Business http://www.royalgazette.com Business en-us Bermudians deal app to boost local economy Entrepreneur Chris Phillips believes he is the first Bermudian to launch a smartphone deal saver app on the island. It is called Dealio and it helps retailers promote their stores and showcase their latest deals. For consumers it allows them to stay in the loop for new promotions from their favourite shops and businesses. The. .. http://www.royalgazette.com/business/article/20170726/bermudians-deal-app-to-boost-local-economy&source=RSS Wed, 26 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170726/bermudians-deal-app-to-boost-local-economy&source=RSS Top players land hotels tennis concession Bermudian top tennis players Gavin Manders and Jovan Jordan-Whitter have struck up a winning doubles partnership at the Fairmont Southampton. Mr Manders, the islands most successful active player and head tennis pro at the Rosewood Tuckers Point hotel, and Davis Cup team member Mr Jordan-Whitter are part of Manders Tennis Management,. .. http://www.royalgazette.com/local-business/article/20170726/top-players-land-hotels-tennis-concession&source=RSS Wed, 26 Jul 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170726/top-players-land-hotels-tennis-concession&source=RSS Estera buys company in Luxembourg Global fiduciary and administrative services firm Estera has bought a Luxembourg-based corporate and trust services company. Estera, formerly part of law firm Appleby, has taken over Headstart S. .r. l, a major step in the firms plans to expand into the European duchy, one of the worlds most important jurisdictions for funds and. .. http://www.royalgazette.com/business/article/20170726/estera-buys-company-in-luxembourg&source=RSS Wed, 26 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170726/estera-buys-company-in-luxembourg&source=RSS Marsh and Guy Carpenter assist WindReach WindReach Bermuda has received a 5,000 donation from Marsh and Guy Carpenter. This donation will be used towards our four programme areas throughout the year, said Chrissie Kempe, executive director for WindReach. It is because of the generous support of companies like Marsh and Guy Carpenter that we are able to help. .. http://www.royalgazette.com/business/article/20170726/marsh-and-guy-carpenter-assist-windreach&source=RSS Wed, 26 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170726/marsh-and-guy-carpenter-assist-windreach&source=RSS Lindos expands warehouse space and car park Lindos Market in Devonshire is expanding its warehouse space and will also extend the top level customer car park so it is flush to the side of the supermarket building. The companys upper floor offices are also being relocated. All the changes are being made within the current boundaries of the store and its car park. It is. .. http://www.royalgazette.com/local-business/article/20170725/lindos-expands-warehouse-space-and-car-park&source=RSS Tue, 25 Jul 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170725/lindos-expands-warehouse-space-and-car-park&source=RSS Chubb profit soars 79 Chubb Limited has posted a second quarter profit of more than 1. 3 billion up more than 79 per cent on the same period last year. The figure is equivalent to 2. 77 per share, compared to the 1. 54 per share on profit of 726 million in the second quarter of 2016. Investment income, excluding a purchase accounting adjustment of 85. .. http://www.royalgazette.com/re-insurance/article/20170725/chubb-profit-soars-79&source=RSS Tue, 25 Jul 2017 19:34:00 EST http://www.royalgazette.com/re-insurance/article/20170725/chubb-profit-soars-79&source=RSS Profit up and board changes at Butterfield Bank of Butterfield made a profit of 36. 1 million during the second quarter of the year. That is 0. 2 million higher than the net income achieved for the first three months of the year. And in tandem with the release of its earnings results, the bank has announced that Michael Collins, chief executive officer, will now also serve. .. http://www.royalgazette.com/business/article/20170725/profit-up-and-board-changes-at-butterfield&source=RSS Tue, 25 Jul 2017 18:29:00 EST http://www.royalgazette.com/business/article/20170725/profit-up-and-board-changes-at-butterfield&source=RSS QIC half-year profit falls to 139m A diplomatic stand-off between Qatar and its neighbours is having minimal affect on the operations of the Qatar Insurance Company, the parent of Bermudian-based Qatar Re. However, the soft market conditions have taken a toll, with half-year profits falling to 139 million from 165 million during the same period in 2016. The group. .. http://www.royalgazette.com/re-insurance/article/20170725/qic-half-year-profit-falls-to-139m&source=RSS Tue, 25 Jul 2017 13:02:00 EST http://www.royalgazette.com/re-insurance/article/20170725/qic-half-year-profit-falls-to-139m&source=RSS BAS shares up 10 Bermuda Aviation Services rose 20 cents to 2. 