Business http://www.royalgazette.com Business en-us MarketPlace acts to stop carts straying Problems caused by shopping carts being taken from MarketPlace stores on Victoria Street and Church Street, and then dumped elsewhere in the city, now have a solution. An electronic system has been put in place to lock up the wheels of any carts that are pushed outside the boundaries of the stores. It is designed to end the need for. .. http://www.royalgazette.com/local-business/article/20180116/marketplace-acts-to-stop-carts-straying&source=RSS Tue, 16 Jan 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180116/marketplace-acts-to-stop-carts-straying&source=RSS Students benefit from networking event University students home for the holiday break were given the opportunity to participate in a BFIS Speed Networking Lunch on at OHara House, courtesy of XL Catlin. Approximately 35 insurance professionals and over 40 college students enjoyed an hour of fast but extremely useful one-on-one interviews with numerous insurance professionals. http://www.royalgazette.com/re-insurance/article/20180116/students-benefit-from-networking-event&source=RSS Tue, 16 Jan 2018 19:25:00 EST http://www.royalgazette.com/re-insurance/article/20180116/students-benefit-from-networking-event&source=RSS Hotel investment conference to return Bermuda is to host this years Caribbean Hotel Investment Conference and Operations Summit after successfully staging the annual event last year. Parris Jordan, chairman of the Chicos, said The Bermuda Tourism Authority has been an exceptional partner for Chicos and we are honoured to return to the island nation in 2018. The. .. http://www.royalgazette.com/business/article/20180116/hotel-investment-conference-to-return&source=RSS Tue, 16 Jan 2018 16:36:00 EST http://www.royalgazette.com/business/article/20180116/hotel-investment-conference-to-return&source=RSS Bluewave partners with Mimosa Bluewave is to partner with US firm Mimosa Networks to bring its new wireless high-speed internet service to the island. Mimosas fixed wireless technology, claimed to deliver ultra-broadband speeds in hard-to-reach rural areas, is used in 150 countries, according to the company. In a statement today, Bluewave said its new service. .. http://www.royalgazette.com/business/article/20180116/bluewave-partners-with-mimosa&source=RSS Tue, 16 Jan 2018 10:45:00 EST http://www.royalgazette.com/business/article/20180116/bluewave-partners-with-mimosa&source=RSS Mobile video-game truck proving popular Its a truck load of fun, and it is proving to be popular across the island for childrens birthday parties, treats, and corporate and community events. The GameEFX game truck has a limousine-style interior fitted with video-gaming units, five flatscreen high-definition TVs, surround sound, laser lighting and bench seating. It also has. .. http://www.royalgazette.com/local-business/article/20180116/mobile-video-game-truck-proving-popular&source=RSS Tue, 16 Jan 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180116/mobile-video-game-truck-proving-popular&source=RSS Bank shares improve Shares of HSBC Holdings rose by 30 cents, or 2. 87 per cent, to 10. 75 after 3,286 traded on The Royal GazetteBSX Index. Meanwhile, on the New York Stock Exchange, shares of Butterfield Bank rose two cents, or 0. 05 per cent, to 40. 25. The Royal GazetteBSX Index was unchanged 2,313. 29. The BSX Insurance Index was up 4. 21. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180116/bank-shares-improve&source=RSS Tue, 16 Jan 2018 18:13:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180116/bank-shares-improve&source=RSS Outlet for Bermudian-made products Supporting small Bermudian businesses has been the goal for two local women since starting their own boutique. Owners Jan Quinn and Andrea Moniz launched Hand Made Bermuda, which operates within the Clock Tower Mall, Dockyard, four years ago. We started small by selling items we make ourselves I make jewellery and Andrea makes. .. http://www.royalgazette.com/local-business/article/20180115/outlet-for-bermudian-made-products&source=RSS Mon, 15 Jan 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180115/outlet-for-bermudian-made-products&source=RSS Abir veteran Madeiros to join XL Leila Madeiros is to join XL Group as head of compliance and regulatory affairs, Bermuda. A veteran of the industry umbrella organisation the Association of Bermuda Insurers and Reinsurers, Ms Madeiros will join the global insurer and reinsurer in April. Ms Madeiros, a Bermudian, has worked with Abir for 12 years and is its deputy. .. http://www.royalgazette.com/re-insurance/article/20180115/abir-veteran-madeiros-to-join-xl&source=RSS Mon, 15 Jan 2018 12:48:00 EST http://www.royalgazette.com/re-insurance/article/20180115/abir-veteran-madeiros-to-join-xl&source=RSS Ascendant shares hit new 52-week high Shares of Ascendant Group rose 5. 