RSSCategory: Business

Stevedoring Services Signs Five Year Lease

Stevedoring Services Signs Five Year Lease

Stevedoring Services Ltd [SSL] will continue to operate the Hamilton docks for the next 5 years after today signing a new lease with the Corporation of Hamilton. The company, a subsidiary of Polaris Holding Company Ltd, has been responsible for dock operations for more than 15 years. Mayor of Hamilton Charles Gosling says, “The atmosphere on the... Read more of this article

Aspen Insurance Net Income: $117.9 Million

Aspen Insurance Net Income: $117.9 Million

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $117.9 million, or $1.75 per diluted share, and operating income after tax of $84.0 million, or $1.21 per diluted share, for the fourth quarter of 2015. Chris O’Kane, Chief Executive Officer, commented, “2015 was a year of significant progress across Aspen. We continued... Read more of this article

Everest Re Group Reports 2015 Q4 Earnings

Everest Re Group Reports 2015 Q4 Earnings

Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2015 after-tax operating income1 available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders... Read more of this article

Bermuda Stock Exchange Report: Feb 4 2016

Bermuda Stock Exchange Report: Feb 4 2016

Today [Feb 4] saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $19,500.00 BD. All 5,000 shares were traded by Argus Group Holdings Ltd, closing up 0.1% at $3.90 per share. The BSX finished at 1,224.59, up 0.48% on the day. There was 1 advance, 0 declines, and 65 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Safer Internet Day To Be Held On February 9th

Safer Internet Day To Be Held On February 9th

On February 9th, the Department of E-Commerce will host the second annual Safer Internet Day at Somersfield Academy from 10am to 1pm. The free event is sponsored by BF&M, Butterfield Bank, Clarien Bank, Digicel, and Somersfield Academy and is specifically geared towards the Island’s seniors and aims to remind them of the many ways to stay safe... Read more of this article

Ten New Apprentices Start At Digicel & BTC

Ten New Apprentices Start At Digicel & BTC

The ten successful candidates for the new Digicel & BTC apprenticeship program started this week, which marks the beginning of a three-year training scheme designed to train young Bermudians in the vital role of technical engineers. “Following the influx of over 200 applicants, the ten successful candidates were selected for their exceptional... Read more of this article

NMAC Welcomes New Pulmonary Medical Expert

NMAC Welcomes New Pulmonary Medical Expert

Dr. Ervin Anaya, lung and intensive care specialist, joins Northshore Medical and Aesthetics Center [NMAC] this month. Dr. Anaya completed his Internal Medicine residency training at East Tennessee State University and his Pulmonary and Critical Care fellowship training at the University of Louisville, Kentucky. He has practiced medicine in Bolivia,... Read more of this article

RA Invites Comment On KeyTech & CellOne Deal

RA Invites Comment On KeyTech & CellOne Deal

The Regulatory Authority of Bermuda is inviting the public to comment on the proposed KeyTech and CellOne deal, with the response deadline set for February 12th. Comments must reach the Authority no later than 4:00pm on 12 February 2016 to be considered. Comments can be sent to the Authority via email to kmasters@rab.bm, by post or by hand to: Kyle... Read more of this article

Endurance Reports Q4 2015 Financial Results

Endurance Reports Q4 2015 Financial Results

Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $91.4 million and $1.36 per diluted common share for the fourth quarter of 2015 versus net income of $76.4 million and $1.70 per diluted common share for the fourth quarter of 2014. For the year ended December 31, 2015, Endurance reported net income... Read more of this article

Laura Blee-DeFrias Joins Bermuda Forwarders

Laura Blee-DeFrias Joins Bermuda Forwarders

Local shipping company Bermuda Forwarders Ltd. has boosted its freight services business with a new hire. Laura Blee-DeFrias [pictured] has joined the company’s ocean import team as Freight Services Manager. Mrs. Blee-DeFrias has 20 years experience in the shipping industry. She started at B.O.S.S. in 1995 and became Managing Director in 1997. As... Read more of this article

Mitsui Sumitomo/Amlin Acquisition Complete

Mitsui Sumitomo/Amlin Acquisition Complete

Amlin plc announced the completion of its acquisition by Mitsui Sumitomo Insurance Company, Limited, a wholly-owned subsidiary of MS&AD Insurance Group Holdings, Inc., following receipt of applicable regulatory and legal approvals. MSI has acquired the entire issued and to be issued share capital of Amlin. Charles Philipps, Chief Executive of Amlin,... Read more of this article

PartnerRe January 2016 Non-Life Renewal Data

PartnerRe January 2016 Non-Life Renewal Data

PartnerRe Ltd. announced that during the January 1, 2016 treaty renewal season it expects to write and bind approximately $2.5 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decrease of 5% from the renewable premium base. The Company renews approximately 65% percent of its total annual Non-Life treaty business... Read more of this article

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