Category: Business
Bermuda Stock Exchange Report: July 24 2018
July 24 saw 1,900 shares trade on the Bermuda Stock Exchange, valued at $31,350.00 BD. 1,900 shares were traded by Ascendant Group Limited, closing up 1.5% at $16.50 per share. The BSX finished at 2,730.81, up 0.09% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Butterfield Bank Reports Second Quarter Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2018. Second quarter core net income was $51.7 million, or $0.93 per diluted common share, compared to $45.0 million, or $0.81 per diluted common share in the previous quarter and $37.5 million, or $0.67 per diluted common share, for the... Read more of this article
Dr. John Seo To Speak At Convergence 2018
ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2018, announced that Dr. John Seo, will be the event’s industry keynote speaker featuring a talk titled “ILS, $80B to $300B, how do we get there?” A spokesperson said, “The broader measure of the ILS market is roughly $80B currently, Dr. John Seo, co-Founder and Managing Director of Fermat... Read more of this article
Colonial Awarded Top Marks For Cyber Security
Colonial Group International Ltd. has been awarded a top cyber-security business protection certification. The Bermuda-based holding company received ‘Cyber Essentials Plus ‘ certification from the National Cyber Security Centre [NCSC], a UK Government organisation that helps public and private sector organisations protect themselves from cyber... Read more of this article
BAS Appoints Azeem Khan & Antoine Lambert
Bermuda Aviation Services Limited [BAS Group] announced the appointment of two Bermudians to key positions within the organisation’s companies: Azeem Khan in the role of Vice President, Technical Operations for the CCS Group and Antoine Lambert as Operations Manager for BESCO. Mr. Khan is returning home to the CCS Group, where he began his career... Read more of this article
Qatar Re Changing Operations In Singapore
Qatar Reinsurance has announced that, with effect from 20 July 2018, it is to cease writing new and renewal business from its branch office in Singapore. The Company will work closely with its Singapore-based staff, its clients and broking partners and regulators to ensure the orderly administration of existing business written from the branch. This... Read more of this article
LOM Releases 2018 Half Year Financial Results
In a filing with the Bermuda Stock Exchange [BSX] LOM Financial Limited announced 2018 Half Year Financial Results. In a letter to shareholders, the Company’s CEO stated: To our Shareholders: The first half of 2018 saw the commencement of operations for our branch in Grand Cayman with a marketing effort and launch party. The launch of the Cayman operation... Read more of this article
Bermuda Stock Exchange Report: July 23 2018
July 23 saw 73,000 shares trade on the Bermuda Stock Exchange, valued at $299,300.00 BD. 73,000 shares were traded by Argus Group Holdings Ltd, closing up 2.5% at $4.10 per share. The BSX finished at 2,728.40, up 0.07% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Consumer Price Index: Inflation Decreased 0.3%
Consumers paid 1.7% more in May 2018 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation decreased 0.3 percentage points from the 2.0% measured in April 2018. This is according to the latest Consumer Price Index, which said, “Between April 2018 and May 2018, the average... Read more of this article
Conyers Lawyers Make Private Client Global List
The Private Client Global Elite list, which names the world’s top lawyers advising ultra-high net worth clients, this year includes six lawyers from Conyers Dill & Pearman. Those listed are Alec Anderson, Ben Adamson, Jeffrey Elkinson, Craig MacIntyre and Peter Pearman, all directors in the Bermuda office, and Robert Lindley of the Cayman office. Launched... Read more of this article
Bermuda Forwarders, BEST Shipping Join Forces
Bermuda Forwarders has agreed the sale of its freight business to BEST Shipping, with the company saying “both parties believe that their collective strengths will create a stronger team and provide their clients and improved all-around shipping experience. “Bermuda Forwarders Ltd. is thankful that after more than 60 years in the business... Read more of this article
Schrum Recognised In Private Client Global
Appleby lawyers from across their global offices have again been recognised in Legal Week’s, Private Client Global Elite for 2018, including Bermuda Partner Vanessa Schrum. “The Private Client Global Elite print and digital supplement profiles 200 top trust and estate legal practitioners – including private client lawyers, tax lawyers, litigators... Read more of this article
