RSSCategory: Business

AXA XL Adds Hostage/Assault Crisis Protection

AXA XL Adds Hostage/Assault Crisis Protection

AXA XL’s Environmental business has added complimentary hostage/assault crisis response coverage to its pollution insurance specifically designed for real estate businesses and portfolios. According to Matt O’Malley, President of AXA XL’s North America Environmental business, “Our environmental insurance team has been a pioneer in the pollution... Read more of this article

Carey Olsen Firm Advises MMC On Acquisition

Carey Olsen Firm Advises MMC On Acquisition

A cross-jurisdictional Carey Olsen team has advised Marsh & McLennan Companies, Inc. [MMC] on its acquisition of Jardine Lloyd Thompson Group plc for US$5.6 billion in fully diluted equity value. The acquisition, which was first announced in September 2018, has now completed and advances MMC’s leadership position in insurance and reinsurance... Read more of this article

Bermuda Stock Exchange Report: April 17 2019

Bermuda Stock Exchange Report: April 17 2019

April 17 saw 3,754 shares trade on the Bermuda Stock Exchange, valued at $62,565.50 BD. 2,900 shares were traded by BF&M Ltd, closing up 1.3% at $16.20 per share, while the other 854 shares were traded by Ascendant Group Limited, closing up 1.4% at $18.25 per share. The BSX finished at 2,231.60, up 0.18% on the day. There were 2 advances, 0 declines,... Read more of this article

Column: Looking At Island’s Digital Asset Plans

Column: Looking At Island’s Digital Asset Plans

[Opinion column written by Chris Garrod] A look into how a 21 sq mile island opened its door to digital asset business It’s called The Digital Asset Business Act 2018, which doesn’t really sound that interesting, I suppose. But, yes, it is. The Act introduced the concept of digital asset businesses setting up and being regulated in Bermuda. Creating... Read more of this article

Premier Burt On Job Losses At Butterfield Bank

Premier Burt On Job Losses At Butterfield Bank

The Government is “disappointed at the loss of Bermudian jobs” at Butterfield Bank, Premier David Burt said, adding that they will work to ensure former employees have the needed support, and also “increase efforts to diversify our banking sector.” The Premier’s comments follow after the Bank of Butterfield confirmed... Read more of this article

Butterfield Streamlines, Closes Rosebank Centre

Butterfield Streamlines, Closes Rosebank Centre

Bank of Butterfield completed a “multi-faceted streamlining initiative” in which 30 employees in Bermuda accepted voluntary early retirement packages, 11 positions were made redundant, and Butterfield’s Rosebank Banking Centre and Drive-Thru Teller Services in Hamilton have closed effective today.The full filing with the BSX stated,... Read more of this article

Bermuda Stock Exchange Report: April 16 2019

Bermuda Stock Exchange Report: April 16 2019

April 16 saw 2,491 shares trade on the Bermuda Stock Exchange, valued at $70,671.50 BD. 1,491 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $36.75 per share, while another 1,000 shares were traded by BF&M Ltd, closing at an even $16.00 per share. The BSX finished at 2,227.66, up 1.54% on the day. There was 1 advances, 0... Read more of this article

Visitor Services Centre Opens In St. George’s

Visitor Services Centre Opens In St. George’s

Tourism & Transport Minister Zane DeSilva officially opened a new Visitor Services Centre in St. George, at 25 York Street on Monday [April 15]. A spokesperson said, “The facility is full of useful visitor information on tourism attractions and events in the east end and island-wide, as well as Bermuda-branded retail items. “It’s... Read more of this article

BII To Host Seminars For Young Professionals

BII To Host Seminars For Young Professionals

A series of induction seminars are set to be held aimed helping young professionals understand the basics of insurance as well as the different parts that make up the industry in Bermuda. Run by the Bermuda Insurance Institute [BII], the courses are aimed at junior level employees of insurance and reinsurance companies as well as those from companies... Read more of this article

RUBiS Good Friday & Easter Holiday Hours

RUBiS Good Friday & Easter Holiday Hours

RUBiS Energy Bermuda have provided information about their opening hours for their various locations during the upcoming Good Friday and Easter Holiday. A spokesperson said, “They are in order from east to west, those highlighted in red offer 24 hr self-serve.” Related StoriesSimons Helping MWI Clients Enjoy The Holidays Premier David... Read more of this article

Norwegian Gem, Joy Cruise Ships To Visit In 2021

Norwegian Gem, Joy Cruise Ships To Visit In 2021

Norwegian Cruise Line announced select 2020 and 2021 itineraries for some of their ships, with the cruise line announcing that both the Norwegian Joy and Norwegian Gem will call on the island in 2021. The NCL website said, “Beginning April 14, 2021, Norwegian Joy will homeport in New York City for the first time, sailing a mix of Bermuda as... Read more of this article

PartnerRe Appoint Colello: P&C Americas CEO

PartnerRe Appoint Colello: P&C Americas CEO

PartnerRe announced that Jonathan Colello will join the Company effective July 1, 2019 as CEO, P&C Americas, and President of Partner Reinsurance Company of the U.S. Mr. Colello will report to Emmanuel Clarke, PartnerRe President and CEO, and will be a member of the Company’s Executive Leadership Team. In his new role, Mr. Colello will have executive... Read more of this article

Hottinger Appointed President Of EMEA LatAM

Hottinger Appointed President Of EMEA LatAM

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, announced the appointment of Andy Hottinger as President of its EMEA LatAm division. Mr. Hottinger succeeds longtime AXIS Re colleague and EMEA LatAm President Jan Ekberg, who will retire in July following a 45-year career in the [re]insurance industry, which has included 15... Read more of this article