Category: Business
Eight Tech Interns In TLF Summer Programme
On May 31st the tenth annual Technology Leadership Forum [TLF] Internship Programme launched with eight technology interns participating in the summer programme. The 2018 TLF interns who passed the rigorous selection process are: Stephen Outerbridge, Justine Dzofonoo-Burch, Sher-Kyra Outerbridge, Raven Duffy, Kiara Saunders, Jalesa Vincent, Matthew... Read more of this article
Athene Completes Transaction With Voya
Athene Holding has successfully closed its transaction with Voya Financial to reinsure approximately $19 billion of fixed and fixed indexed annuity liabilities. This brings Athene’s total invested assets to approximately $100 billion. “This landmark transaction demonstrates how our expertise and unique, value-added association with Apollo position... Read more of this article
Assured & Syncora Complete Transaction
Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], announced the completion of the previously disclosed reinsurance transaction with Syncora Guarantee Inc. [SGI], a wholly owned subsidiary of Syncora Holdings Ltd. [SHL]. Under the terms of the transaction, Assured Guaranty Corp. [AGC] is reinsuring, generally on a 100% quota share... Read more of this article
11 Companies Admitted To Captive Hall Of Fame
Eleven captive insurance companies have been admitted to Bermuda’s Captive Hall of Fame after completing 25 years of business from the island. The Hall of Fame was created by the industry in 2016 to highlight captive entities with a quarter-century commitment to the Bermuda market. More than 200 Bermuda-based companies now share the honour. The latest... Read more of this article
Blockchain Innovation Symposium On June 7
Xceedance, a global provider of insurance consulting, managed services, technology, and data sciences, and ChainThat, a pioneer in blockchain technology for the re/insurance industry, are co-hosting an insurance blockchain symposium on June 7th at the Bermuda Underwater Exploration Institute [BUEI] in Hamilton. The Bermuda on Blockchain event is moderated... Read more of this article
‘Regulation Of Financial Holding Companies’
The Bermuda Monetary Authority [BMA] has released a discussion paper on regulation of financial holding companies. “The purpose of this Discussion Paper [DP] is to elicit discussion on and receive feedback on the structure of a regime for the regulation of Financial Holding Companies [FHCs] in Bermuda,” the BMA said. ”Comments and... Read more of this article
XL Catlin Launches Crisis Prevention/Response
XL Catlin’s insurance operations announced the launch of Corporate CPR [Crisis Prevention and Response for corporate clients] – a global risk management and insurance solution designed to help companies of any size prevent, prepare for and respond to crisis situations, and help protect their people, assets, property and finances. The company said,... Read more of this article
Ocean Club Social Contest Offers Free Stay
Ocean Club is offering a four-night stay at the Fairmont San Francisco, including Jet Blue airfare for two, for posting photos on Instagram of ”why the Ocean Club is the most Insta-Perfect place to post.” The Fairmont website said, “Win a four-night stay at Fairmont San Francisco, including Jet Blue airfare for two by posting photos... Read more of this article
Shipping Schedule: Week Starting June 2
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 2nd. On Saturday the Anthem of the Seas cruise ship and the Pelee Islander 2 passenger ship are expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Grandeur... Read more of this article
Chwick & Heise Join Essent Group Board
Essent Group announced that Jane P. Chwick and Angela Heise have joined its Board of Directors. “We are very pleased to have Jane and Angela join our Board of Directors,” said Mark Casale, Chairman and Chief Executive Officer. “They both bring tremendous depth of technology and cybersecurity experience to our Board. In an ever changing world of... Read more of this article
Bermuda Stock Exchange Report: June 1 2018
June 1 saw 1,650 shares trade on the Bermuda Stock Exchange, valued at $77,962.50 BD. 1,650 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.3% at $47.25 per share. The BSX finished at 2,695.65, down 0.25% on the day. There were 0 advances, 1 decline, and 60 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
Premier Lays Four MOUs In House Of Assembly
During today’s sitting of the House of Assembly, the Premier and Minister of Finance David Burt tabled four Memoranda of Understanding [MOU]. A spokesperson said, “The Government of Bermuda has signed MOUs with: “Binance Holdings Limited who have undertaken to provide up to $10 million for training and another $5 million in investment... Read more of this article