3 per cent in Bermuda Stock Exchange trading to close at a new 52-week high. The owner of power utility Belco closed at 10, up 50 cents on the day, as 23,800 shares changed hands. Ascendant was the only stock to trade and The Royal GazetteBSX Index rose 4. 82 points, or 0. 21 per cent, to close on. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180115/ascendant-shares-hit-new-52-week-high&source=RSS Mon, 15 Jan 2018 17:25:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180115/ascendant-shares-hit-new-52-week-high&source=RSS Clarien adjusts lending and savings rates Clarien Bank is increasing its Bermuda dollar base lending rate by 25 basis points. For personal mortgages this will mean an increase from 4 per cent to 4. 25 per cent, while commercial mortgages will rise from 4. 25 per cent to 4. 5 per cent. The bank is also increasing its deposit and savings rates. The Bermuda and US dollar board. .. http://www.royalgazette.com/business/article/20180115/clarien-adjusts-lending-and-savings-rates&source=RSS Mon, 15 Jan 2018 11:30:00 EST http://www.royalgazette.com/business/article/20180115/clarien-adjusts-lending-and-savings-rates&source=RSS Designer Balloons launches new website Designer Balloons Studio, a business specialising in balloon decor and other party supplies, has launched an interactive new website. The site, www. designerballoonstudio. com, which officially launched last week, allows people to purchase an array of balloons and creative balloon displays including bouquets, centrepieces, arches and table. .. http://www.royalgazette.com/local-business/article/20180115/designer-balloons-launches-new-website&source=RSS Mon, 15 Jan 2018 12:57:00 EST http://www.royalgazette.com/local-business/article/20180115/designer-balloons-launches-new-website&source=RSS RQ sells part of its business for 27.6m Randall amp Quilter Investment Holdings Ltd has sold its insurance services and captive management operations to UK-based Davies Group in a deal worth 20 million 27. 6 million. RampQ, whose head office is in the FB Perry Building on Church Street, said the sale would include Randall amp Quilter Bermuda Holdings Ltd and its Quest. .. http://www.royalgazette.com/re-insurance/article/20180115/randq-sells-part-of-its-business-for-276m&source=RSS Mon, 15 Jan 2018 12:26:00 EST http://www.royalgazette.com/re-insurance/article/20180115/randq-sells-part-of-its-business-for-276m&source=RSS WiRe to host boardroom diversity panel Women in Reinsurance WiRe, the professional organisation for women working in the reinsurance sector, plans to host a panel on the topic of diversity in the boardroom. The Breaking Board panel will include Rochelle Simons, chairwoman, Institute of Directors Bermuda Branch, Fiona Luck, retired chief of staff at XL Catlin, and NED of. .. http://www.royalgazette.com/business/article/20180115/wire-to-host-boardroom-diversity-panel&source=RSS Mon, 15 Jan 2018 11:27:00 EST http://www.royalgazette.com/business/article/20180115/wire-to-host-boardroom-diversity-panel&source=RSS What will change under the new US tax law The US Congress passed the 2017 Tax Cuts and Jobs Act on December 20, 2017 and it has since been signed into law by President Donald Trump. Under the Act, the largest decrease in tax would potentially go to high-income married couples filing jointly. The top tax rate drops from 39. 6 per cent to 37 per cent, providing a significant. .. http://www.royalgazette.com/business/article/20180115/what-will-change-under-new-us-tax-law&source=RSS Mon, 15 Jan 2018 08:00:00 EST http://www.royalgazette.com/business/article/20180115/what-will-change-under-new-us-tax-law&source=RSS Is renting property to family a bad idea? Dear Dave,I have cousins who are looking to rent for a while, and I have an unoccupied rental house. Do you think renting to family is a bad idea?ltbgt KatherineltbgtDear Katherine,Renting to family can work out just fine, as long as there are clearly understood rules and boundaries in place ahead of. .. http://www.royalgazette.com/personal-finance/article/20180113/is-renting-property-to-family-bad-idea&source=RSS Sat, 13 Jan 2018 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20180113/is-renting-property-to-family-bad-idea&source=RSS Are stocks expensive? That depends... How cheap or expensive are stocks? This is one of the more interesting investing debates, and a very confusing question for institutions and individuals alike. It often leads to fear, paralysis or bad decision-making, or some combination of the three. I was reminded of this recently courtesy of a ltigtWall Street Journalltigt. .. http://www.royalgazette.com/personal-finance/article/20180113/are-stocks-expensive-that-depends&source=RSS Sat, 13 Jan 2018 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20180113/are-stocks-expensive-that-depends&source=RSS Stand-alone home prices