Tag: Bermuda business

Bermuda Stock Exchange Report: July 30 2014

Bermuda Stock Exchange Report: July 30 2014

Today [July 30] saw the close of the BSX’s week finish with 272,597 shares traded on the day, valued at $590,080.82. 250,246 shares were traded by Bank of N.T. Butterfield Ltd, closing at $2.00 per share, up 0.5% on the day. 15,551 shares were traded by Polaris Holding Co. Ltd, closing at an even $3.05 per share. The other 6,800 shares were traded... Read more of this article

BFIS Summer Interns Make Presentations

BFIS Summer Interns Make Presentations

On July 28, the Bermuda Foundation for Insurance Studies [BFIS] Overseas Summer Interns made presentations to about 40 students and insurance professionals on what they learned after being immersed in the insurance sectors in Atlanta, Chicago, and London for two weeks earlier in July. “This was a wonderful, life-changing opportunity,” said one... Read more of this article

BMA Stats Show Bermuda’s ‘Continued Strength’

BMA Stats Show Bermuda’s ‘Continued Strength’

First half statistics recently released by the Bermuda Monetary Authority [BMA] ”demonstrate the continued strength of Bermuda’s financial services industry and its ability to generate growth despite the uncertain global outlook,” the BMA said. Shelby Weldon, Director of Licensing & Authorisations at the Authority, said, “The... Read more of this article

PartnerRe Ltd. 2014 Q2 Net Income: $257.7M

PartnerRe Ltd. 2014 Q2 Net Income: $257.7M

Bermuda-based PartnerRe Ltd. reported net income of $257.7 million, or $5.02 per share for the second quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $123.7 million, or $2.41 per share. The net loss for the second quarter of 2013 was $190.4 million, or $3.37 per share, including net after-tax realized and... Read more of this article

Aspen U.S. Appoints Jeff Canfield As Senior VP

Aspen U.S. Appoints Jeff Canfield As Senior VP

Aspen U.S. Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, announced that Jeff Canfield has joined as Senior Vice President, Product Line Leader, Excess Casualty. Reporting to Roxanne Mitchell, Executive Vice President, Casualty, Jeff will lead Excess Casualty, one of the four product lines within the new... Read more of this article

Blue Capital Global Re Declares $0.032 Dividend

Blue Capital Global Re Declares $0.032 Dividend

Bermuda-based Blue Capital Global Reinsurance Fund Limited has declared its interim dividend in respect of the six months ended 30 June, 2014, of US $0.032 per Share, payable on 22 August, 2014, to Shareholders on the register on 8 August, 2014. The ex-dividend date will be 6 August,2014. Related PostsBlue Capital Completion of Placing... Read more of this article

Allied World Launch Architects/Engineers Liability

Allied World Launch Architects/Engineers Liability

Allied World Assurance Company Holdings, AG announced that Allied World North America launched its new Architects and Engineers Professional Liability line of business for the U.S. market. Coverage will be offered for four distinct areas, within the construction industry: architects and engineers professional liability, constructors professional liability,... Read more of this article

Bermuda Stock Exchange Report: July 29 2014

Bermuda Stock Exchange Report: July 29 2014

Today [July 29] saw a volume of 30,645 shares trade on the Bermuda Stock Exchange, valued at $87,830.35 BD. 21,000 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $1.99 per share. Another 700 shares were traded by Somers Limited, closing up 0.1% at $14.50 per share. The final 8,945 shares were traded by Keytech Ltd, closing at... Read more of this article

Minister Updates On Morgan’s Point Progress

Minister Updates On Morgan’s Point Progress

The remediation of parcels A and B at Morgan’s Point has been completed and that those areas of the site are ready to be handed over to the developers, Minister of Public Works Patricia Gordon-Pamplin said this afternoon [July 29]. The Minister said, “You will be aware that the Government, in 2011, passed the Morgan’s Point Act, which was... Read more of this article

Butterfield Bank 2014 Q2 Net Income: $27.5M

Butterfield Bank 2014 Q2 Net Income: $27.5M

The Bank of N.T. Butterfield & Son Limited today announced net income for the second quarter ended 30 June 2014 of $27.5 million [$0.04 per share on a fully diluted basis] compared to $32.9 million [$0.05 per share on a fully diluted basis] in the same quarter a year ago. Core earnings for the second quarter were $26.0 million, an improvement of... Read more of this article


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