Tag: Bermuda business

Clarien Bank Appoints Thomas Sowanick

Clarien Bank Appoints Thomas Sowanick

Clarien Bank Limited has today announced the appointment of Thomas Sowanick [pictured] as consultant Chief Investment Officer. Mr. Sowanick will be the bank’s lead investment advisor, responsible for advising and supporting senior management with product development, sales and other business functions across the bank. Mr. Sowanick’s appointment... Read more of this article

University’s Catastrophe Analytics Programme

University’s Catastrophe Analytics Programme

The University of Miami [UM] Rosenstiel School of Marine and Atmospheric Science is developing a new Master of Professional Science [MPS] degree track in Natural Hazard and Catastrophe Analytics starting fall semester 2015. UM Professor Dennis Hansell — who spent time in Bermuda in the 1990s as a research scientist at BIOS — said, “I... Read more of this article

Minister Explains Frequency Spectrum Policy

Minister Explains Frequency Spectrum Policy

The Minister of Education and Economic Development, Dr. Grant Gibbons today [Sept 21] released a Policy statement on the allocation, use and pricing of certain portions of Bermuda’s radio frequency spectrum. The Policy sets out the manner in which the Regulatory Authority will allocate frequency bands to wireless telecommunications service providers,... Read more of this article

Bermuda First Investment Company Results

Bermuda First Investment Company Results

Bermuda First Investment Company Limited, a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed companies, have announced its results for the year ended June 30, 2014. Highlights:Profit before unrealized loss on investments for the year ended June 30, 2014 of $1.5 million [2013: $1.0 million]; Revenue... Read more of this article

A.M. Best Assigns Rating To Watford Holding

A.M. Best Assigns Rating To Watford Holding

A.M. Best has assigned an issuer credit rating of “bbb-” to Bermuda-based Watford Holding Ltd. The ratings agency said, “Concurrently a debt rating of “bb” has been assigned to the $225 million 8.5% cumulative preference shares issued earlier in the year when Watford was initially capitalized. The outlook assigned to the ratings is stable. “The... Read more of this article

BILTIR Conference Focuses On Insurance

BILTIR Conference Focuses On Insurance

A major conference focusing on life and annuity reinsurance was held at the Southampton Fairmont Hotel on September 18, bringing together more than 120 attendees for a number of panel discussions on topics relating to the insurance industry.One of the founding directors and president of the life and annuity association Bermuda International Long Term... Read more of this article

Ascendant Group Earnings Decrease 35.2%

Ascendant Group Earnings Decrease 35.2%

The Ascendant Group Limited released their latest financial results, showing their consolidated net earnings for the first six months of 2014 decreased $640,688 [or 35.2%] to $1.2 million, versus $1.8 million for the same period in 2013. The company said that although earnings improved at both Bermuda Gas and AG Holdings, as compared to the prior... Read more of this article

Bermuda Stock Exchange Report: Sept 19 2014

Bermuda Stock Exchange Report: Sept 19 2014

Today [Sept 19] saw the close of the BSX’s week finish with 68,500 shares traded on the day, valued at $236,240.00. 50,000 shares were traded by Bank of N.T. Butterfield Ltd, closing at $1.99 per share, even on the day. Another 100 shares were traded by Somers Limited, closing at an even $14.50 per share. 10,000 shares were traded by Ascendant... Read more of this article

Polaris Appoints Linda Amaral As Comptroller

Polaris Appoints Linda Amaral As Comptroller

Polaris Holding Company Limited have appointed Linda Amaral as Comptroller for Polaris and its related subsidiaries. Warren Jones, CEO of Polaris Holding Company Limited said, “We are pleased to have Mrs. Amaral join the Polaris Group as Comptroller. “She brings broad experience and knowledge to the Group. We are looking forward to further strengthening... Read more of this article

Digicel Acquires SportsMax & CEEN-TV

Digicel Acquires SportsMax & CEEN-TV

Digicel announced that it has acquired majority ownership and control of St. Lucia-based International Media Content Ltd., parent company of regional sports broadcaster, SportsMax, and North American broadcaster CEEN-TV, for an undisclosed sum. A spokesperson said, “Under the terms of the deal, the founder and a number of the lead principals will... Read more of this article


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