Category: Business
PwC Promotes Kristen Robinson To Director
PwC Bermuda announced the promotion of Kristen Robinson to the position of Director within their growing financial advisory business. A spokesperson said, “Her promotion is a testament to her outstanding work and dedication to ensuring our clients’ success. In her new role, she will primarily focus on enhancing our consulting capabilities... Read more of this article
Monument Re Acquires Portfolio From Contassur
Monument Re Limited announced today that its Belgian subsidiary Monument Assurance Belgium N.V. has completed the acquisition of a branch 21 closed book classical group life insurance portfolio from Contassur – Contibel Assurances Vie – Contibel Levensverzekeringen SA/NV [Contassur], following receipt of regulatory approval from the National Bank... Read more of this article
Bermuda Stock Exchange Report: July 1 2024
July 1 saw 3,900 shares trade on the Bermuda Stock Exchange, valued at $51,400.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $34.00 per share, while another 2,900 shares were traded by Argus Group Holdings Ltd, closing down 2.6% at $6.00 per share. The BSX finished at 2,451.79, down 0.16% on the day. There were 0... Read more of this article
Pearman To Speak At Black Travel Expo
Mikaela Ian Pearman is set to take part in the Black Travel Expo event in Atlanta in October of this year, with Ms Pearman scheduled to speak on the topic of “the future of content creation.” The event website states, “The Black Travel Expo is an annual event held in Atlanta, Georgia that celebrates the experiences, cultures, and... Read more of this article
Conyers Starts Summer Law Student Programme
Conyers announced the start of its Bermuda Summer Law Student Programme, saying this “programme provides an exceptional opportunity for aspiring legal professionals to gain practical experience and insights into the dynamic field of law.” A spokesperson said, “Eight students, either currently enrolled in accredited law schools or recent... Read more of this article
Corporate Income Tax Public Agency Information
The Ministry of Finance issued a public information document regarding the Corporate Income Tax Agency. A Government spokesperson said, “Following the enactment of the Corporate Income Tax Act 2023 in December, 2023, the Government is moving ahead with the establishment of a Corporate Income Tax Agency [the Agency]. “This document sets out... Read more of this article
Fidelis Launches Syndicate 3123 At Lloyd’s
The Fidelis Partnership together with Fidelis Insurance Holdings Limited confirmed that Syndicate 3123 has formally begun underwriting business at Lloyd’s. A spokesperson said, “The Fidelis Partnership Syndicate was launched by The Fidelis Partnership in collaboration with the Fidelis Insurance Group, a global specialty insurer, and Hampden... Read more of this article
BUEI Appoints Traci Burgess
Traci Burgess has been appointed as Head of Programmes and Administration at the Bermuda Underwater Exploration Institute [BUEI]. A spokesperson said, “The Bermuda Underwater Exploration Institute [BUEI] is pleased to announce the appointment of Ms. Traci Burgess as the Head of Programmes and Administration [HoPA]. “In her new role, Ms.... Read more of this article
Enstar’s Subsidiaries Complete Reinsurance Deal
Enstar Group Limited announced that one of its wholly owned subsidiaries has completed a transaction to reinsure legacy business written by Accredited Surety and Casualty Company, Inc. and Accredited Insurance [Europe] Limited. A spokesperson said, “Enstar has provided reinsurance in connection with the acquisition of Accredited by Onex Partners. “The... Read more of this article
Ministry Of Health Responds To News Of Merger
The Ministry of Health has responded to news that BF&M and Argus “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A Government spokesperson said, “The Ministry of Health acknowledges the announcement of the merger between BF&M and Argus, two of Bermuda’s... Read more of this article
Shipping Schedule: Week Starting June 29
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 29th. On Saturday the Vision of the Seas cruise ship is expected, on Sunday the Norwegian Gem cruise ship and the Oleander container ship will arrive, and on Monday the Liberty of the Seas is scheduled to arrive. On... Read more of this article
Bermuda Stock Exchange Report: June 28 2024
June 28 saw 1,400 shares trade on the Bermuda Stock Exchange, valued at $33,617.00 BD. 900 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.5% at $34.00 per share, while another 500 shares were traded by Argus Group Holdings Ltd, closing up 11.8% at $6.16 per share. The BSX finished at 2,455.60, up 1.75% on the day. There were 2... Read more of this article
CG Pharmacy Celebrates First Anniversary
CG Pharmacy celebrated its first anniversary with achievements, including winning “The Best in Bermuda” award in the pharmacy category. A spokesperson said, “CG Pharmacy, a key innovator in the pharmaceutical industry in Bermuda, proudly celebrates its first anniversary. This past year, the pharmacy has made significant strides toward... Read more of this article
Enterprise Bermuda Accelerator Graduation
On June 25th, the Bermuda Economic Development Corporation [BEDC] hosted a graduation dinner for the 9th cohort of the Enterprise Bermuda Accelerator at Bella Vista. Minister of Economy and Labour Jason Hayward provided the welcome remarks for the occasion. He congratulated the graduating cohort, stating, “Your success as entrepreneurs goes beyond... Read more of this article
BF&M & Argus Announce Merger Agreement
BF&M and Argus Group announced today that they “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A spokesperson said, “The transaction is subject to required regulatory approvals and shareholder approval with a planned completion date for the amalgamation... Read more of this article
Enstar Agrees Cover Transaction With IAG
Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an adverse development cover agreement with Insurance Australia Limited, on behalf of Insurance Australia Group [IAG]. A spokesperson said, “Under the terms of the agreement Enstar will provide approximately the equivalent of US$430 million [AU$650m] of excess... Read more of this article