fare better than condos Demand for stand-alone houses is strong, but pricing for condominiums slipped last year as growing inventory gave buyers plenty of choice. Coldwell Banker Bermuda Realty market updates described the overall market as relatively buoyant in the latter stages of last year. However, it added that the commercial real estate market is. .. http://www.royalgazette.com/local-business/article/20180112/stand-alone-home-prices-fare-better-than-condos&source=RSS Fri, 12 Jan 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180112/stand-alone-home-prices-fare-better-than-condos&source=RSS Sports site sets up crypto token on island A peer-to-peer social sports and gaming website has chosen Bermuda as the jurisdiction to set up its new blockchain-based token, iCash. Purchasers of the token, which will be launched soon, will be able to access the website FaceOff, which plans to allow its users to challenge others to head-to-head matchups based on the outcomes of. .. http://www.royalgazette.com/international-business/article/20180112/sports-site-sets-up-crypto-token-on-island&source=RSS Fri, 12 Jan 2018 14:25:00 EST http://www.royalgazette.com/international-business/article/20180112/sports-site-sets-up-crypto-token-on-island&source=RSS Mall to get 3.6m air-conditioning upgrade Individual tenants will be able to control the temperature of their shops and offices once work on a multi-million-dollar replacement of an ageing air-conditioning system at Washington Mall is complete. Owners Washington Properties Ltd is investing 3. 6 million in the upgrade, which is part of an 8 million revamp of the entire. .. http://www.royalgazette.com/local-business/article/20180112/mall-to-get-36m-air-conditioning-upgrade&source=RSS Fri, 12 Jan 2018 12:22:00 EST http://www.royalgazette.com/local-business/article/20180112/mall-to-get-36m-air-conditioning-upgrade&source=RSS Butterfield shares surge 5.3 Butterfield Bank shares surged more than 5 per cent in Bermuda Stock Exchange trading today to lift the local stock market. The bank gained 2, or 5. 3 per cent, to close on a new 52-week high of 40, as 3,400 shares changed hands. Butterfields rise on the BSX allowed it to almost catch up with its New York Stock Exchange-listed. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180112/butterfield-shares-surge-53&source=RSS Fri, 12 Jan 2018 17:32:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180112/butterfield-shares-surge-53&source=RSS Fiander Foto celebrates WeddingWire award Fiander Foto is celebrating after achieving its first WeddingWire Couples Choice Award. Melanie Fiander, photographer and owner, specialises in weddings and family portraits. She has been based in Bermuda since getting married in 2013. While a lot of her photography is done in Bermuda, she also travels to do assignments overseas,. .. http://www.royalgazette.com/local-business/article/20180112/fiander-foto-celebrates-weddingwire-award&source=RSS Fri, 12 Jan 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180112/fiander-foto-celebrates-weddingwire-award&source=RSS Aon Benfield ILS has come of age A rush of new capital into the reinsurance sector after the third worst catastrophe loss year in history could have long-term consequences for the structure of the reinsurance market. That is the view of reinsurance broker Aon Benfield, which said approximately 128 billion in insured losses had been absorbed without compromising the. .. http://www.royalgazette.com/re-insurance/article/20180112/aon-benfield-ils-has-come-of-age&source=RSS Fri, 12 Jan 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180112/aon-benfield-ils-has-come-of-age&source=RSS Archs Iordanou honoured by St Johns Constantine Dinos Iordanou has been named Insurance Leader of the Year by St Johns Universitys School of Risk Management. The chairman and chief executive officer of Bermudian-based insurer and reinsurer Arch Capital Group, will receive the honour on Wednesday of next week during an awards dinner at the Marriott Marquis in New. .. http://www.royalgazette.com/re-insurance/article/20180112/archs-iordanou-honoured-by-st-johns&source=RSS Fri, 12 Jan 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180112/archs-iordanou-honoured-by-st-johns&source=RSS Guy Carpenter highlights hurricane factors There were a number of key meteorological factors that contributed to last year being one of the most active and damaging North Atlantic hurricane seasons in history. Hurricanes Harvey and Irma accounted for a significant portion of the 306 billion of economic losses sustained by the US in 2017 as a result of natural catastrophes, which. .. http://www.royalgazette.com/re-insurance/article/20180112/guy-carpenter-highlights-hurricane-factors&source=RSS Fri, 12 Jan 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180112/guy-carpenter-highlights-hurricane-factors&source=RSS