Hashtag: #BermudaBusiness
RUBiS Cup Match Holiday Opening Hours
RUBiS Energy Bermuda have informed the public of the opening hours for their various locations [East to West] during the Annual Cup Match Holiday: RUBiS Dowling’s Marine & Auto, Penno’s Drive, St. George’s Both Days: 7AM – 5PM / Tel: 297-1914 RUBiS Causeway Service, Blue Hole Hill, Hamilton Parish Both Days: 8AM – 4PM / Tel: 293-0621 RUBiS... Read more of this article
NY Times Highlights Bermuda’s Crypto Efforts
“The race is on to become the go-to destination for cryptocurrency companies that are looking for shelter from regulatory uncertainty in the United States and Asia” and “Bermuda has been a leading player,” according to a story in the New York Times. The story — entitled “Have a Cryptocurrency Company? Bermuda, Malta... Read more of this article
AXIS Accelerating Digital Technologies Efforts
AXIS Capital Holdings announced the launch of AXIS Digital Ventures, a new unit they said “will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value [re]insurance applications, new product opportunities including emerging risks, and new distribution and [re]insurance business models.” “AXIS... Read more of this article
Everest Re Report Q2 Net Income Of $69.9M
Bermuda-based Everest Re Group, Ltd. reported second quarter 2018 net income of $69.9 million, or $1.70 per diluted common share, compared to net income of $245.7 million, or $5.95 per diluted common share for the second quarter of 2017. After-tax operating income was $40.4 million, or $0.98 per diluted common share, for the second quarter of 2018,... Read more of this article
Bermuda Stock Exchange Report: July 30 2018
July 30 saw 18,500 shares trade on the Bermuda Stock Exchange, valued at $915,750.00 BD. 18,500 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.0% at $49.50 per share. The BSX finished at 2,816.35, down 0.79% on the day. There were 0 advances, 1 decline, and 58 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Will Your Business Be Open During Cup Match?
With the Cup Match holiday set to take place on Thursday and Friday, many businesses will be closed, leaving potential customers unsure as to what’s open and what’s not over the two days, so Bernews plans to compile a list of companies that will be open and would appreciate assistance with gathering the information. If you have a business that will... Read more of this article
OBA: ‘Becoming A Tax & Spend Government’
“A new tax passed by Government is backdated to April 1 and will leave people facing a potentially huge bill,” the One Bermuda Alliance said, adding that this is “fast becoming a tax and spend Government.” Senator Justin Mathias, the Chair of the OBA, said that Government passed the Payroll Tax Amendment Act which “allows... Read more of this article
A.M. Best Affirms Credit Ratings Of Fidelis
A.M. Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” of Fidelis Insurance Bermuda Limited [Bermuda] and Fidelis Underwriting Limited [Fidelis UK] [United Kingdom]. A.M. Best also has affirmed the Long-Term ICR of “bbb-” of Fidelis Insurance Holdings Limited [Bermuda],... Read more of this article
House Passes Bill: New Bank Class For Fintech
The House of Assembly passed a Bill to create a new class of bank to serve Bermuda-based Fintech companies. After the Bill passed last night, Premier David Burt tweeted, “House of Assembly passes bill to create new class of bank to serve Bermuda based Fintech companies. Now moves to Senate for ratification.” In tabling the Bill last month,... Read more of this article
List Of Fintech Companies Incorporated In Island
Premier David Burt provided a list of all the names of Fintech companies which have been incorporated in Bermuda, with the list being provided in response to a Parliamentary Question in the House of Assembly. The question, from Opposition Leader Jeanne Atherden said, “Would the Honourable Minister please provide this Honourable House with the... Read more of this article
Conyers Open House For Law Students
Conyers Dill & Pearman is inviting all law students to an Open House on 8 August to network with lawyers and to learn more about the firm and the legal profession in Bermuda. The event will take place on Wednesday, 8 August from 5:30pm to 7:30pm at Conyers’ Richmond House office on Par-la-Ville Road. Students are asked to RSVP by 1 August to careers@conyersdill.com. “Our... Read more of this article
Shipping Schedule: Week Starting July 28
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday July 28th. On Saturday the Anthem of the Seas cruise ship is expected, and on Sunday the Eco Dominator LPG tanker and the Norwegian Dawn cruise ship will arrive. On Monday the Oleander container ship and the Grandeur of... Read more of this article
