Tag: Bermuda business

Platinum Underwriters Declares  $0.08 Dividend

Platinum Underwriters Declares $0.08 Dividend

Bermuda-based Platinum Underwriters Holdings, Ltd. announced today that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on December 31, 2014 to shareholders of record on December 1, 2014. Related PostsPlatinum Underwriters Declares $0.08 Dividend Platinum Underwriters Reports Q3... Read more of this article

A.M. Best Affirms Ratings of Hiscox Insurance

A.M. Best Affirms Ratings of Hiscox Insurance

Rating company A.M. Best has affirmed the financial strength rating of A [Excellent] and issuer credit rating of “a+” of Hiscox Insurance Company, Inc. [HICI] [Chicago, IL]. The outlook for both ratings is stable. The ratings agency said, “These ratings are based upon A.M. Best’s criteria, “Rating Members of Insurance Groups,” and take... Read more of this article

Bermuda Stock Exchange Report: Oct 24 2014

Bermuda Stock Exchange Report: Oct 24 2014

Today [Oct 24] saw the close of the BSX’s week finish with 4,900 shares traded on the day, valued at $49,124.00 BD. 600 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $1.99 per share, while BF&M Ltd traded 1,800 shares, closing down 2.4% at $18.05 per share. The other 2,500 shares were traded by Ascendant Group Limited,... Read more of this article

Everest Re: Q3 2014 Net Income $274.9 Million

Everest Re: Q3 2014 Net Income $274.9 Million

Bermuda-based Everest Re Group, Ltd. reported third quarter 2014 net income available to common shareholders of $274.9 million, or $6.00 per diluted common share, compared to net income of $234.8 million, or $4.81 per diluted common share, for the third quarter of 2013. After-tax operating income1 available to common shareholders, excluding realized... Read more of this article

Bermuda Stock Exchange Report: Oct 23 2014

Bermuda Stock Exchange Report: Oct 23 2014

Today [Oct 23] saw a volume of 16,011 shares trade on the Bermuda Stock Exchange, valued at $31,861.89 BD. All 16,011 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.99 per share. The BSX closed at 1,379.41, also even on the day. There were 0 advances, 1 decline, and 73 remained unchanged. The full report from the BSX is available... Read more of this article

BTA Investment Program Deadline On Friday

BTA Investment Program Deadline On Friday

Due to the disruption caused by Tropical Storm Fay and Hurricane Gonzalo, the Bermuda Tourism Authority’s Tourism Experience Investment program deadline was extended until tomorrow [Oct 24].A spokesperson said, “All entrepreneurs! The Bermuda Tourism Authority’s Tourism Experience Investment program deadline has been extended to this Friday... Read more of this article

BF&M, Argus: Waiver of Double Deductible

BF&M, Argus: Waiver of Double Deductible

BF&M and Argus announced today [Oct 23] that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The insurance companies said two named storms in such a short period is a very unique occurrence, and “two deductibles... Read more of this article

Ignition’s Systems 100% Against Gonzalo

Ignition’s Systems 100% Against Gonzalo

With Hurricane Gonzalo having hit Bermuda hard over the past weekend, Ignition has confirmed that their private cloud systems continued to support their clients without a glitch throughout the storm. A spokesperson said, “As Bermuda continues to deal with the aftermath of Hurricane Gonzalo, Ignition worked around the clock to ensure that all of... Read more of this article

2015 Cruise Schedule: 366,000 Projected Visitors

2015 Cruise Schedule: 366,000 Projected Visitors

The Minister of Tourism Development and Transport Shawn Crockwell revealed today [Oct 23] that the 2015 Cruise Ship Schedule has been finalised. Approximately 366,000 cruise visitors are projected for 2015, higher than the 350,000 projected for 2014. “Bermuda remains a popular cruise destination in regards to our cruise product,” said Minister Crockwell.... Read more of this article

Couple Launches L.E.D. Showroom In Paget

Couple Launches L.E.D. Showroom In Paget

Albert and Theresa Simons officially opened their doors recently to their new LED Showroom, ATS LED Suppliers. The Simons, stated, “We are thrilled to announce the Grand Opening of our new modern L.E.D Showroom in Paget, which is the first of its kind in Bermuda.” On hand at the Grand Opening was Bishop Vernon Lamb of the First Baptist Church on... Read more of this article


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