RSSCategory: Business

Bermuda Stock Exchange Report: July 27 2016

Bermuda Stock Exchange Report: July 27 2016

Today [July 27] saw 119 shares trade on the Bermuda Stock Exchange, valued at $2,750.00 BD. 100 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.6% at $1.65 per share, while the other 19 shares were traded by KeyTech Ltd, closing at an even $2.90 per share. The BSX finished at 1,207.37, down 0.37 on the day. There were 0 advances,... Read more of this article

Q&A: Bermudian Real Estate Pro Shawn Brown

Q&A: Bermudian Real Estate Pro Shawn Brown

Shawn Brown, a Bermudian real estate professional with nearly 10 years of experience in both the public and private sectors, has offered up his knowledge of the island’s real estate market and his experience in it as a Chartered Surveyor via a question and answer session.Mr. Brown obtained his BSc [Hons] from the University of Toronto and a... Read more of this article

RenaissanceRe Reports Net Income Of $136.3M

RenaissanceRe Reports Net Income Of $136.3M

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $136.3 million, or $3.22 per diluted common share, in the second quarter of 2016, compared to $73.2 million, or $1.59 per diluted common share, respectively, in the second quarter of 2015. Operating income available to RenaissanceRe common... Read more of this article

Everest Re: Strategic Alliance, Sale Of Heartland

Everest Re: Strategic Alliance, Sale Of Heartland

Bermuda-based Everest Re Group,Ltd. has signed a Letter of Intent [LOI] for the sale of its U.S. crop insurance company, Heartland Crop Insurance, Inc., to CGB Diversified Services, Inc. [CGB DS]. “Upon completion of the sale, Everest will enter into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance... Read more of this article

Hitch App Releases Upgrade With New Features

Hitch App Releases Upgrade With New Features

HITCH — a taxi booking app that puts passengers in direct contact with taxi operators — has released an upgraded version of the app, with new features now available for both the Apple and Android version.“Thank you for your continued support of Hitch, Bermuda’s first instant pre-arranged taxi app. We have been working tirelessly to upgrade... Read more of this article

Bermuda Stock Exchange Report: July 26 2016

Bermuda Stock Exchange Report: July 26 2016

Today [July 26] saw 200 shares trade on the Bermuda Stock Exchange, valued at $2,750.00 BD. All 200 shares were traded by Somers Limited, closing even at $13.75 per share. The BSX finished at 1,206.88, also even on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available  Read More →

Cheryl Hayward-Chew Named BHI Board Chair

Cheryl Hayward-Chew Named BHI Board Chair

Bermuda Hospitality Institute [BHI] announced that Cheryl Hayward-Chew will serve as their new Board Chair effective July 13, 2016. BHI’s previous Chair was Muriel Richardson, who served on the Board for five years and who after many years in the hospitality industry announced her retirement earlier this year. “Cheryl has served as a Board member... Read more of this article

Sun Life Financial Appoints Merrilyn Johnson

Sun Life Financial Appoints Merrilyn Johnson

Sun Life Financial International, the company’s Bermuda-based business serving global High Net Worth clients, has named Merrilyn Johnson to Head of International Life Distribution. In this new role, Ms Johnson will continue to be responsible for the expansion of Sun Life’s customer base, while taking on responsibility for developing the overall... Read more of this article

RUBiS Cup Match Holiday Opening Hours

RUBiS Cup Match Holiday Opening Hours

RUBiS Energy Bermuda has provided information on their opening hours for their various locations during the Annual Cup Match Holiday, and said they “would also like to wish all residents a safe and happy Cup Match and remind them that all stations will be open as normal Saturday July 30th.”Service Station Telephone Thursday, July 28,... Read more of this article

Everest Re Group’s 2016 Second Quarter Results

Everest Re Group’s 2016 Second Quarter Results

Bermuda-based Everest Re Group, Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the second quarter of 2015. After-tax operating income, excluding realized capital gains and losses, was $134.2 million, or $3.17 per diluted... Read more of this article

Column: How Should Bermuda Handle Brexit?

Column: How Should Bermuda Handle Brexit?

[Opinion column written by Gregory Francis] Being There for Brexit Bermuda’s Premier is in the dark about Brexit. So is the UK PM in many respects. But the challenge that Premier Dunkley faces, like all past heads of government, is how to stay informed so that events in London don’t take you by surprise. As Bermuda decides just what it wants from... Read more of this article

16 BFIS Summer Interns Make Presentations

16 BFIS Summer Interns Make Presentations

On Thursday, this summer’s 16 BFIS Interns made presentations to over 50 insurance professionals, former interns and BFIS scholars on what they had learned during their immersion in the insurance markets of Atlanta, Bermuda, Chicago and London. London interns included Rachel Soares [International Business/UWE] and Tatyana Butterfield [RM & Insurance/Temple]... Read more of this article

Bermuda Stock Exchange Report: July 25 2016

Bermuda Stock Exchange Report: July 25 2016

Today [July 25] saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $3,320.00 BD. All 2,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.66 per share. The BSX finished at 1,206.88, up 0.37% on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available  Read More →