Hashtag: #BermudaBusiness

Everest Re Group’s 2016 Second Quarter Results

Everest Re Group’s 2016 Second Quarter Results

Bermuda-based Everest Re Group, Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the second quarter of 2015. After-tax operating income, excluding realized capital gains and losses, was $134.2 million, or $3.17 per diluted... Read more of this article

Column: How Should Bermuda Handle Brexit?

Column: How Should Bermuda Handle Brexit?

[Opinion column written by Gregory Francis] Being There for Brexit Bermuda’s Premier is in the dark about Brexit. So is the UK PM in many respects. But the challenge that Premier Dunkley faces, like all past heads of government, is how to stay informed so that events in London don’t take you by surprise. As Bermuda decides just what it wants from... Read more of this article

16 BFIS Summer Interns Make Presentations

16 BFIS Summer Interns Make Presentations

On Thursday, this summer’s 16 BFIS Interns made presentations to over 50 insurance professionals, former interns and BFIS scholars on what they had learned during their immersion in the insurance markets of Atlanta, Bermuda, Chicago and London. London interns included Rachel Soares [International Business/UWE] and Tatyana Butterfield [RM & Insurance/Temple]... Read more of this article

Bermuda Stock Exchange Report: July 25 2016

Bermuda Stock Exchange Report: July 25 2016

Today [July 25] saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $3,320.00 BD. All 2,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.66 per share. The BSX finished at 1,206.88, up 0.37% on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available  Read More →

Butterfield Bank Reports Second Quarter Profit

Butterfield Bank Reports Second Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced core earnings for the second quarter ended 30 June 2016 of $32.1 million, an improvement of $4.3 million compared to $27.8 million earned in the same quarter a year ago. The core earnings per share increased $0.01 to $0.06 per share. The core return on average tangible common equity improved... Read more of this article

Cabinet Approves School Painting Contracts

Cabinet Approves School Painting Contracts

Earlier this month, Cabinet approved several contracts to local businesses for the painting of Bermuda’s public schools. Last week, Minister of Public Works Craig Cannonier and Minister of Education Wayne Scott toured two of the schools, including Elliot Primary School and Purvis Primary School, where work was well underway. Below is the full... Read more of this article

Conyers To Host Open House For Law Students

Conyers To Host Open House For Law Students

Conyers Dill & Pearman is hosting their annual open house for current and prospective law students on 3 August from 5:30 p.m. to 7:30 p.m. at the firm’s Richmond House location. To register for the event, visit conyersdill.com/events. The event is designed to promote the practice of law in Bermuda and provide young Bermudian students with a unique... Read more of this article

XL  Completes Redomestication To Bermuda

XL Completes Redomestication To Bermuda

XL Group Ltd announced today [July 25] that it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company is XL Group Ltd. XL Group Ltd is registered with the Securities and Exchange Commission under the Securities... Read more of this article

Column: ‘Economic Diversification Via FinTech’

Column: ‘Economic Diversification Via FinTech’

[Opinion column written by Senator Renee Ming] In the 2015 Throne Speech Reply, delivered by Opposition Leader Marc Bean, key references were made to ways in which a PLP government would further economic development in Bermuda. These references were also included in the 2016 Budget Reply by Shadow Finance Minister, Mr. E. David Burt, which laid the... Read more of this article

AIMA Network Announce Executive Committee

AIMA Network Announce Executive Committee

The Bermuda network of the Alternative Investment Management Association [AIMA] announced its newly formed Executive Committee. Appointed Chair, and KPMG Managing Director, Craig Bridgewater said,“We are delighted to confirm that following a soft launch in March, the local AIMA network has established an Executive Committee to oversee the aims and... Read more of this article

Statistics Bulletin: Imports, Employment, Visitors

Statistics Bulletin: Imports, Employment, Visitors

According to the 2016 Q1 Quarterly Bulletin of Statistics, imports increased 2.8%, employment income increased 1.0%, and the Island hosted 32,233 air visitors during the first quarter of 2016, an increase of 11.3% year-over-year. Imports The report said, “Imports increased 2.8% or $6.0 million to $222.1 million. The value of imports increased for... Read more of this article

Agape House Reopens, Renovations Complete

Agape House Reopens, Renovations Complete

The Bermuda Hospitals Board is advising the public that renovations to Agape House have been completed and patients are now back in rooms there. “In February the hospice’s operations temporarily moved inside the King Edward VII Memorial Hospital [KEMH] so that repairs; including electrical, plumbing and flooring upgrades, could be undertaken,”... Read more of this article

Jones: “Only Your Full Potential Is Acceptable”

Jones: “Only Your Full Potential Is Acceptable”

“You become world class by looking in the mirror not gazing out the window” and “only your full potential is acceptable,” Glenn Jones said, telling scholarship recipients it’s in their DNA as they come from a small island that has become one of the world’s leading financial centers and produces world class talent. Mr... Read more of this article