Archive for March, 2017
Novae Quota Share Agreement With Fidelis
Novae Group plc, the specialist listed Lloyd’s insurer, has entered into a quota share agreement with Fidelis Insurance Bermuda Limited [FIBL] covering Syndicate 2007’s US Property Catastrophe Treaty excess of loss portfolio for 2017. Richard Holden, Head of North American Underwriting at FIBL, commented: “We have great respect for the Lloyd’s... Read more of this article
Photos: BLTA Under 12 ITF Tennis Trials
The Bermuda Lawn Tennis Association continued trials for players looking to represent Bermuda in the Under 12 ITF/COTECC World Junior Tennis Championships, with three matches on tap on the second day of action at the WER Joell Tennis Stadium. Matthew Way defeated Kallan Richardson in a three set battle that took 2 hours and 50 minutes, 6-3, 2-6, 7-5. A... Read more of this article
Athene Holding Announce Pricing & Upsizing
Bermuda-based Athene Holding Ltd. announced the pricing of an underwritten secondary offering of 27,500,000 of its Class A common shares, an increase of 2,500,000 Class A common shares from the original offering amount, at a price to the public of $48.50 per share. All of the Class A common shares are being sold by certain shareholders of Athene, and... Read more of this article
Ministry: Bus Cancellations For Thursday
The bus cancellations continue again this morning [March 30], with the Ministry of Transport advising that there are six bus cancellations. The list of Bus Route Cancellations for Thursday morning: Route # 1 Hamilton to Grotto Bay 7:15 Route # 1 Grotto Bay to Hamilton 7:10 & 8:10 Route # 2 Hamilton to Ord Road 7:35 Route # 9 Hamilton... Read more of this article
A.M. Best Affirms Ratings Of Third Point Re
A.M. Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” of Third Point Reinsurance Company Ltd. [TPRCL] [Bermuda] and Third Point Reinsurance [USA] Ltd. [TPRUSA] [Bermuda]. A.M. Best also has affirmed the Long-Term ICRs of “bbb-” of Third Point Re [USA] Holdings,... Read more of this article
Bermuda Stock Exchange Report: March 29 2017
March 29 saw 3,634 shares trade on the Bermuda Stock Exchange, valued at $94,017.00 BD. 1,952 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.0% at $30.50 per share, while another 1,682 shares were traded by BF&M Ltd, closing down 1.2% at $20.50 per share. The BSX finished at 1,895.46, up 0.61% on the day. There was 1 advance, 1... Read more of this article
Driver Arrested After Truck Crashes/Overturns
[Updated] Emergency services responded to a collision in Southampton at approximately 11.30pm tonight [March 29] which resulted in an overturned truck and two female occupants being injured. An initial fuel leak from the overturned truck was dealt with by Bermuda Fire & Rescue Service personnel, and a nearby property was also damaged. Police Media... Read more of this article
Thomas Cook Flight Diverts For Sick Passenger
Thomas Cook flight #2843 landed at the LF Wade International Airport tonight [March 29] after a passenger on board took ill. The flight which originated from Cancun, Mexico was on its way to Manchester, England when the pilot diverted to Bermuda to disembark the sick passenger. Bermuda Fire & Rescue Service personnel and an ambulance were at the... Read more of this article
BFRS Respond To ‘Hazardous Materials Incident’
At 5:24pm this evening [March 29] the Bermuda Fire & Rescue Service responded to a “hazardous materials incident” at a facility in Southside, with the BFRS confirming that staff members evacuated the building after an “unknown substance started to release what was deemed to be toxic smoke and fumes.” - Fire Service spokesperson... Read more of this article
BFRS Extinguish Vehicle Fire In Southampton
At approximately 4:44pm today [March 29], the Bermuda Fire and Rescue Service responded to a report of a vehicle fire on Wellmans Lane in Southampton. According to Fire Service spokesperson Staff Officer Delton White the “vehicle was reported to have visible flames and smoke emitting from the cab.” - “The Fire Service responded with... Read more of this article
BPS Investigate ‘Unconfirmed Firearm Incident’
Police continue their inquiries into an “unconfirmed firearm incident” in which a 30-year-old man was driving a car along Mangrove Bay Road on Monday when “the vehicle was damaged.” Police attended the scene, however “there was no evidence to substantiate that a firearm was discharged at that time,” and the driver... Read more of this article
30 Minute Video: March 29 ZBM Evening News
With an aim to expand the way they deliver their news to the community, the Bermuda Broadcasting Company is continuing to live stream their evening news programme online for viewers both on the island and abroad. The live video will begin at 7.00pm, and play to 7.30pm, and then the replay will be available: Related Stories 30 Minute Video: Dec 30... Read more of this article
