Category: Business
EU Release Bermuda’s ‘Commitment Letter’
The Council of the European Union has released “commitment letters” from a number of jurisdictions, including Bermuda, with the letter noting Bermuda’s “long standing and constructive relationship with the EU” and committing to address the concerns about “defacto lack of substance for entities doing business in or... Read more of this article
BLDC: Clearwater Beach Welcoming Visitors
Bermuda Land Development Company Limited [BLDC] said that Clearwater Beach is open and ready to welcome all visitors for the 2018 summer season with new product offerings for beachgoers, a Twizy charging station, and an updated parking lot at Turtle Beach. “Throughout the off season, we have continued to make improvements to the facilities and grounds... Read more of this article
“Meeting The Needs Of The Communities”
In response to Bermuda Health Council‘s recent statement “Health Council ‘Increasing Necessary Oversight’”, John Wight, CEO and President, BF&M Limited; Alison Hill, CEO, The Argus Group and Naz Farrow, CEO of Colonial Group International Ltd has released their joint statement. The statement said, “Meeting the needs of the communities... Read more of this article
PartnerRe Announce Claim Analytics Acquisition
PartnerRe Ltd announced the acquisition of the assets of Claim Analytics, a Canadian based provider of predictive analytics solutions to the insurance industry. Since its formation in 2001, Claim Analytics has provided predictive modeling solutions to the insurance industry in North America. The company is uniquely positioned in that it has successfully... Read more of this article
One Communications May Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of May 2018 the company repurchased 21,000 of its common shares at an average price of $2.83 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share... Read more of this article
Apex Group Announces Acquisition Of Ipes
Apex Group and Genstar Capital jointly announced the acquisition of Ipes, a leading provider of fund administration and other services to the private equity sector. “Adding $165 billion in assets under administration to the Group’s portfolio, this acquisition will bolster Apex’s private equity capabilities and depositary services across... Read more of this article
Bermuda Stock Exchange Report: June 6 2018
June 6 saw 6,200 shares trade on the Bermuda Stock Exchange, valued at $28,689.00 BD. 5,900 shares were traded by Argus Group Holdings Ltd, closing even at $3.99 per share, while another 300 shares were traded by BF&M Ltd, closing up 0.4% at $17.16 per share. The BSX finished at 2,729.84, up 0.02% on the day. There were 2 advances, 0 declines,... Read more of this article
Horseshoe Group Hires Pereira & Lavery
Horseshoe Group announced two recent senior hires to further strengthen its global offerings. Anna Pereira and Mark Lavery have been appointed as SVP, Head of Treasury and SVP, Head of Marketing & Communications respectively. Both Bermudian, Pereira and Lavery will be based out of Horseshoe’s Bermuda office and will play key roles in the firm’s... Read more of this article
Minister Foggo On Govt Reform Strategic Plan
Recently the Minister for the Cabinet Office with Responsibility for Government Reform Lovitta Foggo updated the Public Service on the progress of the Bermuda Government’s strategic plan for government reform. In issuing an organization-wide communique, Minister Foggo advised the Service that, PricewaterhouseCoopers Advisory Limited [PwC Bermuda],... Read more of this article
BELCO Staff Complete Electric Vehicle Training
BELCO has just completed electric vehicle training for its Fleet Team as it moves towards a 100% electric fleet. The five-day training was carried out by Craig Van Batenburg of the Massachusetts-based Automotive Career Development Centre [ACDC], which has provided training all around the World. Jason Simons, Anton Daniels, Nigel Lewis, Aesop Smith and... Read more of this article
XL Group Approve Merger Agreement With AXA
In a filing with the Bermuda Stock Exchange [BSX], XL Group Ltd announced shareholders’ approval of the Merger Agreement with AXA. The filing stated: “XL Group Ltd announced today that its common shareholders have approved an agreement for AXA to acquire 100% of XL Group. “Total consideration for the planned acquisition would amount to approximately... Read more of this article
Argo Group Rebrands Ariscom To ArgoGlobal
Argo Group International Holdings announced the rebranding of subsidiary Ariscom to ArgoGlobal Assicurazioni S.p.A. following the recent acquisition by Argo Group in March 2018. As announced in April 2018, Giovanni Tucci serves as Managing Director of the business and reports to Matt Harris, Head of Europe, Middle East and Asia. “This new branding... Read more of this article
