RSSCategory: Business

Arbitrade State Gold Shipment Added To Vaults

Arbitrade State Gold Shipment Added To Vaults

Arbitrade released another press release in which they state that “December’s shipment of gold from SION Trading FZ has been vaulted and secured in Dubai UAE” and “SION has provided $250 million in credit to facilitate these purchases on Arbitrade’s behalf.” The company, which has attracted attention since first announcing... Read more of this article

Kempe On Economic Substance Act Policies

Kempe On Economic Substance Act Policies

“While the One Bermuda Alliance totally supports Government efforts to encourage companies affected by the EU Substance Act to remain and invest here, it should be noted that nothing announced by the Finance Minister recently was new,” Shadow Finance Minister Nick Kempe said. Senator Kempe said, “The Act may cause some companies to... Read more of this article

Premier Welcomes BMe CEO Trabian Shorter

Premier Welcomes BMe CEO Trabian Shorter

Premier David Burt along with some of his Government Colleagues, recently welcomed Mr. Trabian Shorter CEO and Founder of the BMe Community and his colleagues to Bermuda. “Through training and consulting work for other organizations, the BMe Genius Fellowship and Community Builders Network, is working to recognize the maximum amount of people... Read more of this article

Arch Updates Catastrophe Loss Estimates

Arch Updates Catastrophe Loss Estimates

During the fourth quarter of 2018, there were a number of catastrophes around the globe, including Hurricane Michael, wildfires in California and a series of smaller events. Arch Capital Group Ltd. has established a range of pre-tax losses of $110 million to $130 million for these events, net of reinsurance recoveries and reinstatement premiums. “For... Read more of this article

Premier Meets With Velocity Ledge, Apollo Global

Premier Meets With Velocity Ledge, Apollo Global

Premier David Burt recently met with executives from both Velocity Ledger and Apollo Global, with the Premier saying he discussed their plans to move their respective companies to Bermuda. Premier Burt tweeted the photo below, saying: “On Tuesday evening I welcomed Eric Ness and Shawn Sloves of Velocity Ledger to discuss their plans to move their... Read more of this article

Shipping Schedule: Week Starting January 12

Shipping Schedule: Week Starting January 12

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 12th.On Saturday the Polar Mexico container ship is expected, on Sunday the Oriana cruise ship will arrive, and on Monday the Oleander III container ship is scheduled to arrive. On Tuesday the Somers Isles container... Read more of this article

Premia Acquires Public Service Insurance

Premia Acquires Public Service Insurance

Premia Holdings has acquired Public Service Insurance Company [PSIC] and its wholly-owned subsidiary Western Select Insurance Company [WSIC] from the Director of the Illinois Department of Insurance, acting in her capacity as statutory and court affirmed Rehabilitator for Public Service Insurance Company [Rehabilitator]. “In this groundbreaking... Read more of this article

Bermuda Stock Exchange Report: Jan 11 2019

Bermuda Stock Exchange Report: Jan 11 2019

January 11 saw 8,682 shares trade on the Bermuda Stock Exchange, valued at $145,423.50 BD. 8,682 shares were traded by Ascendant Group Limited, closing even at $16.75 per share. The BSX finished at 2,047.87, even on the day. There were 0 advances, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article

One Communications Dec. Share Repurchases

One Communications Dec. Share Repurchases

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of December 2018 the company repurchased 3,999 of its common shares at an average price of $3.00 for immediate cancellation. In addition, 451,805 of its common shares were repurchased pursuant to BSX... Read more of this article

AM Best Affirms Credit Ratings Of Lumen Re

AM Best Affirms Credit Ratings Of Lumen Re

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” of Lumen Re Ltd. [Lumen Re] [Bermuda]. The outlook of these Credit Ratings is stable. A statement from the ratings agency said, “The ratings reflect Lumen Re’s balance sheet strength, which AM Best categorizes as strongest, as well... Read more of this article

Ascendant’s December 2018 Share Repurchases

Ascendant’s December 2018 Share Repurchases

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of December 2018 the company repurchased 51,395 common shares at an average price of $16.99. The Company advised the repurchased shares have been reserved for issuance. Related StoriesAscendant’s... Read more of this article

Bermuda Stock Exchange Report: Jan 10 2019

Bermuda Stock Exchange Report: Jan 10 2019

January 10 saw 930 shares trade on the Bermuda Stock Exchange, valued at $2,790.00 BD. 930 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,047.87, even on the day. There were 0 advances, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Ascendant Summer Student Programme

Ascendant Summer Student Programme

Ascendant Group Limited is inviting college and university students to apply for internships in its Summer Student Programme. As the parent company for BELCO, AIRCARE, iFM, and iEPC, Ascendant is able to offer the selected students a variety of experiences throughout the Group. Ascendant’s Interim VP of Human Resources, LaKeitha Cunningham, stated,... Read more of this article