Utilities fare better than financials
Royal Gazette

Utilities fared well while financial-services companies did not in Bermuda Stock Exchange trading last week. Ascendant Group, the owner of power company Belco, was the markets best performer, gaining 30 cents, or 4. 2 per...

UK tech firm lists 8m of debt on BSX
Royal Gazette

Jonathan Kent, Business EditorA UK-based developer of IT services has listed more than 8 million of debt securities on the Bermuda Stock Exchange. Scisys Plcs two tranches of sterling-denominated securities have a...

Oil Insurance posts 62m underwriting loss
Royal Gazette

Oil Insurance declared a 62 million underwriting loss for last year at its annual meeting last week. The company said, after including net investment income and administrative expenses, net income for the year totalled...

Aiming to make vacation home rentals easier
Royal Gazette

A luxury vacation home concierge service is making life easier for Bermuda homeowners and their guests. Crown Point Luxury Vacation Homes Concierge has grown in the past few years as more homeowners have opted to rent out...

Oil Insurance Declares $250M Dividend
Bernews

OIL held its 2017 Shareholder’s Annual General Meeting [AGM] on Wednesday, March 22nd at the Hamilton Princess Hotel. During the meeting, it conducted the review and approval of the 2016 annual financial statements...

Captive Insurance Experts Visit Chile & Peru
Bernews

Bermuda Business Development Agency [BDA] leads an industry delegation to Santiago, Chile and Lima, Peru this week to host executive forums on the value of Bermuda-based captive insurance. The regional outreach includes...

Delegation on South America captive mission
Royal Gazette

Bermuda Business Development Agency leads an industry delegation to Santiago, Chile and Lima, Peru next week to host executive forums on the value of Bermuda-based captive insurance. The regional outreach includes...

Hotel set to reopen in May
Antigua Observer

A refurbished hotel in the west of the island which closed its doors five and a half years ago during a seven-year recession that hit Bermuda is scheduled to reopen in May.

Two in five say theyll need 1 million to retire
Royal Gazette

Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for healthcare, five, 10, 50 years from now?If youve punted, you have company. Only 41 per cent of workers have...

Student debt is piling up
Royal Gazette

Dear Dave,One of my relatives just graduated from college with 20,000 in student loan debt. Her boyfriend graduated, too, and he has over 100,000 in student loan debt. They want to get married, so shes looking for a job....

Bermuda Stock Exchange Report: March 24 2017
Bernews

March 24 saw 22,023 shares trade on the Bermuda Stock Exchange, valued at $91,261.70 BD. 16,500 shares were traded by Argus Group Holdings Ltd,...

Bermuda Stock Exchange Report: March 24 2017
Bernews

March 24 saw 22,023 shares trade on the Bermuda Stock Exchange, valued at $91,261.70 BD. 16,500 shares were traded by Argus Group Holdings Ltd, closing even at $4.23 per share, while another 4,432 shares were...

Ascendant shares climb 4.2
Royal Gazette

Shares in utilities firm Ascendant Group today rose 30 cents to 7. 50 in Bermuda Stock Exchange trading. The 4. 2 per cent move higher came as 1,000 shares traded. Insurance company Argus dropped 7 cents, or 1. 6 per...

Lets think before we spoil our islands beauty
Royal Gazette

Dear Sir,I am aware that the Government is in the stages of planning some structural and entrepreneurial changes to John Smiths Bay in Smiths. This has certainly sent up red flags for me and I would like to address them....

MoonGate & MASA Set To Increase Benefits
Bernews

MoonGate Insurance Ltd and its trading partner Medical Air Services Association [MASA] both announced increased benefits to the Bermuda resident population. A spokesperson said, “MoonGate, which was established in...

Video: Local America’s Cup Themed Products
Bernews

This week’s ‘Minute with Mikaela’ highlights local businesses offering America’s Cup themed products, saying there are about a dozen local businesses that have permission to sell products with...

RIMS report spotlights cyber insurance
Royal Gazette

Organisations considering stand-alone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage. That is among the tips offered in a new RIMS...

Payroll system can automate tax changes
Royal Gazette

An online Bermuda payroll system that automates the new changes to the payroll tax structure introduced by the Bermuda Government has been launched. Bermudian company The Certus Group and CloudSuitePro are behind the new...

RQ snaps up Cummins captive
Royal Gazette

Bermudian-based Randall amp Quilter Investment Holdings has bought up a captive insurer from US engine manufacturer Cummins. Randall amp Quilter acquired ICDC, which was incorporated in Bermuda, but moved to Vermont two...

Schoolchildren visit Hamilton Re offices
Royal Gazette

Nineteen school pupils have visited reinsurance firm Hamilton Re in a bid by the firm to raise the profile of the industry. The pupils, from public and private schools across the island, spent the afternoon at Hamilton...

New business aims to help dementia sufferers
Royal Gazette

An expert in Alzheimers disease and dementia has set up a new business focused on helping people cope with the conditions. Krista Tatems Memory Lane offers services like companion care and consultation services for...

Willowbank Hotel set to reopen in May
Royal Gazette

Six years after it closed its doors, the Willowbank Hotel is to reopen in May. The 56-year-old hotel enjoys stunning ocean views in Sandys and is expected to be busy during the Americas Cup period and beyond. Glenn Jones,...

Bermuda Stock Exchange Report: March 23 2017
Bernews

March 23 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $6,600.00 BD. 2,200 shares were traded by Bermuda Aviation Services Ltd,...

Bermuda Stock Exchange Report: March 23 2017
Bernews

March 23 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $6,600.00 BD. 2,200 shares were traded by Bermuda Aviation Services Ltd, closing even at $3.00 per share. The BSX finished at 1,918.62, even on the...

Quiet day for BSX
Royal Gazette

The Royal GazetteBSX Index closed unchanged at 1,918. 62. Bermuda Aviation Services was also unchanged at 3 after 2,200 shares traded. On the New York Stock Exchange, the Bank of Butterfield lost six cents, or 0. 19 per...

PLP: ‘Programs Should Have Started Long Ago’
Bernews

With only two months until the America’s Cup, the PLP “encourages entrepreneurs to take advantage of this last minute program, if you can,” Shadow Tourism Minister Jamahl Simmons said, adding that...

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