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PartnerRe Reports Fourth Quarter 2015 Results

PartnerRe Reports Fourth Quarter 2015 Results

Bermuda-based PartnerRe Ltd. reported net income of $162.3 million, or $3.30 per share for the fourth quarter of 2015. This includes net after-tax realized and unrealized losses on investments of $22.8 million, or $0.46 per share. Net income for the fourth quarter of 2014 was $262.7 million, or $5.26 per share, including net after-tax realized and... Read more of this article

Seminar: Understanding Govt Tendering Process

Seminar: Understanding Govt Tendering Process

On Thursday, February 18th, the Bermuda Economic Development Corporation [BEDC] will host a seminar & workshop — entitled Understanding the Government Procurement and Tendering Process – to help explain the process of submitting bids for Government projects. The seminar will be held at the Bermuda Industrial Union from 8:00am – 11:00am... Read more of this article

Bermuda Stock Exchange Report: Feb 8 2016

Bermuda Stock Exchange Report: Feb 8 2016

Today [Feb 8] saw 1,406 shares trade on the Bermuda Stock Exchange, valued at $5,428.25 BD. All 1,406 shares were traded by Argus Group Holdings Ltd, closing down 1.3% at $3.85 per share. The BSX finished at 1,219.20, up 0.08% on the day. There were 0 advances, 1 decline, and 65 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

A.S. Cooper Relocates Children’s Department

A.S. Cooper Relocates Children’s Department

A.S. Cooper & Sons, Ltd. has relocated their Children’s Department from 27 Front Street, across from the Ferry Terminal to a new home on the 2nd floor of the A.S. Cooper Main Store building. The new department called “Kid’s on 2” will be fully operational and open for business on Tuesday, February 9th. Kid’s on 2 occupies about half the... Read more of this article

Land Tax Payment Deadlines Advisory

Land Tax Payment Deadlines Advisory

The Office of the Tax Commissioner has advised that Land Tax Demand Notices for the period 1 January – 30 June 2016 will be distributed over the next few weeks with payment deadlines as follows:“If you are the owner or deemed owner of a property and do not receive a demand notice within four weeks of the payment due date for your Section,... Read more of this article

American Airlines To Introduce Additional Flight

American Airlines To Introduce Additional Flight

Commencing February 15th, American Airlines will operate a second flight between Bermuda and New York’s John F. Kennedy International Airport. Flight 1428 will depart JFK at 12 noon and arrive in Bermuda at 3:00 pm. The return flight departs Bermuda at 4:00 pm arriving in New York at 5:35 pm. The flight will operate every day except Tuesdays through... Read more of this article

Videos: Hamilton Re Spotlights Employees

Videos: Hamilton Re Spotlights Employees

As Insurance Careers Month — a major multi-phased collaborative effort to help raise awareness of insurance as a career choice — gets underway, Hamilton Re has released videos spotlighting some of their employees. “Meet Hamilton Re’s Kelli Nusum, Assistant Vice President, Operations and Claims and an all round Bermuda athlete... Read more of this article

Aspen Insurance Declares Dividends On Shares

Aspen Insurance Declares Dividends On Shares

The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.21 per ordinary share. The dividend is payable on March 8, 2016 to the holders of record as of the close of business on February 19, 2016. Aspen’s Board of Directors also declared a dividend on its 7.401% Perpetual Non-Cumulative... Read more of this article

‘Criminal Acts Against Business Establishments’

‘Criminal Acts Against Business Establishments’

“The PLP supports all steps being taken by the retail industry to combat what appears to be a rise in criminal acts against business establishments in recent months,” Shadow Minister of Home Affairs Walter Roban said, adding that “we are all alarmed at the robbery attempts on a variety of businesses in the year 2015 and this has unfortunately... Read more of this article

Stevedoring Services Signs Five Year Lease

Stevedoring Services Signs Five Year Lease

Stevedoring Services Ltd [SSL] will continue to operate the Hamilton docks for the next 5 years after today signing a new lease with the Corporation of Hamilton. The company, a subsidiary of Polaris Holding Company Ltd, has been responsible for dock operations for more than 15 years. Mayor of Hamilton Charles Gosling says, “The atmosphere on the... Read more of this article

Aspen Insurance Net Income: $117.9 Million

Aspen Insurance Net Income: $117.9 Million

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $117.9 million, or $1.75 per diluted share, and operating income after tax of $84.0 million, or $1.21 per diluted share, for the fourth quarter of 2015. Chris O’Kane, Chief Executive Officer, commented, “2015 was a year of significant progress across Aspen. We continued... Read more of this article

Everest Re Group Reports 2015 Q4 Earnings

Everest Re Group Reports 2015 Q4 Earnings

Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2015 after-tax operating income1 available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders... Read more of this article

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