RSSCategory: Business

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best has affirmed the financial strength rating of A [Excellent] and the issuer credit rating of “a” of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda]. The outlook for both ratings remains stable. A statement from the rating company said, “Rembrandt is a captive of Vitol Holding BV [Netherlands], a holding company of a group... Read more of this article

Bermuda Stock Exchange Report: Oct 21 2014

Bermuda Stock Exchange Report: Oct 21 2014

Today [Oct 21] saw no shares trade on the Bermuda Stock Exchange. The BSX closed at 1,378.97, even on the day. There were 0 advances, 1 decline, and 3 remained unchanged. The full report from the BSX is available here [PDF]. Related PostsBermuda Aviation Services Share Repurchase Somers Appoints Charles Jillings As Director LOM [Holdings]... Read more of this article

CableVision Provides Storm Restoration Update

CableVision Provides Storm Restoration Update

Following the damage from Fay and Gonzalo, Bermuda CableVision have now completed the repair to their main distribution plant, and have three larger teams working in the eastern, central and western areas of the Island to bring customers back online. CEO Terry Roberson said, “Bermuda CableVision has been working into the night to restore service... Read more of this article

Logic: “Core Network Remained Operational”

Logic: “Core Network Remained Operational”

Logic Communications Ltd. said that their core network remained operational throughout Hurricane Gonzalo with no loss of service for wired Internet service customers. “Although Logic’s Internet service remains operational, service to customers is dependent on their access provider’s [CableVision or BTC] service and the restoration of power... Read more of this article

Coco Reef Fully Operational After Gonzalo

Coco Reef Fully Operational After Gonzalo

Coco Reef Bermuda is fully operational following Hurricane Gonzalo’s direct hit on Bermuda over the weekend, with the property having sustained only minimal superficial damage. Coco Reef Bermuda is now accepting guests and all hotel services are open, including Café Coco and the beach and pool facilities.Vince Angelo, General Manager of Coco Reef... Read more of this article

Fitch: Bermuda’s Preparedness, Building Codes

Fitch: Bermuda’s Preparedness, Building Codes

Bermuda’s “extensive hurricane preparedness and strict enforcement of its building codes” helped limit economic losses and loss of life compared with other hurricane-prone nations that are less developed, Fitch Ratings said. The statement from the ratings agency said, “Fitch Ratings expects a limited amount of industry insured... Read more of this article

TBi: No Service Outages Following Gonzalo

TBi: No Service Outages Following Gonzalo

While Hurricane Gonzalo affected much of the island’s infrastructure, TBi is reporting that it has experienced no outages, with service on both its internet and voice platforms enjoying 100 percent availability across the island. A spokesperson said, “In the wake of Hurricane Gonzalo, TBi is pleased to report having experienced no outages,... Read more of this article

Argus Now Paying Claims For Fay And Gonzalo

Argus Now Paying Claims For Fay And Gonzalo

The Argus Group yesterday [Oct 20] revealed that it had already started making payments for claims from both Tropical Storm Fay and Hurricane Gonzalo. The company reported that it received claims all weekend regarding damages from the storms. Within one hour of opening their offices on Saturday [Oct 18] morning, Argus representatives visited customer... Read more of this article

“Business As Usual” At The Hamilton Princess

“Business As Usual” At The Hamilton Princess

It is business as usual at The Fairmont Hamilton Princess following Hurricane Gonzalo, with all services and amenities – including the hotel’s new resort pool, Princess Marina and harbour side restaurant – fully operational. The Fairmont Hamilton Princess did not sustain damage as a result of Hurricane Gonzalo. To ensure the safety and security... Read more of this article

Duperreault Addresses State Of Reinsurance

Duperreault Addresses State Of Reinsurance

Brian Duperreault, CEO of Hamilton Insurance Group, the Bermuda-based holding company of property casualty reinsurer Hamilton Re, recently gave a keynote address that investigated the current state of the reinsurance industry, telling his audience that “real opportunity” lay in the industry’s current inflection point. Mr. Duperreault... Read more of this article