RSSCategory: Business

Fitch Affirms ACE Ltd’s Ratings, Outlook Stable

Fitch Affirms ACE Ltd’s Ratings, Outlook Stable

Fitch Ratings has affirmed the ratings of ACE Limited and its subsidiaries [ACE]. The Rating Outlook is Stable. The ratings agency said, “The ratings affirmation reflects ACE’s continued strong operating performance despite competitive market conditions, strong balance sheet position and financial flexibility with moderate leverage, and... Read more of this article

A.M. Best Assigns Ratings To Ally International

A.M. Best Assigns Ratings To Ally International

Rating company A.M. Best has assigned a financial strength rating of B++ [Good] and an issuer credit rating of “bbb+” to Ally International Insurance Company Ltd. [Ally IICL], which is ultimately owned by Ally Financial, Inc. [Ally Financial]. The outlook assigned to both ratings is stable. Ally IICL is domiciled in Hamilton, Bermuda. A... Read more of this article

Bermuda Stock Exchange Report: Aug 29 2014

Bermuda Stock Exchange Report: Aug 29 2014

Today [Aug 29] saw the close of the BSX’s week finish with 2,680 shares traded on the day, valued at $15,341.20. 1,880 shares were traded by Bank of N.T. Butterfield Ltd, closing at $1.99 per share, even on the day. The other 800 shares were traded by Somers Limited, which closed at $14.50 per share, up 5.5% on the day. The BSX finished the week... Read more of this article

VSB To Cease Channel 11 TV Broadcasting

VSB To Cease Channel 11 TV Broadcasting

[Updated] Saying they “cannot continue to operate with continued losses,” DeFontes will cease to broadcast VSB Channel 11 effective August 31, 2014. The decision will leave result in three full-time staff, and eight part-time workers, all Bermudian, losing their jobs. A statement from the company said, “After considerable thought... Read more of this article

Tourism Authority Increases Digital Marketing

Tourism Authority Increases Digital Marketing

The Bermuda Tourism Authority [BTA] has a decidedly more digital marketing strategy to attract visitors to the island, a new quarterly report reveals. The BTA said, “In the second quarter of 2014 – the first quarter of operation for the BTA – 82 percent of all marketing was online, a 26 percent increase over the previous quarter. “Most... Read more of this article

Watson.bm Job Site Introduces New Features

Watson.bm Job Site Introduces New Features

Watson.bm, a website launched in April 2014 aiming to make employment opportunities more accessible for those on the island, is continuing to refine its features and capabilities, aiding both employers and employees in helping to facilitate professional connections. A spokesperson for the online service said, “In response to public demand and... Read more of this article

OneBeacon Declares $0.21 Quarter Dividend

OneBeacon Declares $0.21 Quarter Dividend

At its regular meeting held on August 26, 2014, Bermuda-based OneBeacon Insurance Group, Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on September 26, 2014, to holders of record of Common Shares as of the close of business on September 12, 2014. Related PostsRatings Affirmed: White Mountains, OneBeacon OneBeacon... Read more of this article

Bermuda Stock Exchange Report: Aug 28 2014

Bermuda Stock Exchange Report: Aug 28 2014

Today [Aug 28] saw a volume of 4,400 shares trade on the Bermuda Stock Exchange, valued at $16,440.00 BD. 1,000 of those shares were traded by Bank of N.T. Butterfield Ltd, closing at $1.99 per share, even on the day. The other 3,400 shares were traded by KeyTech Ltd, closing at $4.25 per share, down $0.15. The BSX closed at 1,386.61, down 0.13% on... Read more of this article

Video: BF&M CEO’s Ice Bucket Challenge

Video: BF&M CEO’s Ice Bucket Challenge

Following up on a group of the company’s employees taking the ALS Ice Bucket Challenge, BF&M CEO John Wight has doused himself with ice cold water in the name of promoting awareness of the debilitating disorder, commonly known as Lou Gehrig’s disease. Before undertaking the challenge, Mr. Wight nominated Darren Johnston of PWC, Will... Read more of this article

Enstar To Acquire Casualty Insurance Company

Enstar To Acquire Casualty Insurance Company

Bermuda-based Enstar Group Limited has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and workers compensation business, and has also provided fronting and third... Read more of this article


Latest Tweets From Bernews