Category: Business
Bermuda Stock Exchange Report: March 18 2024
March 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,246.57, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: March 15 2024 Bermuda Stock... Read more of this article
Auditor General On Govt’s Consolidated Fund
The Auditor General commented on the Audited Financial Statements of the Consolidated Fund of the Government of Bermuda for the year ended March 31, 2023 A spokesperson said, “Auditor General, Heather Thomas, today commented on her qualified opinion on the financial statements of the Consolidated Fund of the Government of Bermuda for the year... Read more of this article
BHCF Foundation Appoints Six New Directors
The Bermuda Hospitals Charitable Foundation [BHCF] has expanded its board with the addition of six new directors, Angela Atherden, Sally-Anne Baron, Andrew Gibbs, Richard Lau, Nevine Lewis and Harriet Stuckes. Jane Spurling, Chair of the Board, said, “The new Directors bring a wide range of experience in finance, compliance, information technology,... Read more of this article
BDA Risk Summit Attracts Overseas Delegates
The Bermuda Risk Summit, presented by the Bermuda Business Development Agency [BDA], in partnership with the Association of Bermuda Insurers and Reinsurers [ABIR] and EY, has “once again had a strong showing of overseas support, with 40% of its 450-plus delegate list attending from overseas,” the BDA said. A spokesperson said, “The... Read more of this article
Consultation On Retaining The Local Workforce
Minister of Economy and Labour Jason Hayward presented a Position Paper on “Retaining the Local Workforce,” noting that he is inviting consultation on the proposals and “seeking feedback on proposals to retain Bermuda’s local workforce, for the long-term benefit of our country.” Speaking in the House of Assembly on Friday, the... Read more of this article
Brit Ltd Appoints David Cary As Deputy Head
Brit Ltd announced that David Cary has been appointed to the role of Deputy Head of Property Treaty, Bermuda. A spokesperson said, “David brings nearly 20 years’ experience in the reinsurance sector. Before joining Brit, he was Underwriting Manager and Head of Property & Casualty, Bermuda for QBE Re. Prior to this, David held senior roles... Read more of this article
AM Best Assign B++ Rating To Mozart Insurance
AM Best has assigned a Financial Strength Rating of B++ [Good] and a Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong,... Read more of this article
Government Analyst Earns PSEA Award
A Government Analyst from the Ministry of Health earned the Public Service Excellence Award [PSEA] for February, with the Government noting “this meticulous, exacting and dedicated public officer provides forensic drug chemistry and technical analysis to assist in crime detection.” A Government spokesperson said, “Recently [15 March],... Read more of this article
AM Best Affirms North End Re’s Ratings
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of North End Re Ltd. [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well... Read more of this article
Govt Launch Red Tape Reduction Consultation
“I am announcing the opening of the promised consultation with the Government’s largest and most important stakeholder, the people of Bermuda, to hear directly from the public about what regulations they feel can be reduced,” Premier and Minister of Finance David Burt said in the House of Assembly. The Premier said, “We want to hear... Read more of this article
Bank Of Butterfield Appoints Simon Des-Etages
The Bank of N.T. Butterfield & Son announced the appointment of Simon Des-Etages to General Counsel and Group Chief Legal Officer effective March 18, 2024. A spokesperson said, “Mr. Des-Etages succeeds Shaun Morris, who has served in the role for the last twelve years and made the decision to retire.” Michael Collins, Chairman and Chief... Read more of this article
Shipping Schedule: Week Starting March 16
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 16th. On Saturday the Marella Explorer cruise ship is expected, on Sunday the Silver Dubai and the Navigare Terra Mater oil products tankers will arrive, and on Monday the Oleander container ship is scheduled to... Read more of this article
Bermuda Stock Exchange Report: March 15 2024
March 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,246.57, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda... Read more of this article
BTA: “New, Extended, And Returning Airlift”
The Bermuda Tourism Authority [BTA] provided an overview of the “2024 plans for nonstop flight service to Bermuda with new, extended, and returning airlift across the Eastern U.S.” A spokesperson said, “This year, travellers can access additional direct flights to L.F. Wade International Airport [BDA] that are under three hours from... Read more of this article
AM Best Assigns Credit Ratings To Arch Group
AM Best assigned Arch Group Reinsurance a Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of “aa-” with a stable outlook. The ratings agency said, “AM Best has assigned the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] to Arch Group Reinsurance Ltd. [Arch Group... Read more of this article
Bermuda Stock Exchange Report: March 14 2024
March 14 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,246.57, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: March 18 2024 Bermuda Stock... Read more of this article