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PartnerRe: Closing Of Senior Notes Offering

PartnerRe: Closing Of Senior Notes Offering

Bermuda-based PartnerRe Ltd. announced that its subsidiary, PartnerRe Finance B LLC [PRE Finance B], has closed its previously announced offering of $500 million aggregate principal amount of 3.70% Senior Notes due July 2, 2029. The Notes are senior unsecured obligations of PRE Finance B and are fully and unconditionally guaranteed by PartnerRe. As... Read more of this article

Bermuda Stock Exchange Report: June 19 2019

Bermuda Stock Exchange Report: June 19 2019

June 19 saw 2,500 shares trade on the Bermuda Stock Exchange, valued at $90,625.00 BD. 2,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $36.25 per share. The BSX finished at 2,253.68, up 0.50% on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Video: Delegation Opens Toronto Stock Exchange

Video: Delegation Opens Toronto Stock Exchange

Bermuda Finance Minister Curtis Dickinson did the honours at a market-opening ceremony held at the Toronto Stock Exchange [TSX], accompanied by a delegation from the island. The group is in Toronto for a multi-industry forum, hosted today at The Ritz-Carlton by the Bermuda Business Development Agency [BDA], along with related meetings with Canadian... Read more of this article

Six Students Selected For Chubb Internship

Six Students Selected For Chubb Internship

The Chubb Select internship, now in its seventh year, announced their six 2019 interns, with James Amaral, Diarra Franks, Dylan Muldoon, Aaron Rego, Leah Smith, and Danielle Wall all taking part in the programme. Chubb Select is a well-established insurance internship aimed at talented Bermudian university students who are considering a career in the... Read more of this article

A.S. Cooper To Sell Part Of Business To Phoenix

A.S. Cooper To Sell Part Of Business To Phoenix

One of the oldest names in Bermuda’s retail sector, A.S. Cooper & Sons, announced an agreement to sell part of its business to Brown & Co, a subsidiary of The Phoenix Stores Ltd. “Effective September 1, 2019, The Phoenix Stores Ltd will take over the lease, inventory and staff of the A.S. Cooper’s 7,500 square foot, ground floor... Read more of this article

100WF Gala To Support Duke Of Edinburgh

100WF Gala To Support Duke Of Edinburgh

100 Women in Finance [100WF], a global network of professionals in the finance industry, has selected The Duke of Edinburgh Bermuda as the beneficiary for its 2019 gala event, with its Bermuda Summer Sunset at Sandymount, Bailey’s Bay set to be held on June 22. A spokesperson said, “The Duke of Edinburgh’s International Award Bermuda is a... Read more of this article

Carey Olsen Shortlisted For International Award

Carey Olsen Shortlisted For International Award

Carey Olsen is a finalist in the International Legal Team of the Year category at the 2019/20 STEP Private Client Awards, with the company saying it makes it the “only law firm with a Bermuda-affiliated office to gain a nomination in this or any category.” The Society of Trust and Estate Practitioners [STEP] awards, which take place on Wednesday... Read more of this article

Bermuda Stock Exchange Report: June 18 2019

Bermuda Stock Exchange Report: June 18 2019

June 18 saw 2,076 shares trade on the Bermuda Stock Exchange, valued at $10,843.50 BD. 1,966 shares were traded by One Communications Ltd, closing down 2.2% at $3.50 per share, while another 110 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.4% at $36.00 per share. The BSX finished at 2,242.43, up 0.96% on the day. There was 1 advance,... Read more of this article

BF&M Reports First Quarter Earnings Of $4.8M

BF&M Reports First Quarter Earnings Of $4.8M

BF&M Limited today reported shareholders’ net income for the three months ended 31st March 2019 of $4.8 million. Shareholders’ net income for the comparative three month period of 2018 was $3.1 million. Group Chairman and CEO John Wight stated, “BF&M reported good results for the first quarter of 2019. Our earnings were driven by the... Read more of this article

Elliot Students Visit BMA For Currency Lesson

Elliot Students Visit BMA For Currency Lesson

Students from Elliot Primary School visited the Bermuda Monetary Authority for a lesson in Bermuda’s currency. The students were also given an interactive tour of the Authority’s Museum. Ten P2 students from Ms. Bean’s class at Elliot Primary School recently visited the Bermuda Monetary Authority [BMA] for a lesson in Bermuda’s currency and... Read more of this article

Argo Group Adopts AVYST Technology

Argo Group Adopts AVYST Technology

Argo Group International Holdings has adopted “insurtech that enables MGAs, wholesalers, and independent brokers to submit, quote, and bind risks seamlessly, without paper or error.” A spokesperson said, “Argo has deployed AVYST’s bi-directional forms system, eForms Wizard, making it possible for clients and brokers to enter risk... Read more of this article

EY Sponsors 15th Bermuda Captive Conference

EY Sponsors 15th Bermuda Captive Conference

EY recently sponsored and participated in the 15th Annual Bermuda Captive Conference at the Fairmont Southampton. The conference attracted over 800 delegates and included captive insurance owners, risk managers, in addition to audit, legal, banking and support service providers; and provides a forum for promotion, support and growth of the Bermuda’s... Read more of this article

Bermuda Business Delegation Heads To Toronto

Bermuda Business Delegation Heads To Toronto

Finance Minister Curtis Dickinson leads a delegation of government, regulatory and industry representatives to Toronto next week to highlight Bermuda’s close links to Canada and opportunities for bilateral trade and investment. The delegation will take part in a one-day multi-industry forum, hosted by the Bermuda Business Development Agency [BDA]... Read more of this article