Category: Business
Burchall: How “Nanci” Grew In The Ten Years
[Opinion column written by Larry Burchall] Many people say that Bermuda’s business model and the global business model have changed and that simply increasing Bermuda’s ResPop is not the only answer to Bermuda’s existing economic problem. But what, exactly, did change? What will a solution look like? From Tourist Playground to Business Park From... Read more of this article
Axis Capital Help Clean Up Historic Property
The Bermuda National Trust’s historic home “Devondale” receives refurbishment support on Wednesday, September 17th, as a volunteer group from AXIS Capital Holdings Ltd. spent the day at the Bermuda National Trust historic home Devondale in Smith’s Parish. While one team laboured clearing invasive plants and weeding flowerbeds another group were... Read more of this article
Bermuda Stock Exchange Report: Sept 29 2014
Today [Sept 29] saw a volume of 9,300 shares trade on the Bermuda Stock Exchange, valued at $88,400.00 BD. 4,300 shares were traded by Somers Limited, closing down 5.2% at $13.75 per share. The other 5,000 shares were traded by Ascendant Group Limited, closing at an even $5.75 per share. The BSX closed at 1,384.14, down 0.32% on the day. There were... Read more of this article
Bermuda Re/Insurance Group Travel To NY
In early September a group of 18 Bermudian re/insurance rising stars travelled to New York City as part of the Bermuda Under 40s Re/Insurance Group, an association of young professionals in the Bermuda market. They spent a week visiting and learning about the U.S. re/insurance market. The trip was organised by Candace Roach of Validus Holdings, Ltd.,... Read more of this article
Video: Interview With PWC’s Arthur Wightman
During an interview with AM BestTV at the Rendez-Vous de Septembre reinsurance conference in Monte Carlo, Arthur Wightman, PwC Bermuda managing director and insurance leader, said that insurers are risking their relevancy if they do not find ways cover uninsured risks and continue to play a key role in risk solutions. During the interview, Mr. Wightman... Read more of this article
Allied World North America Launch ForceField
Allied World Assurance Company Holdings, AG announced today that Allied World North America has added a new product to its ForceField® suite of professional liability products. This new directors & officers [D&O] and corporate liability policy will be available for U.S. based, publicly-traded companies and addresses a wide range of liability... Read more of this article
Philip Micallef Appointed New Air Malta CEO
Philip Micallef — the former CEO of the Bermuda Regulatory Authority — has been named the new CEO of Air Malta. Commenting on this appointment Air Malta Chairperson, Maria Micallef said, “Philip has all the qualities and experience required to take this company forward and will officially take up the post on the 13th October 2014. “The... Read more of this article
Bermuda Stock Exchange Report: Sept 26 2014
Today [Sept 26] saw the close of the BSX’s week finish with no shares traded. The BSX finished the week at 1,388.62, even on the day. There were 0 advances, 0 declines, and 74 remained unchanged heading into the weekend. The full report for the day is available here [PDF], and the full weekly report is available here [PDF]. Related Stories ‘Active... Read more of this article
“Shellshock” Bug Puts Computers At Risk
A recently discovered computer bug – one that has apparently existed for years – is putting Linux-based computers at risk of attack by hackers, including Apple machines running the company’s OS X operating system. Other devices vulnerable to the flaw include some routers, security cameras, and other Linux-based devices. According to... Read more of this article
Canopius Bermuda Hosts Gallery Opening
The artistic community in Bermuda now has a new venue to exhibit their works after Canopius Bermuda CEO Stephen Hartwig envisioned transforming their office walls into a gallery of local artists’ works. Premier and Minister of National Security, Michael Dunkley participated in the Gallery Opening on Thursday [Sept 25] at Canopius Bermuda. The company... Read more of this article
Bermuda Stock Exchange Report: Sept 25 2014
Today [Sept 25] saw a volume of 9,796 shares trade on the Bermuda Stock Exchange, valued at $22,063.35 BD. 9,565 shares were traded by Bank of N.T. Butterfield, staying even at $1.99 per share. Another 145 shares were traded by BF&M Limited, closing up 4.2% at $18.75 per share, while KeyTech Ltd traded 86 shares, closing at an even $4.00 per share. The... Read more of this article
BIOS & BII Hosting Catastrophe Risk Seminar
The Bermuda Institute of Ocean Sciences’ Risk Prediction Initiative [RPI2.0] and the Bermuda Insurance Institute will once again join forces to deliver a Catastrophe Risk Seminar to discuss the scientific problems surrounding the issue of flood risk. At the seminar on October 28, scientists and researchers will deliver sessions on storm surge, extreme... Read more of this article
Video: Axis CEO Speaks About Soft Markets
Albert Benchimol, CEO of Bermuda-based Axis Capital Holdings, recently spoke with A.M. BestTV, offering his thoughts on the current soft market and the positive trends that he sees as presenting opportunities not only for Axis, but for the sector at large. Mr. Benchimol said, “Well, this is not the first soft market we’ve had, and unfortunately... Read more of this article
Company Focuses On Agricultural Risk In Africa
Bermuda-based PartnerRe has revealed that it has entered into a partnership with Moroccan insurer MAMDA [Mutuelle Agricole Marocaine d’Assurance] and French reinsurer MCR [La Mutuelle Centrale de Réassurance] to establish MAMDA RE, a new reinsurance company dedicated to agricultural risk in Africa. Domiciled in Morocco, MAMDA RE will benefit from... Read more of this article
Bermuda Stock Exchange Report: Sept 24 2014
Today [Sept 24] saw a volume of 78,762 shares trade on the Bermuda Stock Exchange, valued at $346,546.80 BD. 1,000 shares were traded by Bank of N.T. Butterfield, staying even at $1.99 per share. 70,000 shares were traded by Argus Group Holdings Ltd, closing down 1.3% at $3.95 per share. 2,662 shares were traded by BF&M Limited, closing down 2.7%... Read more of this article
Gibbons Passion & Fashion In Art Show
Gibbons Company and the Bermuda Society of Arts [BSOA] announced their collaboration on the second Biennial Gibbons Passion & Fashion in Art, which will see Gibbons Company displaying local art. The first Biennial took place in April 2012 when Gibbons Company worked directly with different artists to showcase their work. The theme in 2012 were bright,... Read more of this article
