Archive for January, 2018
AXIS Capital Finality On Legacy Novae Business
AXIS Capital Holdings Limited announced that AXIS Managing Agency Ltd, a subsidiary of AXIS Capital and the managing agent of Syndicate 2007 has entered into an agreement for the Reinsurance to Close [RITC] of the 2015 and prior years of account of Syndicate 2007. “This RITC transaction covers the net reserve for losses and loss expenses associated... Read more of this article
Information Commissioner’s ‘Monthly Roundup’
The Information Commissioner’s Office has released the first edition of their “Monthly Roundup,” which they said is “intended to keep you up to date with the work of the Information Commissioner’s Office.” “We will share newly released Information Commissioner’s Decisions, informal resolution outcomes, new guidance... Read more of this article
Validus Cancels Financial Results Call/Webcast
In light of its definitive agreement to be acquired by American International Group [AIG], Validus is canceling its fourth quarter and year end 2017 conference call and webcast that was previously scheduled for Friday, February 2, 2018. Validus will issue its fourth quarter 2017 results earnings release and related SEC filings as previously scheduled... Read more of this article
Bermuda Stock Exchange Report: Jan 29 2018
January 29 saw 14,850 shares trade on the Bermuda Stock Exchange, valued at $249,944.50 BD. 4,800 shares were traded by Somers Limited, closing down 1.7% at $14.25 per share, while another 4,250 shares were traded by Argus Group Holdings Ltd, closing down 3.3% at $3.77 per share. 3,600 shares were traded by Bank of N.T. Butterfield Ltd, closing up... Read more of this article
Enstar Reinsures £840M Novae Legacy Portfolio
Enstar Group Limited announced that its Lloyd’s managing agency, StarStone Underwriting Limited, has finalized a reinsurance-to-close transaction with AXIS Managing Agency Limited under which Enstar’s Syndicate 2008 will reinsure to close the 2015 and prior underwriting years of account of Novae Syndicate 2007. Enstar will assume net reinsurance... Read more of this article
Transcription: UK Debate On SSM In Bermuda
“The Government are giving careful consideration to Bermuda’s Domestic Partnership Bill in order to assess its implications in relation to our collective international obligations and our constitutional relationship with Bermuda,” Minister for Europe and the Americas Sir Alan Duncan said in the British House of Commons. “We are obviously... Read more of this article
Saltus & Warwick Academy Road Race Results
Two schools held road races on the same day, with both Saltus Grammar School and Warwick Academy having runners take to the road. Rose-Anna Hoey won the Saltus Grammar School 5K Adult Run stopping the clock in a time of 21:14, Leana Coetsee was second in 22:17, and Matthew Viney was third clocking a time of 22:31. The Warwick Academy Adult 1.5K was... Read more of this article
Minister On Cervical Health Awareness Month
Cervical Health Awareness Month is drawing to a close, and Minister of Health Kim Wilson recently delivered a talk on cervical cancer at an event organised by Bermuda Cancer and Health Centre and the Department of Health. Minister Wilson said, “We have all heard the expression: ‘To be forewarned is to be forearmed.” This is a phrase that’s... Read more of this article
Field Hockey: Ravens, Mixed A & B Team Win
Three games were played in Bermuda Hockey Federation action at the National Sports Center with 20 goals scored. Canaries 0 Ravens 1 The lone goal in this game came off the stick of Mollie O’Donnell in the 35th minute from a Penalty Corner. Pink Robins 4 Mixed A Team 6 The Mixed A Team outscored the Pink Robins 6-4, the Mixed A team were led by Donny... Read more of this article
BPS Appeal: Witnesses To Robbery At Belvin’s
Police continue to appeal for witnesses to the robbery at Belvin’s Variety in Smith’s parish where a male gained entry and stole an undisclosed amount of cash. A police spokesperson said, “On Sunday, January 28th police responded to a robbery at Belvin’s Variety in Smith’s parish where a male gained entry and stole an undisclosed amount of... Read more of this article
Public Invited: Pre-Budget Meeting On Tuesday
Premier and Minister of Finance David Burt and Junior Minister of Finance Wayne Furbert held a meeting with with Public Officers today [Jan 29] to discuss the upcoming Budget, and will be holding a ‘Pre-Budget’ public meeting at 6.00pm tomorrow at St. Paul Centennial Hall. A Government spokesperson said, “The public is invited to attend... Read more of this article
Arts Centre To Host “Winter Open” On Jan 31
The Bermuda Arts Centre at Dockyard will be hosting a “Winter Open” show on Wednesday [Jan 31] from 6.00pm to 8.00pm, with the show continuing until Friday, February 23. A spokesperson said, “The Bermuda Arts Centre at Dockyard is hosting their “Winter Open” show this coming Wednesday night [January 31]. Strange night for an opening, and it... Read more of this article
