Hashtag: #BermudaBusiness
Additional Speakers For Bermuda Risk Summit
The Bermuda Business Development Agency [BDA] announced that additional international speakers and partners will participate in Bermuda’s first major in-person risk event since 2019, the Bermuda Risk Summit being held March 14-16, 2022. A spokesperson said, “The BDA also welcomes recent announcements by the Government of Bermuda streamlining arrival... Read more of this article
PwC: M&A Reached Record Heights In 2021
M&A reached record heights in 2021 and deal momentum is set to continue in 2022 fueled by digital acceleration, according to a PwC analysis. A spokesperson said, “A strong deals pipeline, the availability of abundant capital, and an ongoing intense demand for digital and data-driven assets all point to another supercharged year for M&A... Read more of this article
Assurely Working With Relm Insurance Ltd
Assurely of Bermuda has announced an expansion of the group’s TigerMark Directors and Officers insurance program in collaboration with Bermuda-based Relm Insurance Ltd. A spokesperson said, “Assurely of Bermuda, a wholly-owned subsidiary of Assurely, announced an expansion of the group’s TigerMark Directors and Officers [D&O] insurance program... Read more of this article
GDP Increased 3.6% In 3rd Quarter Of 2021
“After adjusting for inflation, the GDP in constant prices increased 3.6% in the third quarter of 2021, reflecting encouraging signs of a rebound in economic activity, compared to 2020,” the Government said today. A Government spokesperson said, “The stats were shared today by the Cabinet Office, as outlined in the 2021 3rd Quarter... Read more of this article
Carlyle And H&F Commit Additional Capital
Vantage Group Holdings announced today that funds managed by Carlyle and Hellman & Freidman have “committed up to an additional $200 million of capital to fund the continuing growth of Vantage, with the majority of the proceeds intended to take advantage of opportunities in its US insurance platform.” A spokesperson said, “Vantage... Read more of this article
Essent Reports Q4 Results & Declares Dividend
Essent Group Ltd. reported net income for the quarter ended December 31, 2021 of $181.0 million or $1.64 per diluted share, compared to $123.6 million or $1.10 per diluted share for the quarter ended December 31, 2020. For the full year 2021, net income was $681.8 million or $6.11 per diluted share, compared to $413.0 million or $3.88 per diluted share... Read more of this article
Video: City Spotlights Scratchie’s Barber Shop
The City of Hamilton has launched a video series entitled “Black History Month Business Spotlight” featuring Black-owned Bermuda businesses with an enduring historical presence in the City, with this episode spotlighting Theodosia Lambert and Scratchie’s Barber Shop. The video’s description says, “In recognition of Black History Month,... Read more of this article
Review: Sung Sing Restaurant In Hamilton
[Written by Dale Butler] Strategically located on the corner of Court and Victoria Streets in Hamilton, opposite the historic St. Paul A.M.E. Church and Dame Lois M. Browne-Evans buildings, is Sung Sing Restaurant, in operation since 1998. With four out of seven restaurants already reviewed along The Heartbeat Restaurant Gateway on Court Street, it... Read more of this article
Shipping Schedule: Week Starting February 12
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, February 12th. On Monday the Oleander container ship is expected, on Tuesday the Empress LNG tanker will arrive, on Thursday the Bermuda Islander container ship is scheduled to arrive and on Thursday the Alexander Von Humboldt... Read more of this article
Triangle Life Appoints Jon Hack As Board Advisor
Triangle Life has appointed Jon Hack as Board Advisor for the company’s “upcoming capital raise.” A spokesperson said, “Triangle Life Ltd., a provider of life insurance products to high-net-worth [HNW] individuals globally through its wholly owned subsidiary, Triangle Life Insurance Co Ltd., today announced the appointment of... Read more of this article
BF&M Share Repurchases For January 2022
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase program, during the month of January 2022 the company repurchased 10,000 common shares at an average price of $23.00. The Company advised the repurchased shares were reserved for issuance. Related Stories Veronica Swan DeGraff Earns BF&M... Read more of this article
Bermuda Stock Exchange Report: Feb 11 2022
February 11 saw 19,559 shares trade on the Bermuda Stock Exchange, valued at $111,293.02 BD. 17,159 shares were traded by Argus Group Holdings Ltd, closing up 1.4% at $6.39 per share, while the other 2,400 shares were traded by Bermuda Aviation Services Ltd, closing even at $1.20 per share. The BSX finished at 2,567.12, up 0.08% on the day. There... Read more of this article
