RSSCategory: Business

Argo Group Declares $0.27 Quarterly Dividend

Argo Group Declares $0.27 Quarterly Dividend

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced the Board of Directors declared a quarterly cash dividend of $0.27 per share on the company’s common stock. The cash dividend will be paid on Dec. 14, 2018 to shareholders of record on Nov. 30, 2018. Related... Read more of this article

Ascendant’s October 2018 Share Repurchases

Ascendant’s October 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 October 2018 the company repurchased 88,863 common shares at an average price of $16.93. The Company advised the repurchased shares have been reserved for issuance. Related StoriesAscendant’s... Read more of this article

PartnerRe Declare Preferred Shares Dividends

PartnerRe Declare Preferred Shares Dividends

Bermuda-based PartnerRe has declared a dividend for the period September 1, 2018 – November 30, 2018 of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 on the Company’s 5.875% Series F and Series... Read more of this article

Bermuda Stock Exchange Report: Nov 6 2018

Bermuda Stock Exchange Report: Nov 6 2018

November 6 saw 700 shares trade on the Bermuda Stock Exchange, valued at $2,709.00 BD. 700 shares were traded by Argus Group Holdings Ltd, closing even at $3.87 per share. The BSX finished at 2,425.64, 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

PwC: $100B ILS Market Relevant & Reliable

PwC: $100B ILS Market Relevant & Reliable

The $100 billion insurance linked securities market has proven to be both relevant and reliable after the spate of heavy catastrophe losses around the world in 2017 and 2018, PwC ILS leader David Gibbons stated at the PwC Insurance Summit. Mr Gibbons was part of a panel of ILS industry leaders including Jay Green, Managing Director, GC Securities,... Read more of this article

Cargo Delivery Service Interruption On Nov 16th

Cargo Delivery Service Interruption On Nov 16th

Stevedoring Service Limited [SSL], have informed its customers that on Friday, November 16, operations staff will be involved in a training seminar. A spokesperson said, “This means that there will be no “over the road” or cargo delivery service off of the Hamilton Docks on that day. “SSL parent company, Polaris Holding Company Limited... Read more of this article

Arbitrade: ‘We Received Title To Gold Bullion’

Arbitrade: ‘We Received Title To Gold Bullion’

[Updated] According to the latest statement from Arbitrade, they have received title to gold bullion “with a current market value in excess of $10 billion.” This follows after the company announced last month that they have “completed the acquisition of the Victoria Hall Building” which “will serve as Arbitrade Ltd. Bermuda World Headquarters.” The... Read more of this article

White Mountains Reports Third Quarter Results

White Mountains Reports Third Quarter Results

White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $938 and adjusted book value per share of $926 as of September 30, 2018. Book value per share and adjusted book value per share both increased 2% in the third quarter of 2018 and 1% in the first nine months of 2018, including dividends. Comprehensive income [loss] attributable... Read more of this article

Butterfield Bank: October Share Repurchases

Butterfield Bank: October Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited today advised that during the month of October 2018, the Bank purchased for Treasury 514,137 Common Shares at an average price of $39.13 per share. Related StoriesButterfield Adjusts Rates On Deposits & Loans Butterfield Increases Term Deposit... Read more of this article

Bermuda Stock Exchange Report: Nov 5 2018

Bermuda Stock Exchange Report: Nov 5 2018

November 5 saw 4,600 shares trade on the Bermuda Stock Exchange, valued at $140,331.00 BD. 3,300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 7.9% at $41.00 per share, while another 1,300 shares were traded by Argus Group Holdings Ltd, closing even at $3.87 per share. The BSX finished at 2,425.64, up 5.89% on the day. There was 1... Read more of this article

‘Blockchain Spotlight: Strategies For Road Ahead’

‘Blockchain Spotlight: Strategies For Road Ahead’

Earlier this month, the Minister of National Security Wayne Caines spoke at the PwC Insurance Summit Strategies for Success in the New Reality presented by Financial Times Live and PwC held at the Hamilton Princess. Minister Wayne Caines with panel members L-R – Moderator – George Thomas, Senior Advisor, Advisory Services, PwC Bermuda, Andre McGregor,... Read more of this article

‘Discussed Ways To Lower Cost Of Mortgages’

‘Discussed Ways To Lower Cost Of Mortgages’

Premier David Burt and newly sworn in Minister of Finance Curtis Dickinson met with HSBC’s outgoing and newly appointed CEOs, Steve Banner and Mark Watkinson, to discuss “ways to lower the cost of mortgages” and “strategies to increase lending to small businesses.” Premier Burt tweeted the photos below, saying: “Min.... Read more of this article

RFI: Fare & Mobile Ticketing For Public Transport

RFI: Fare & Mobile Ticketing For Public Transport

The Government has issued a Request for Information [RFI] for an “innovative new Automated Fare Media and Mobile Ticketing Solution for its Public Transport system.” The announcement said, “The ultimate goal of which is to improve the efficiencies of the ticketing process for both local and overseas users of the public transport system.... Read more of this article