20 on The Royal GazetteBSX Index. The increase, equal to 10 per cent, came after 12,400 shares traded. The Bank of Butterfield went up 15 cents, or 0. 4 per cent, to 34. 25 after 2,050 shares sold. The bank also went up on the New York Stock Exchange, gaining 37 cents, or 1. 08 per. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170725/bas-shares-up-10&source=RSS Tue, 25 Jul 2017 20:04:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170725/bas-shares-up-10&source=RSS XL Catlin cyber policy for Asia Pacific XL Catlin has launched its cyber and data-protection insurance policy in Asia Pacific. The company said it covers business interruption arising from a network compromise, associated extortion demands and first-party incident response costs such as notification of the compromise of the network, forensic investigations and public. .. http://www.royalgazette.com/re-insurance/article/20170725/xl-catlin-cyber-policy-for-asia-pacific&source=RSS Tue, 25 Jul 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170725/xl-catlin-cyber-policy-for-asia-pacific&source=RSS Hotel links with JetBlue for promotion Hamilton Princess amp Beach Club is partnering with JetBlue Airways to host JetBlue Nights. As part of the promotion there will be JetBlue travel certificate giveaways and a blue theme throughout the venue during four designated JetBlue Nights between now and September 8. Diarmaid OSullivan, director of marketing at the Hamilton. .. http://www.royalgazette.com/business/article/20170725/hotel-links-with-jetblue-for-promotion&source=RSS Tue, 25 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170725/hotel-links-with-jetblue-for-promotion&source=RSS Senior management departures at Digicel Top executives at telecoms firm Digicel are in line to leave the company as it pushes ahead with plans to centralise back room management in the Caribbean as part of its Digicel 2030 review. Insiders at other telecoms firms on the island said they had heard a management clear-out was in the offing. But Robin Seale, CEO of Digicel,. .. http://www.royalgazette.com/business/article/20170724/senior-management-departures-at-digicel&source=RSS Mon, 24 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170724/senior-management-departures-at-digicel&source=RSS West end waterpark launched A new water park has opened at the site of the old Nine Beaches resort. X20 Adventures opened last weekend at Daniels Head beach and features the islands first floating obstacle course. A spokeswoman for X20 said The convenient location allows a maximum of 100 guests to enjoy the expansive water park including slide,. .. http://www.royalgazette.com/business/article/20170724/west-end-waterpark-launched&source=RSS Mon, 24 Jul 2017 15:35:00 EST http://www.royalgazette.com/business/article/20170724/west-end-waterpark-launched&source=RSS Three LOM funds beat benchmarks Three funds run by asset management firm LOM outperformed benchmark figures in the second quarter of the year, the firm said today. The LOM equity growth fund delivered a net total return of 4. 16 per cent compared to the MSCI world Stock Index, which went up by 3. 38 per cent. while the Standard amp Poors Fixed Income Fund rose by. .. http://www.royalgazette.com/business/article/20170724/three-lom-funds-beat-benchmarks&source=RSS Mon, 24 Jul 2017 10:43:00 EST http://www.royalgazette.com/business/article/20170724/three-lom-funds-beat-benchmarks&source=RSS Black Enterprise CEO delivers inspiration Entrepreneurs picked up valuable insight about growing their businesses from international small-business expert, Earl Butch Graves, chief executive officer of Black Enterprise and board member of the Bermuda Tourism Authority. In a 30-minute talk, followed by 30 minutes of questions and answers, Mr Graves talked primarily about access to. .. http://www.royalgazette.com/business/article/20170724/black-enterprise-ceo-delivers-inspiration&source=RSS Mon, 24 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170724/black-enterprise-ceo-delivers-inspiration&source=RSS Butterfield shares rise in New York The Royal GazetteBSX index closed unchanged at 2,054. 81 after a day without trades. On the New York Stock Exchange, shares of the Bank of Butterfield improved by eight cents, or 0. 23 per cent, to 34. 41. The BSX Insurance Index was up 0. 53 points, or 0. 03 per cent, at 1,902. 