Read more of this article
Colonial Insurance Receives Over 175 Claims
Colonial Insurance has received more than 175 claims for damage caused by Hurricane Humberto. Juanita Coley, the firm’s claims manager, said: “We were accepting calls from 8.30am on Thursday, September 19, from clients whose property had been damaged. “Our office opened at noon, once the roads were deemed safe for public access. Shortly after,... Read more of this article
Monument Re Completes Acquisition Of Inora Life
Monument Re announced that it has, through its European subsidiary Laguna Life d.a.c, completed the acquisition of Inora Life DAC from Societe Generale following receipt of regulatory approval from the Central Bank of Ireland. Monument Re Limited is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority.... Read more of this article
Bermuda Stock Exchange Report: Sept 23 2019
September 23 saw 8,000 shares trade on the Bermuda Stock Exchange, valued at $30,800.00 BD. 8,000 shares were traded by One Communications Ltd, closing up 1.3% at $3.85 per share. The BSX finished at 2,085.06, up 0.03% on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Hamilton Port Open For Business On Tuesday
[Updated] CEO of Polaris Holding Company, Warren Jones alerted importers, staff and partners that Stevedoring Services and the Hamilton Ports would be open for business on Tuesday, September 24. He said, “Following review of the latest EMO release, please note that the port will be open tomorrow, September 24. A further update on the status of... Read more of this article
OBA & PLP On Government’s Economic Policies
“When will this Government recognize that its economic policies are not working and are only succeeding in adding significant extra pressures on businesses,” Shadow Finance Minister Nick Kempe said, while PLP MP Chris Famous said it is unfortunate that the OBA is using “the shrinking of a Bermudian business in a vain effort to score cheap... Read more of this article
Bank Of Butterfield Decreases Loan Rates
The Bank of Butterfield announced that, in step with the recent 25 basis point decrease in the US Federal Funds Rate, the Bank is decreasing its interest rates on personal loans and mortgages. “The base rate for Bermuda dollar residential mortgages and consumer loans will decrease by 0.25% to 5.25%,” a spokesperson said. “The rate... Read more of this article
Photos: D.E. Mortimer Showroom Grand Opening
Many of Bermuda’s leading professional cleaning firms purchase from D. E. Mortimer & Co Ltd. The company started in 1964 and is now celebrating 55 years in business. The company hosted the opening of their new retail showroom and offices on Harvey Road in Paget on Saturday [Sept 21]. The retail store is open Monday to Friday from 10.00am until... Read more of this article
RFP Issued Regarding Hamilton Cargo Docks
The City of Hamilton advises the public that a Request For Proposal has been issued regarding the operations of the Hamilton Cargo Docks. A spokesperson said, “The Port of Hamilton is a dynamic port facility. By supporting cargo ship calls it has become a key component in Bermuda’s chain. Given this importance to the City of Hamilton and the... Read more of this article
Chamber Of Commerce Presentation On Oct 1
The Bermuda Chamber of Commerce is getting set to offer a presentation to its members “on the impacts of advanced technology and innovation on business strategies” at the HSBC Harbourview Centre on Tuesday, October 1 from 5.30pm to 7.00pm. A spokesperson said, “The presentation will be lead by keynote speaker Mr. Thomas Ilube. Mr.... Read more of this article
Arnold’s Announces Closure Of Three Stores
Citing “many factors, along with increased operating costs,” Arnolds Markets has closed three locations — two in Somerset and Arnold’s Express on Front Street — with the company noting that there are no job losses as staff have been transferred to their other locations. A notice posted online, signed by Frank Arnold, said,... Read more of this article
