Hashtag: #BermudaBusiness
Clarien Bank Donates $5,000 To Flora Duffy Fund
Clarien Bank has made a $5,000 donation to The Flora Fund established by Bermuda’s world champion triathlete Flora Duffy to help aspiring and talented local athletes reach their goals. The donation was presented by Michael DeCouto, Clarien’s Chief Digital & Marketing Officer, to her father Charlie Duffy during the awards ceremony at Saturday’s... Read more of this article
RISA Honours Kawaley, Hellman, Lowe & Mayor
The Restructuring and Insolvency Professionals Association [RISA] held an event in the Trudeau Ballroom at the Hamilton Princess on June 12th, with the event attended by more than fifty prominent members of the legal, accounting and business professional community who are members of RISA Bermuda. The event was held to honour the retirement of four individuals... Read more of this article
Youth Movement: Entrepreneur Chelsea Warren
[First in the Generation Next Youth Movement series] ‘We grow up in a world where there is constant competition. The mass media is teaching young people that they have to be a certain way, but I want people to know that they can be themselves. Dream big, never limit yourself.’ – Chelsea Warren, CEO, Uptimum Body LLC There can be no doubt that... Read more of this article
New T-Shirts Aim To Invoke Pride, Show Culture
#Itsabermudathing has launched their new Bermuda T-shirt line, with the creator saying the designs “are meant to invoke pride in de rock” and “capture our culture through abstract designs which can only be deciphered by those that truly know and have really experienced Bermuda.” A spokesperson said, “Summer time is here... Read more of this article
Statistics Bulletin: Imports, Employment, Visitors
According to the 2017 Q4 Quarterly Bulletin of Statistics, year-over-year imports declined 5.3%, employment income increased 2.0%, and the Island hosted 55,152 air visitors during the fourth quarter of 2017, an increase of 11.2% when compared to the same period of 2016. Imports The report said, “Year-over-year imports declined 5.3 per cent to $236.7... Read more of this article
A.M. Best Affirms Credit Ratings Of Wilton Re
A.M. Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of Wilton Reinsurance Bermuda Limited [Bermuda] and its subsidiaries. A.M. Best also has affirmed the Long-Term ICRs of “a-” of Wilton Re Ltd [Nova Scotia, Canada] and Wilton Re Finance, LLC [Wilton Re... Read more of this article
Usain Bolt ‘Excited’ To Meet Local Athletes
Superstar sprinter Usain Bolt will be visiting the island this Tuesday [June 26], where he is set to meet with local athletes in the morning, and then sign autographs and pose for photos with customers at the Digicel store on Church Street between 12.45 and 1.45pm. The world’s fastest man is returning to the place where lighting first stuck when... Read more of this article
BDA Plan More Overseas Multi-Industry Forums
The Bermuda Business Development Agency [BDA] is planning more overseas multi-industry executive forums to showcase the island’s world-class talent and myriad business opportunities. On the heels of its successful cross-sector event in New York last month, featuring AIG President and CEO Brian Duperreault as keynote speaker, the BDA is producing two... Read more of this article
Consumer Price Index: Inflation Increased 0.2%
Consumers paid 2.0% more in April 2018 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 increased 0.2 percentage points from the 1.8% measured in March 2018. This is according to the latest Consumer Price Index, which said, “Between March 2018 and April 2018, the... Read more of this article
Shipping Schedule: Week Starting June 23
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 23rd. On Saturday the Carnival Horizon and the Grandeur of the Seas cruise ships are expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Anthem of the Seas... Read more of this article
XL Catlin Adds Aviation Insurance In Mexico
XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. Pablo Crain, Country Manager, XL Catlin, Mexico said: “As a leading market for specialty insurance we are relentlessly focused on strengthening our capabilities and product offering. XL... Read more of this article
Bermuda Stock Exchange Report: June 22 2018
June 22 saw 10,400 shares trade on the Bermuda Stock Exchange, valued at $ 494,000.00 BD. 10,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $47.50 per share. The BSX finished at 2,723.21, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF], and the... Read more of this article
