Tag: #BermudaBusiness

Hamilton Completes Acquisition of Sportscover

Hamilton Completes Acquisition of Sportscover

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and the US, has completed the acquisition of Sportscover Underwriting Limited, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s insurance broker. Former CEO of Torus’ International... Read more of this article

Appleby Advised Montpelier For Acquisition

Appleby Advised Montpelier For Acquisition

 Appleby acted as counsel to Montpelier Re Holdings Ltd. in relation to its sale to the Endurance Speciality group for a purchase price to be satisfied by a mixture of shares and cash which values Montpelier at c.USD1.83bn and structured by way of merger with an Endurance subsidiary. Under the terms of the agreement, Montpelier shareholders will... Read more of this article

Northern Offshore Negotiated Delay of Deliveries

Northern Offshore Negotiated Delay of Deliveries

Northern Offshore, Ltd. has negotiated a nine month delay in the deliveries of its high specification jackups, Energy Engager and Energy Encounter from a shipyard in China. The new delivery dates for these units are December 2016 and June 2017 respectively. President and CEO Gary Casswell commented “We sincerely appreciate the cooperation of our... Read more of this article

Bermuda Stock Exchange Report: Mar 31 2015

Bermuda Stock Exchange Report: Mar 31 2015

Today [Mar 31] saw a volume of 21,517 shares trade on the Bermuda Stock Exchange, valued at $42,620.15 BD. 21,500 shares were traded by Bank of N.T. Butterfield Limited, closing up 0.5% at $1.98 per share, while the other 17 shares were traded by KeyTech Ltd, closing at an even $3.00 per share. The BSX closed at 1,346.38, up 0.35% even on the day. There... Read more of this article

Endurance To Acquire Montpelier Re Holdings

Endurance To Acquire Montpelier Re Holdings

The mergers in Bermuda’s re/insurance industry continue, with Endurance Specialty Holdings Ltd and Montpelier Re Holdings Ltd today [Mar 31] announcing that they have entered into a definitive merger agreement in which Endurance will acquire Montpelier. Endurance will acquire Montpelier for consideration of 0.472 shares of Endurance and $9.89... Read more of this article

Changes To Aspen’s Investor Relations Team

Changes To Aspen’s Investor Relations Team

Aspen Insurance Holdings Limited announced changes in its Investor Relations team.Kerry Calaiaro, Senior Vice President, Investor Relations, has decided to retire after over four years at Aspen and will leave the Company at the end of April. Kathleen de Guzman, currently Vice President, Investor Relations, will succeed Kerry in heading up Aspen’s... Read more of this article

Bacardi Acquires ANGEL’S ENVY Bourbon

Bacardi Acquires ANGEL’S ENVY Bourbon

Bermuda-based Bacardi Limited has expanded its portfolio of super-premium spirits with the acquisition of Louisville-based Angel’s Share Brands, its subsidiary, Louisville Distilling Co., and its Angel’s Envy™ brand. This deal marks the Company’s entry into the bourbon category of the North American whiskey sector. Bacardi CEO Mike Dolan... Read more of this article

Bermuda Stock Exchange Report: Mar 30 2015

Bermuda Stock Exchange Report: Mar 30 2015

Today [Mar 30] saw a volume of 11,340 shares trade on the Bermuda Stock Exchange, valued at $22,339.80 BD. All 11,340 shares were traded by Bank of N.T. Butterfield Limited, closing at an even $1.97 per share. The BSX closed at 1,341.66, also even on the day. There were 0 advances, 0 declines, and 71 remained unchanged. The full report from the BSX... Read more of this article

BDA To Host Webinar On Captive Companies

BDA To Host Webinar On Captive Companies

An upcoming how-to webinar explaining the basics of setting up a captive insurance company in Bermuda will be aiming to attract new business to the island from Canada when it takes place on April 9. The Bermuda Business Development Agency has teamed with local industry experts to create and host “Bermuda Captive 101,” an hour-long webinar... Read more of this article

Marcus Restaurant To Open At Hamilton Princess

Marcus Restaurant To Open At Hamilton Princess

The Hamilton Princess today announced that their new signature restaurant to be managed by acclaimed chef Marcus Samuelsson will be named Marcus’. Marcus’ is set to open at the hotel on May 27 and will include some dishes that were featured in last summer’s pop-up restaurant, Samuelsson at HP. Marcus’ will offer a vibrant menu hand crafted... Read more of this article


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