RSSCategory: Business

PartnerRe First Quarter Net Loss: $120 Million

PartnerRe First Quarter Net Loss: $120 Million

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $120 million for the first quarter of 2018 compared to net income of $38 million for the same period of 2017. “The net loss attributable to common shareholder for the first quarter of 2018 includes net unrealized investment losses of approximately $222 million,... Read more of this article

Shipping Schedule: Week Starting May 26

Shipping Schedule: Week Starting May 26

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 26th.On Saturday the Carnival Horizon and the Grandeur of the Seas cruise ships are expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Anthem of the Seas... Read more of this article

JetBlue Unveils Fleet Of Twizys In Bermuda

JetBlue Unveils Fleet Of Twizys In Bermuda

JetBlue unveiled a fleet of JetBlue-branded electric Twizy cars at today’s [May 25] Bermuda Day parade, becoming the first airline to brand the vehicles. A spokesperson said, “The unique JetBlue “livery,” in hues as vibrant as Bermuda’s world-famous waters and vistas, celebrates the airline’s commitment to Bermuda in a car that is an... Read more of this article

Bermuda Stock Exchange Report: May 24 2018

Bermuda Stock Exchange Report: May 24 2018

May 24 saw 22,355 shares trade on the Bermuda Stock Exchange, valued at $213,552.95 BD. 11,000 shares were traded by One Communications Ltd, closing up 2.4% at $2.95 per share, while another 10,000 shares were traded by Ascendant Group Limited, closing up 3.3% at $15.50 per share. 1,355 shares were traded by BF&M Ltd, closing up 16.7% at $21.00... Read more of this article

Delegates Praise Bermuda Healthcare Forum

Delegates Praise Bermuda Healthcare Forum

Leading healthcare industry and liability experts have praised the Bermuda insurance market for “its capacity, collaboration and creative solutions” following the second Bermuda Healthcare Forum, held last month at the Hamilton Princess Hotel & Beach Club. A BDA pokesperson said, “The event saw more than 200 healthcare industry... Read more of this article

Canadian Govt Blocks Aecon Sale To CCCI

Canadian Govt Blocks Aecon Sale To CCCI

[Updated] The Government of Canada has ordered Aecon –  the company involved in Bermuda’s airport project — to cease their planned sale to a Chinese company, with the Canadian Government saying the decision was made “in order to protect national security.” CBC reported that Canada’s Innovation Minister Navdeep Bains said,... Read more of this article

PwC Insurance Summit Set For November 1

PwC Insurance Summit Set For November 1

PwC Bermuda will host the annual PwC Insurance Summit, presented by the Financial Times, on November 1 at the Hamilton Princess & Beach Club. A spokesperson said, “The PwC Insurance Summit will bring together over 200 industry leaders, experts, and professionals to discuss trends and strategies to adapt and innovate in the fast evolving insurance... Read more of this article

Moody’s Affirms Bermuda’s A2 Ratings

Moody’s Affirms Bermuda’s A2 Ratings

[Updated] Premier and Minister of Finance David Burt announced that ratings agency Moody’s Investors Service [Moody’s] has affirmed Bermuda’s A2 issuer ratings and its A2 senior unsecured bond ratings. The outlook remains stable. Premier Burt stated, “According to Moody’s, the key drivers for the rating affirmation are our economic... Read more of this article

Bermuda Stock Exchange Report: May 23 2018

Bermuda Stock Exchange Report: May 23 2018

May 23 saw 22,045 shares trade on the Bermuda Stock Exchange, valued at $315,119.50 BD. 15,045 shares were traded by Ascendant Group Limited, closing even at $15.00 per share, while another 4,500 shares were traded by BF&M Ltd, closing up 5.8% at $17.99 per share. 2,500 shares were traded by Argus Group Holdings Ltd, closing at an even $3.92... Read more of this article

Ascendant Group Announces Board Changes

Ascendant Group Announces Board Changes

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited has announced board changes. The full filing stated, “The Board of Directors of Ascendant Group Limited announces the retirement of David Dodwell, Sr and Edward Williams from the Company’s Board of Directors [the “Board”], effective 18 May 2018. “On behalf of... Read more of this article

‘Vend 2 Win’: Six Entrepreneurs Win Trip To NY

‘Vend 2 Win’: Six Entrepreneurs Win Trip To NY

Six local vendors have beat out the competition to secure a free trip to showcase their products at a New York City market on Saturday, July 1. with Limestone + Cedar, Native by Channing Dill; His N Hers Hair & Beauty, Queendom Heights, Chiko’s Smokey Rub and NovelTea all impressing the judges to win the overseas marketing opportunity. The Bermuda... Read more of this article

AXIS Name Rohrmann Investor Relations Head

AXIS Name Rohrmann Investor Relations Head

AXIS Capital Holdings Limited has named Matthew Rohrmann as its Head of Investor Relations. In this role, Mr. Rohrmann will be responsible for leading AXIS Capital’s engagement with the investment community and proactively communicating the Company’s vision, strategy and financial story. Mr. Rohrmann will report directly to CFO Peter Vogt and will... Read more of this article

Bermuda Stock Exchange Report: May 22 2018

Bermuda Stock Exchange Report: May 22 2018

May 22 saw 29,000 shares trade on the Bermuda Stock Exchange, valued at $435,750.00 BD. 28,500 shares were traded by Ascendant Group Limited, closing up 14.5% at $15.00 per share, while another 500 shares were traded by BF&M Ltd, closing up 2.4% at $17.00 per share. The BSX finished at 2,744.94, up 0.79% on the day. There were 2 advances, 0 declines,... Read more of this article