RSSCategory: Business

Ironshore Donates $105,000 To Relay For Life

Ironshore Donates $105,000 To Relay For Life

Ironshore is the lead sponsor for the Relay for Life of Bermuda, which will be held on May 12 and 13th, with the company saying they are “pleased to be part of such an incredible community event.” “This annual event has been an enormous success and in the first 3 years has raised over half a million dollars and counting towards the... Read more of this article

Shipping Schedule: Week Starting April 29

Shipping Schedule: Week Starting April 29

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday April 29th.On Saturday the Stadiongracht general cargo ship is expected, on Sunday the Oleander container ship will arrive, and on Monday the Anthem of the Seas cruise ship is scheduled to arrive. On Wednesday the Norewegian... Read more of this article

Bermuda Stock Exchange Report: April 28 2017

Bermuda Stock Exchange Report: April 28 2017

April 28 saw 1,497 shares trade on the Bermuda Stock Exchange, valued at $48,478.75 BD. 1,497 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.9% at $32.50 per share. The BSX finished at 2,004.46, up 0.68% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article

Chairman Dunch On ‘Misinformation Circulating’

Chairman Dunch On ‘Misinformation Circulating’

Following comments made about the Bermuda Casino Gaming Commission hiring MP Wayne Scott, Commission Chairman Alan Dunch said he “would like to address what is clear misinformation circulating” and “set the record straight.” Mr Scott, who stepped down from Cabinet earlier this year and remains a backbencher in the House of Assembly,... Read more of this article

Ascendant Commemorates World Safety Day

Ascendant Commemorates World Safety Day

This morning [April 28], Ascendant Group held a commemorative ceremony in honour of World Day for Safety & Health at Work, with the ceremony including a wreath laying and minute of silence to honour the 17 BELCO employees who have lost their lives in the line of duty since BELCO’s inception.The Ceremony included welcoming remarks from Jessica... Read more of this article

BLDC Hold Meeting On Southside Development

BLDC Hold Meeting On Southside Development

The Bermuda Land Development Company [BLDC] hosted a public meeting last night at Clearwater Middle School to discuss the community development plans at Southside, including proposed options for the vacant lot opposite from the old St. David’s Post Office building. A slideshow presentation displayed at the meeting said their mandate is, “The... Read more of this article

Video: Validus & Bermuda College Partnership

Video: Validus & Bermuda College Partnership

Bermuda College has announced the “success of partnership with Validus Re that has been softly celebrated for approximately two years.” Andy Newton, Vice President, Head of Information Technology at Validus said, “Validus endorses a holistic approach to student development based on practical experience. “With that in mind, our Learning... Read more of this article

Simons On Promoting Bermuda Captive Market

Simons On Promoting Bermuda Captive Market

Bermuda Captive Owners Association [BOCA] General Manager Rochelle Simons says clients telling the benefits of having a Bermuda domiciled captive are a great way to promote the captive market. Ms Simons was speaking at the recently held Bermuda Insurance Management Association [BIMA] Annual General Meeting held at the Royal Bermuda Yacht Club in Hamilton. One... Read more of this article

Validus Reports Net Income Of $94.6 Million

Validus Reports Net Income Of $94.6 Million

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common shareholders... Read more of this article

AXIS Reports First Quarter Income Of $5M

AXIS Reports First Quarter Income Of $5M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2017 of $5 million, or $0.06 per diluted common share, compared to $38 million, or $0.41 per diluted common share, for the first quarter of 2016. Albert Benchimol, President and CEO of AXIS Capital, said: “Notwithstanding the pressure... Read more of this article

Bermuda Stock Exchange Report: April 27 2017

Bermuda Stock Exchange Report: April 27 2017

April 27 saw 5,500 shares trade on the Bermuda Stock Exchange, valued at $15,950.00 BD. 5,500 shares were traded by One Communications Ltd, closing up 5.5% at $2.90 per share. The BSX finished at 1,990.97, up 0.10% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

OT Register Amendment Withdrawn In UK

OT Register Amendment Withdrawn In UK

Legislation in the British House of Lords that would have forced Bermuda to make public a long standing register of corporate beneficial owners, has been withdrawn, the Ministry of Finance confirmed today, with the Minister of Finance calling it “a good day for Bermuda.” “Bermuda is the only country known to have an up-to-date register... Read more of this article

Marketing Splash For Conference At RIMS

Marketing Splash For Conference At RIMS

The Bermuda Captive Conference capitalised on the insurance industry’s biggest annual event in Philadelphia this week to build interest and boost registrations leading towards its September 11–13 event. The Bermuda conference, which was shifted from its regular calendar slot in June to this fall due to the America’s Cup, made a marketing splash... Read more of this article