Tag: Bermuda business

Bermuda Stock Exchange Report: April 23 2014

Bermuda Stock Exchange Report: April 23 2014

Today [Apr 23] saw a volume of 5,300 shares trade on the Bermuda Stock Exchange, valued at $24,145.00 BD. 800 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, even on the day. The final 4,500 shares were traded by KeyTech Ltd, which closed at $5.01 per share, also even on the day. The BSX closed at 1,420.64,... Read more of this article

Platinum Increase Share Repurchase Amount

Platinum Increase Share Repurchase Amount

Bermuda-based Platinum Underwriters Holdings has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. This represents an increase of approximately $154.8 million from the approximately $95.2 million remaining in the program through April 22, 2014. Repurchases under the... Read more of this article

Fitch Affirms Everest’s Re Group Ratings

Fitch Affirms Everest’s Re Group Ratings

Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries [Everest], including the Issuer Default Rating [IDR] at ‘A+’, and the Insurer Financial Strength [IFS] rating at ‘AA-’. The Rating Outlook is Stable. The ratings agency... Read more of this article

Bermuda Stock Exchange Report: April 22 2014

Bermuda Stock Exchange Report: April 22 2014

Today [Apr 22] saw a volume of 570 shares trade on the Bermuda Stock Exchange, valued at $2,644.91 BD. 70 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, even on the day. The final 500 shares were traded by KeyTech Ltd, which closed at $5.01, down 2.0%. The BSX closed at 1,420.64, down 0.09% from yesterday’s... Read more of this article

BF&M Announce 2013 Earnings Of $25.2 Million

BF&M Announce 2013 Earnings Of $25.2 Million

BF&M Limited has released its 2013 fiscal numbers, showing that shareholders’ net income for the year ended December 31, 2013 was $25.2 million, resulting in an annualized return on shareholders’ equity of 11.7 percent. Shareholders’ net income for the comparative period of 2012 was $21.9 million. President & CEO, John Wight [pictured]... Read more of this article

Coral Beach Appoint New Assistant Manager

Coral Beach Appoint New Assistant Manager

Coral Beach Club has appointed Peter Kyle [pictured left] as its new Assistant General Manager. Tim Thuell, Managing Director of Coral Beach Club, said, “We are thrilled to have Peter join us at Coral Beach Club. With local and international hotel experience at luxury AA four diamond properties, we are sure he will be an asset to our team.” A... Read more of this article

IoD Finance for Non-Financial Directors Course

IoD Finance for Non-Financial Directors Course

The Institute of Directors [IoD] Bermuda branch is getting set to host the Finance for Non-Financial Directors course on May 15, 16, and 17, 2014. A spokesperson said, “Competent fiduciary oversight is a core responsibility of directors. The Finance for Non-Financial Directors course provides vital knowledge of the financial terms and concepts... Read more of this article

Capital G Bank Rebrands As Clarien Bank

Capital G Bank Rebrands As Clarien Bank

[Updated with photos] Clarien Group Limited announced that they will be renaming Capital G Bank to Clarien Bank Limited. This includes all subsidiary companies: Capital G Investments Limited, Capital Trust Limited, Capital G BSX Services Limited, CGI Nominees Limited and Capital G Brokerage Limited. Clarien said, “The Group combines unrivalled... Read more of this article

Bermuda Stock Exchange Report: April 21 2014

Bermuda Stock Exchange Report: April 21 2014

Today [Apr 21] saw a volume of 16,196 shares trade on the Bermuda Stock Exchange, valued at $90,431.56 BD. 9,200 of those shares were traded by Bank of N.T. Butterfield, which closed at $2.00 per share, down 2.4% on the day. 2,900 shares were traded by BF&M Ltd, closing at $17.50 per share, up 2.9% on the day. Another 500 shares were traded by... Read more of this article

Aspen Hits Back After Endurance’s Proposal

Aspen Hits Back After Endurance’s Proposal

Yesterday [Apr 20] Aspen Insurance Holdings Ltd. issued a letter to shareholders regarding a previously disclosed unsolicited proposal from Endurance Specialty Holdings Ltd. to acquire Aspen for $3.2 billion. The two Bermuda-based re/insurers have been going back and forth since Aspen unanimously rejected Endurance’s proposal earlier this month. Glyn... Read more of this article


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