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Fitch Ratings On Reinsurance, Bermuda, M&A

Fitch Ratings On Reinsurance, Bermuda, M&A

“The Bermuda [re]insurance market remains viable in the face of declining profitability despite challenging market conditions and increased potential political threats from the U.S,” Fitch Ratings said. “Bermuda’s reputation for a strong and efficient regulatory framework benefits the island’s [re]insurance market,”... Read more of this article

Photos: Auto Solutions Hosts ‘Tailgate Party’

Photos: Auto Solutions Hosts ‘Tailgate Party’

Auto Solutions hosted an NFL Tailgate Party yesterday [Jan 22], featuring big screen TVs to view the game, food and beverages; with all proceeds from the event to be donated to the Reading Clinic. People followed the largely American tradition of ‘tailgating’ in a parking lot while enjoying an NFL football game. Twilight Entertainment provided... Read more of this article

‘Unlocking Property’s Potential: Vacation Rentals’

‘Unlocking Property’s Potential: Vacation Rentals’

The PLP will be hosting the first of their Economic Empowerment Series sessions this Thursday evening [Jan 26], with a panel discussion on “Unlocking Your Property’s Potential: Vacation Rentals” to be held at the Prospect Primary School auditorium.A spokesperson said, “The PLP will be hosting a Panel Discussion & Forum... Read more of this article

Clarien Raises $14,810 For Meals On Wheels

Clarien Raises $14,810 For Meals On Wheels

The annual Holiday GiveBack Campaign held by Clarien Bank raised almost $15,000 for Meals on Wheels. Clarien Bank CEO Ian Truran today presented Allison Garland, Volunteer Services coordinator of Meals on Wheels, and Alexa Petty, Operations and Food Services of Meals on Wheels, with a cheque for $14,810. Since 2010, the annual campaign has donated more... Read more of this article

Charter Plane Brings In Fibre Network Specialists

Charter Plane Brings In Fibre Network Specialists

Following the arrival of a charter plane last night [Jan 21] carrying approximately 75 people, the Ministry of Home Affairs confirmed that Digicel applied for “just over 80 short-term permits, with a maximum number not to exceed 85, for a maximum period of 6 months with no renewal or long-term application being permitted.” The Ministry noted,... Read more of this article

ASC Agreement With Cinium Financial Services

ASC Agreement With Cinium Financial Services

Accredited Surety and Casualty Company, Inc. [ASC], a subsidiary of Randall & Quilter [R&Q], has entered into an agreement with Cinium Financial Services Corp. [Cinium]. Cinium specializes in providing surety bonds to small and mid-size companies in the “non-standard” surety market. ASC will retain a small percentage of the business combined... Read more of this article

Endurance’s Cyber Extortion Response Service

Endurance’s Cyber Extortion Response Service

Bermuda-based Endurance Specialty Holdings has introduced a new service enabling its insureds to better respond to ransomware and similar extortion events. Endurance’s Breach Assist Counsel, Mullen Coughlin LLC coordinates with leading providers of forensic and response services to assist Endurance’s clients in the event of a data breach... Read more of this article

Bermuda Stock Exchange Report: Jan 20 2017

Bermuda Stock Exchange Report: Jan 20 2017

January 20 saw 8,786 shares trade on the Bermuda Stock Exchange, valued at $176,201.60 BD. 3,831 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $32.00 per share, while another 2,022 shares were traded by Watlington Waterworks Ltd, closing even at $20.30 per share. 1,833 shares were traded by KeyTech. Ltd, closing down 0.1% at $2.51... Read more of this article

The Black Collective Market Returns For Winter

The Black Collective Market Returns For Winter

The Black Collective will host a series of vendor markets during the winter months at the Verandah at 135 Front Street. Beginning in 2016, the group hosted the inaugural African Rhythms Extravaganza and Fashion Show at the Pembroke Community Centre. This was followed by the Saturday Vendor Markets, which took place Saturdays from July to the end of... Read more of this article

Bermuda To Host New Insurance Conference

Bermuda To Host New Insurance Conference

Bermuda is set to host a new insurance market conference this spring, catering to sophisticated buyers for major hospital systems, long-term care facilities, physicians groups and health benefits and services providers from North American healthcare markets. Sponsored by the Bermuda Business Development Agency (BDA), the Bermuda Healthcare Forum, scheduled... Read more of this article

Bermuda Stock Exchange Report: Jan 19 2017

Bermuda Stock Exchange Report: Jan 19 2017

January 19 saw 9,436 shares trade on the Bermuda Stock Exchange, valued at $227,004.00 BD. 5,659 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.50 per share, while another 1,300 shares were traded by Argus Group Holdings Ltd, closing up 3.2% at $4.54 per share. 1,877 shares were traded by BF&M Ltd, closing at an even $20.50... Read more of this article

Clarien & BHC Offering Mortgage Programme

Clarien & BHC Offering Mortgage Programme

Clarien Bank and the Bermuda Housing Corporation [BHC] announced they are to “partner in an innovative new programme to enable more Bermudians to own their own homes.” “Under the HomeStart programme, Clarien is making $25 million worth of new mortgages available with up to 100% financing available to existing BHC tenants or clients... Read more of this article

LOM Fixed Income Maintains Five Star Rating

LOM Fixed Income Maintains Five Star Rating

Despite a sharp fixed income market selloff accompanied by a Fed rate hike during the last quarter of 2016, the LOM Fixed Income Fund managed to finish another strong year, outperforming its stated benchmark and other competitor funds with similar mandates. Bryan Dooley, Senior Portfolio Manager and General Manager of LOM Asset Management said: “For... Read more of this article