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Bermuda Stock Exchange Report: May 2 2016

Bermuda Stock Exchange Report: May 2 2016

Today [May 2] saw 200 shares trade on the Bermuda Stock Exchange, valued at $330.00 BD. All 200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.65 per share. The BSX finished at 1,168.76, up 0.38% on the day. There was 1 advance, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Finance Minister: S&P Rating Is ‘Positive News’

Finance Minister: S&P Rating Is ‘Positive News’

Deputy Premier and Minister of Finance Bob Richards today welcomed a new sovereign ratings notification from the Standard & Poor’s rating agency. S&P affirmed Bermuda’s rating at A+ and maintained our stable outlook. Minister Richards said: “The key drivers that were listed as the reasons for the affirmation are improving fiscal deficits... Read more of this article

Workplace Anti-Bullying & Harassment Campaign

Workplace Anti-Bullying & Harassment Campaign

Saying they believe that “all workers have the right to be treated with dignity and respect at work” and “workplace bullying and harassment should never be tolerated,” the Bermuda Public Services Union [BPSU] has launched a ”Workplace Anti-Bullying and Harassment” campaign. The Union said, “The BPSU believes that all... Read more of this article

‘Shopping Soirée’ To Feature Designer Footwear

‘Shopping Soirée’ To Feature Designer Footwear

A “VIP shopping soirée” called the Spring Fling will be held on Thursday, May 19, featuring the limited edition pavé collection of footwear by Stuart Weitzman. The event will be held from 7.30pm to 9.30pm at Perry Footwear and Collections in Hamilton. In describing the line, a spokesperson said, “Sexy, strappy, sleek, and minimal... Read more of this article

Offshore Centres: ‘Separating Fact From Fiction’

Offshore Centres: ‘Separating Fact From Fiction’

“The saga of the Panama Papers has ignited a sensationalistic firestorm that threatens many reputations,” BDA CEO Ross Webber said at a speech in London, adding that “I’m sure anyone here from an offshore centre will agree we have all been the convenient whipping boys for hypocritical nations, self-serving politicians, and crusading... Read more of this article

Aspen Re Appoint Cardona As Managing Director

Aspen Re Appoint Cardona As Managing Director

Aspen Insurance Holdings Limited announced that its reinsurance segment, Aspen Re has appointed Hugo A. Cardona as Managing Director for Latin America and Caribbean. Mr Cardona will join Aspen on May 2 from Odyssey Reinsurance Company where he was Chief Underwriting Officer and Senior Vice President, Latin America, Brazil & Caribbean. He succeeds... Read more of this article

Butterfield Acquires Bermuda Trust Company

Butterfield Acquires Bermuda Trust Company

The Bank of N.T. Butterfield & Son Limited announced that it has completed the acquisition of Bermuda Trust Company Ltd and the private banking investment management operations of HSBC Bank Bermuda Limited. It was announced on 27 October 2015 that Butterfield had agreed to acquire those businesses and additionally take on select HSBC Bermuda private... Read more of this article

Standard & Poor’s Affirms Bermuda’s A+ Rating

Standard & Poor’s Affirms Bermuda’s A+ Rating

Standard & Poor’s has affirmed its ‘A+’ long-term issuer credit and senior unsecured debt ratings on Bermuda, saying that “Bermuda’s six-year long economic contraction has come to an end.” The ratings agency said, “On April 28, 2016, Standard & Poor’s Ratings Services affirmed its ‘A+’... Read more of this article

Bermuda Stock Exchange Report: April 29 2016

Bermuda Stock Exchange Report: April 29 2016

Today [Apr 29] saw 83,872 shares trade on the Bermuda Stock Exchange, valued at $178,883.60 BD. 50,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.6% at $1.64 per share, while the other 18,372 shares were traded by LOM Financial, closing even at $2.30 per share. 10,000 shares were traded by Argus Group Holdings Ltd, closing down... Read more of this article

Delegation To Promote Bermuda In Canada

Delegation To Promote Bermuda In Canada

The Bermuda Business Development Agency [BDA] will lead a team of industry and regulatory experts to Toronto next month to detail the benefits to Canadian corporations of setting up captive insurance companies in Bermuda. The panel will host an informative Executive Forum in downtown Toronto Tuesday, May 10, in which representatives will outline the... Read more of this article

LOM Financial Limited’s 2015 Financial Results

LOM Financial Limited’s 2015 Financial Results

In a filing with the Bermuda Stock Exchange LOM Financial Limited announced the financial results to fiscal year end 31 December 2015. In a letter to shareholders, the Company’s CEO stated: To our Shareholders: LOM remains focused on growing our discretionary asset management division. Over 2015 our asset management revenues rose 15% and I am pleased... Read more of this article

XL Catlin 2016 Q1 Net Income: $103.4 Million

XL Catlin 2016 Q1 Net Income: $103.4 Million

XL Group plc reported its first quarter results for 2016, with an operating net income of $103.4 million, or $0.35 per share, for the quarter on a fully diluted basis Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said: “XL Catlin navigated the challenging conditions of the first quarter, producing good underlying... Read more of this article

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