Category: Business
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
XL Announces Appointment Of Smyth & Greaves
XL Catlin insurance operations announced the appointment of Donnacha Smyth as President Global Excess Casualty Insurance and of Carla Greaves as Chief Underwriting Officer, Global Excess Casualty. Mr. Smyth, who will be based in Dublin, will start his new role on September 3, 2018. He will lead all Global Excess Casualty teams including North America,... Read more of this article
Bermuda Stock Exchange Report: June 5 2018
June 5 saw 10,100 shares trade on the Bermuda Stock Exchange, valued at $40,299.00 BD. 10,100 shares were traded by Argus Group Holdings Ltd, closing even at $3.99 per share. The BSX finished at 2,729.38, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Kathleen Bibbings Named New BIMA President
Kathleen Bibbings, who has more than 30 years’ experience in the insurance industry and currently heads up AIG’s Bermuda captive operations, has been appointed President of the Bermuda Insurance Management Association [BIMA]. Bibbings replaces outgoing president Grainne Richmond who has completed the position’s two-year term, the association announced... Read more of this article
Sompo Completes Acquisition Of Lexon Surety
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has completed the acquisition of the operating subsidiaries of Lexon Surety Group LLC, which was first announced on January 3, 2018. Lexon, the second largest independent surety insurer in the U.S., is comprised of Lexon Insurance Company,... Read more of this article
Top Executives To Discuss Insurance Industry
An impressive who’s who of Bermuda’s global insurance market will discuss the state of the industry and major trends affecting risk management at a leadership forum marking the 25th anniversary of the Association of Bermuda Insurers & Reinsurers [ABIR]. The event, scheduled July 10 at Rosewood Bermuda, will see high-profile executives past and... Read more of this article
Fitch: Experts Expect ‘Normal’ Hurricane Season
After enduring one of the more active hurricane seasons in recent memory, U.S. P/C Insurers are well positioned for what is pointing to an average hurricane season in 2018, according to Fitch Ratings in its annual hurricane season preview report. Fitch Ratings said, “Early forecasts of the upcoming June 1 to November 30 hurricane season suggest... Read more of this article
Ascendant’s May 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [“BSX”], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of May 2018 the company repurchased 35,400 common shares at an average price of $15.00. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Celebrates... Read more of this article
Bermuda Stock Exchange Report: June 4 2018
June 4 saw 5,465 shares trade on the Bermuda Stock Exchange, valued at $261,363.00 BD. 5,465 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.6% at $48.00 per share. The BSX finished at 2,729.38, up 1.25% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Loren Named One Of World’s Best New Hotels
The Loren has been named one of the “world’s best new hotels” by private jet lifestyle magazine Elite Traveler, who called it a “striking modern boutique property” with “gorgeous ocean views.” The story said, “The newest hotel in Bermuda—the country’s first new-build hotel in 45 years, in fact—is a striking... Read more of this article