9. http://www.royalgazette.com/bermuda-stock-exchange/article/20170724/butterfield-shares-rise-in-new-york&source=RSS Mon, 24 Jul 2017 18:01:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170724/butterfield-shares-rise-in-new-york&source=RSS Bennett awarded 5,000 scholarship Conyers Dill amp Pearman has granted its annual scholarship award of 5,000 to CedarBridge Academy student Israel Bennett. The award aims to recognise both academic and voluntary contributions made by graduating students at the high school. The law firm said Ms Bennet was a highly accomplished individual and a natural choice for. .. http://www.royalgazette.com/business/article/20170724/bennett-awarded-5000-scholarship&source=RSS Mon, 24 Jul 2017 12:49:00 EST http://www.royalgazette.com/business/article/20170724/bennett-awarded-5000-scholarship&source=RSS Natural disasters cost insurers 22bn Insurers face 22bn of payouts for natural disasters in the first half of this year, with 76 per cent of losses coming from US events. Aon Benfields catastrophe model development team, released its ltigtGlobal Catastrophe Recap First Half of 2017ltigt report, which evaluated the impact of the natural disaster events that. .. http://www.royalgazette.com/re-insurance/article/20170724/natural-disasters-cost-insurers-22bn&source=RSS Mon, 24 Jul 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170724/natural-disasters-cost-insurers-22bn&source=RSS ICT networking event for students A summer networking event for students keen on a career in information technology is to be held this week. The Technology Leadership Forum will host its annual IT Summer Networking Event at the Royal Bermuda Yacht Club. Students will learn about the TLF and its summer internship programme, designed to prepare students for a career. .. http://www.royalgazette.com/business/article/20170724/ict-networking-event-for-students&source=RSS Mon, 24 Jul 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170724/ict-networking-event-for-students&source=RSS 2.3m worth of shares traded Shares worth more than 2. 3 million traded on The Royal GazetteBSX Index last week. Somers Ltd improved by 50 cents, or 3. 8 per cent, to 13. 50 after 700 traded. Bank of Butterfield edged up 10 cents, or 0. 3 per cent, to 34. 10 after 61,717 shares were exchanged during the week. Bermuda Press Holdings Ltd, the parent of The. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170724/23m-worth-of-shares-traded&source=RSS Mon, 24 Jul 2017 08:00:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170724/23m-worth-of-shares-traded&source=RSS Smith awarded BFIS alumni scholarship Law student Precious Smith has been awarded a 10,000 scholarship from the Bermuda Foundation for Insurance Studies. The funds were raised by alumni of the BFIS during the annual alumni denim day. And many of the companies and organisations who employ BFIS alumni helped through staff donations and corporate matching. .. http://www.royalgazette.com/re-insurance/article/20170723/smith-awarded-bfis-alumni-scholarship&source=RSS Sun, 23 Jul 2017 18:04:00 EST http://www.royalgazette.com/re-insurance/article/20170723/smith-awarded-bfis-alumni-scholarship&source=RSS BEC congratulates new Government The Bermuda Employers Council has congratulated the Progressive Labour Party on its election win and said it looks forward to working with David Burt, the Premier, and his Cabinet. In a statement the BEC, representing Bermudas employers, said the implementation of the National Workforce Development Plan and National Skills Plan, the. .. http://www.royalgazette.com/business/article/20170723/bec-congratulates-new-government&source=RSS Sun, 23 Jul 2017 17:28:00 EST http://www.royalgazette.com/business/article/20170723/bec-congratulates-new-government&source=RSS Lifetime achievement award for Burns Michael Burns has been selected as the winner of the second Fred Reiss Lifetime Achievement Award. A leading Bermudian corporate lawyer, Mr Burns, is a former senior partner, executive board member and global group general counsel of Appleby, He now runs his own consultancy, advising clients on local and international business. .. http://www.royalgazette.com/re-insurance/article/20170723/lifetime-achievement-award-for-burns&source=RSS Sun, 23 Jul 2017 16:03:00 EST http://www.royalgazette.com/re-insurance/article/20170723/lifetime-achievement-award-for-burns&source=RSS Dont let them use the grandchild for money Dear Dave,My wife and I have been helping our adopted daughter financially for some time. Shes 25, has been married for three years, and we dont see this cycle stopping anytime soon. The worst part is, they will often throw in that our grandchild will go without something unless we help. Were certain this isnt teaching them to stand. .. http://www.royalgazette.com/personal-finance/article/20170722/dont-let-them-use-grandchild-for-money&source=RSS Sat, 22 Jul 2017 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20170722/dont-let-them-use-grandchild-for-money&source=RSS