Hashtag: #BermudaBusiness
Monument Re Completes Acquisition Of Nordben
Monument Re has completed the acquisition of Nordben Life and Pension Insurance Co. Limited [Nordben] from BenCo Insurance Holding B.V., following receipt of regulatory approval from the Guernsey Financial Services Commission [GFSC]. Manfred Maske, CEO of Monument Re Group, said: “The completion of this transaction positions the Monument Group well... Read more of this article
SAL Staff To Return To Work After Downing Tools
[Written by Don Burgess] Employees will return to work at SAL after they walked off this job yesterday. Wornell Steede, the Bermuda Industrial Union’s chief shop steward for the SAL employees, told Bernews the issue for the strike was resolved yesterday afternoon with management. The central issue resolved around three employees whose contracts... Read more of this article
BoB Foundation Promotes Vivien Carter
The Bank of Bermuda [BoB] Foundation has appointed Vivien Carter as Director of Programmes. A spokesperson said, “Vivien has worked as the Foundation’s Programme Consultant for the past two years, liaising with Bermuda’s non-profits on the grant-giving process and requirements under the Foundation’s new Theory of Change [ToC]. Introduced... Read more of this article
Shipping Schedule: Week Starting June 29
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 29th. On Saturday the Atlas Leader vehicles carrier and the Rollin Fritch Sentinel-class cutter are expected, on Sunday the Adventure of the Seas and the Norwegian Gem cruise ships and the Oleander container ship will... Read more of this article
Bermuda Stock Exchange Report: June 28 2019
June 28 saw 40,639 shares trade on the Bermuda Stock Exchange, valued at $228,249.15 BD. 33,000 shares were traded by Argus Group Holdings Ltd, closing down 2.3% at $2.99 per share, while the other 7,639 shares were traded by BF&M Ltd, closing down 0.9% at $17.00 per share. The BSX finished at 2,193.17, down 0.12% on the day. There were 0 advances,... Read more of this article
Dockyard Is The Destination On Monday
The second season of the popular Destination Dockyard is set to kick off on Monday [July 1] – with a great line-up of local entertainment and vendors. West End Development Corporation [WEDCO] has partnered with PinkSand Entertainment and the Bermuda Tourism Authority to run the event which will be held every Monday until August 26. “Each Monday... Read more of this article
PwC Summit Speakers & Agenda Announced
Chief executives of the world’s largest re/insurers and leading risk experts will gather in Bermuda on November 7, 2019 for the PwC Insurance Summit presented by the Financial Times. The Summit is the island’s annual meeting point for senior executives and professionals in the insurance and reinsurance industry, offering a high-level opportunity... Read more of this article
Video: BELCO’s Power Station Construction
The time lapse video shows an interesting look at the construction of BELCO’s North Power Station. A spokesperson said, “A time lapse video shows the progress being made constructing BELCO’s North Power Station, which will house replacement generators. The four new 14 megawatt engines have been delivered and installed and work continues to meet... Read more of this article
Bermuda Stock Exchange Report: June 27 2019
June 27 saw 44,184 shares trade on the Bermuda Stock Exchange, valued at $175,141.50 BD. 40,250 shares were traded by LOM Financial Limited, closing up 0.4% at $2.78 per share, while another 3,050 shares were traded by BF&M Ltd, closing up 0.9% at $17.15 per share. 600 shares were traded by Argus Group Holdings Ltd, closing up 2.0% at $3.06 per... Read more of this article
Summer BizCamps Set To Begin On July 8
The Youth Entrepreneurship Initiative [YEI], in conjunction with the Department of ICT Policy & Innovation, will hold BizCamps at Bermuda College for 36 aspiring young Bermudian entrepreneurs 13 to 17 years old beginning on July 8. A spokesperson said, “Two 7-day sessions run July 8th to 16th and July 18th to 26th, excluding weekends. Over... Read more of this article
Bermuda Stock Exchange Report: June 26 2019
June 26 saw 6,200 shares trade on the Bermuda Stock Exchange, valued at $25,802.00 BD. 6,000 shares were traded by One Communications Ltd, closing even $3.50 per share, while the other 200 shares were traded by Ascendant Group Limited, closing down 31.3% at $24.01 per share. The BSX finished at 2,272.02, down 4.44% on the day. There were 0 advances,... Read more of this article
Interns Brianna Mendes & Amon Wedderburn
Hamilton Re today announced their 2019 summer interns as Bermuda High School [BHS] alumna Brianna Mendes and Berkeley Institute alumnus Amon Wedderburn. These young people will spend eight to ten weeks learning about Hamilton Re’s various departments, including: catastrophe modelling, actuarial science, business intelligence, and direct and facultative... Read more of this article
