RSSCategory: Business

‘Cybersecurity Is Critical To Future Prosperity’

‘Cybersecurity Is Critical To Future Prosperity’

“Cybersecurity is critical to our future prosperity and security” as the “evolution of technology has fundamentally changed our security landscape, Minister of National Security Wayne Caines said today. Speaking during the opening of the Cybersecurity Framework Workshop at BUEI, Minister Caines said, “On behalf of the Government... Read more of this article

Over 250 People Attend BILTIR Conference

Over 250 People Attend BILTIR Conference

Over 250 life and annuity professionals from all over the world descended on Bermuda for the fourth-annual Bermuda International Life and Annuity Conference, hosted by the Bermuda International Long Term Insurers and Reinsurers [BILTIR]. The event was held at The Fairmont Southampton and began with a reception at the Royal Bermuda Yacht Club, which... Read more of this article

White Mountains Final Results Of Tender Offer

White Mountains Final Results Of Tender Offer

White Mountains Insurance Group announced the final results of its “modified Dutch auction” tender offer, which expired at 12:00 midnight, New York City time, at the end of the day on September 14, 2017. “Based on the final count by the depositary for the tender offer, 718,971 shares were properly tendered and not properly withdrawn... Read more of this article

Blue Capital Declares $0.30 Quarterly Dividend

Blue Capital Declares $0.30 Quarterly Dividend

Bermuda-based Blue Capital Reinsurance Holdings Ltd. has declared a quarterly dividend of $0.30 per common share, which is payable on or before October 13, 2017 to holders of record as of September 29, 2017. In addition, Blue Capital expects to release its third quarter 2017 results after the market close on October 30, 2017. Related StoriesBlue... Read more of this article

Conyers Band 1 Ranking For Offshore Trusts

Conyers Band 1 Ranking For Offshore Trusts

Conyers Dill & Pearman’s Bermuda and Cayman Islands Private Client & Trust practices have retained Band 1 ranking in Chambers & Partners’ High Net Worth Guide. Conyers remains the only offshore firm ranked Band 1 in both regions. Recommended Lawyers Band 1Alec Anderson, Director & Global Head of Private Client & Trust Narinder... Read more of this article

Bermuda Stock Exchange Report: Sept 19 2017

Bermuda Stock Exchange Report: Sept 19 2017

September 19 saw 4,900 shares trade on the Bermuda Stock Exchange, valued at $169,850.00 BD. 4,900 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.2% at $35.00 per share. The BSX finished at 2,089.47, up 1.64% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

BSX New Listing Sponsor: Centaur Fund

BSX New Listing Sponsor: Centaur Fund

The Bermuda Stock Exchange announced that Centaur Fund Services [Bermuda] Limited has joined the BSX as a Listing Sponsor, effective September 19, 2017. Greg Wojciechowski, BSX President & CEO stated, “We are delighted to welcome Centaur Fund Services [Bermuda] Limited as the newest Listing Sponsor of the BSX. “Centaur is a growing organization... Read more of this article

Airport Project: Elevator Contract Awarded

Airport Project: Elevator Contract Awarded

Aecon Group Inc. announced today [Sept 19] that a “major contract” has been awarded to Bermuda Elevator Systems Ltd. “Bermuda Elevator will be responsible for installation of the elevators and escalators in the new airport terminal building. The company, founded in 1979, is Bermuda’s largest installer and service provider for escalators... Read more of this article

Premier Burt Tables Compliance Legislation

Premier Burt Tables Compliance Legislation

David Burt Premier and Minister of Finance tabled in the House of Assembly, last Friday, the Real Estate Brokers’ Licensing Act 2017 and The Corporate Service Provider Business Amendment Act 2017. “The purpose of the Real Estate Brokers’ Licensing Bill 2017 is to modernize the operation and supervision of the real estate industry according... Read more of this article

XL To Move XLICSE From UK To Ireland

XL To Move XLICSE From UK To Ireland

XL Group announced its plans to move its principal European Union [EU] insurance company, XL Insurance Company SE [XLICSE], from the UK to Ireland in 2018, with the company saying the move is “in response to Brexit.” The announcement comes following a meeting between An Taoiseach, Leo Varadkar and XL Group’s Chief Executive Officer, Mike... Read more of this article

Hiscox Estimate $150M Claims From Hurricane

Hiscox Estimate $150M Claims From Hurricane

Hiscox Ltd has undertaken a first estimate of the impact of Hurricane Harvey, saying they estimate net claims of approximately $150 million. “Based on an insured market loss of US$25 billion [excluding the government backed National Flood Insurance Program], Hiscox estimates net claims of approximately US$150 million. This is within the Group’s... Read more of this article

Gift Shop Celebrates Three Years In Acute Wing

Gift Shop Celebrates Three Years In Acute Wing

For the last ten years, Mi DeSilva has been volunteering her time with local charity Hospitals Auxiliary of Bermuda, and she has been the Chairperson of the Gift Shop since 2013. Her mission? To give back to the community and help visitors and patients at King Edward VII Memorial Hospital feel as comfortable as possible. This past Friday [Sept 15] marked... Read more of this article

One Communications Release Unaudited Results

One Communications Release Unaudited Results

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd, reported unaudited results for the six months ended June 30, 2017. The filing stated: Financial Highlights for the six months ended June 30, 2017:Revenues: $63.4 million, $50.3 million in Bermuda and $13.1 million in Cayman Operating income: $7.9 million Earnings per share:... Read more of this article