Category: Business
HSBC Reid St Entrance Closed Due To Damage
“Earlier today, HSBC Bermuda’s Harbourview Building experienced some damage that has required the Reid Street entrance to be closed,” a bank spokesperson said. “The cause of the incident and full extent of the damage is currently being investigated. The safety of our employees, customers and the general public are of the utmost... Read more of this article
Colonial Acquires Minority Interest In Beacon
Colonial Group International Ltd. has acquired a minority interest in Beacon Insurance Company Ltd of Trinidad & Tobago. The partnership agreement, which was signed last Monday and is subject to regulatory approval by the Central Bank of Trinidad and Tobago, is “expected to generate significant growth opportunities for both insurers,”... Read more of this article
Arch Name François Morin Executive VP & CFO
Arch Capital Group Ltd. announced François Morin will assume the role of Executive Vice President and Chief Financial Officer of the Company effective May 25, 2018. He will report to Marc Grandisson, President and Chief Executive Officer of ACGL. Mr. Morin will replace outgoing Chief Financial Officer Mark Lyons, who is leaving Arch to become Senior... Read more of this article
Bermuda Stock Exchange Report: May 15 2018
May 15 saw 7,311 shares trade on the Bermuda Stock Exchange, valued at $349,800.25 BD. 7,311 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.5% at $47.75 per share. The BSX finished at 2,679.01, down 1.24% on the day. There were 0 advances, 1 decline, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Bermuda Signs MOU With Shyft Network
Bermuda continued to attract international attention in New York today [May 15], as Premier David Burt announced a $10-million partnership with blockchain network Shyft and addressed more than 100 lawyers at a top global firm. A Bermuda Business Development Agency [BDA] spokesperson said, “It was Day Two of attendance by a 20-strong Bermuda delegation... Read more of this article
Ascendant’s Share Repurchase Programme
Ascendant Group Limited announces that, given the Company’s existing share repurchase programme is due to expire on 22 May 2018, its Board of Directors has authorised the repurchase of up to 1,000,000 shares through a further share repurchase programme. The authorised share repurchase programme represents approximately 10% of the Company’s overall... Read more of this article
Aspen Seeks Approval For New Irish Subsidiary
Aspen Insurance Holdings has submitted an application to the Central Bank of Ireland for authorization of a new insurance subsidiary in Dublin, Republic of Ireland, saying that the new Irish subsidiary – Aspen Insurance Ireland DAC – will “ensure that Aspen can continue serving partners and clients in the European Economic Area following”... Read more of this article
Carol Redahan Joins Hamilton Re As Controller
Hamilton Re, the Bermuda-based insurance and reinsurance platform for Hamilton Insurance Group, today [May 15] announced the appointment of Carol Redahan as Senior Vice President, Controller. Ms. Redahan will report to Hamilton Re Chief Financial Officer Vanessa Hardy Pickering. “I’m delighted to welcome Carol to Hamilton Re,” said Hamilton Re... Read more of this article
Dockyard Vendors Looking Forward To Season
Vendors in Dockyard are gearing up for a busy season as Bermuda prepares to host 180 cruise ships bringing thousands more visitors than last year. Top Dog, Duch Pops, 9 Parishes, Positive Energy, Churchill’s Ltd and Bermuda Fudge Co all have their stalls up and running near the new Visitor Information Centre. Sunset Studio will join them from August,... Read more of this article
XL Catlin Appoint Hoffman As Head Of Claims
XL Catlin announced the appointment of Brent Hoffman as Global Head of Claims, effective immediately, reporting to Paul Jardine, XL Catlin’s Chief Experience Officer. Mr. Hoffman joined XL in 2014 and most recently held the position of General Counsel Global Claims, with a place on the Claims Leadership Team. In his new role he will be responsible... Read more of this article
Delegation Attend Blockchain Week In New York
“Bermuda’s pioneering work to regulate the global blockchain industry was praised by delegates to one of the world’s largest cryptocurrency conferences, as New York celebrates Blockchain Week,” the Bermuda Business Development [BDA] agency said. Premier and Finance Minister David Burt, accompanied by National Security Minister Wayne... Read more of this article
BUEI Announces Board & Officer Appointments
The Board of Directors of The Bermuda Underwater Exploration Institute [BUEI] has announced a number of appointments. Carol Dixon – Chairperson – Board of Directors A spokesperson said, “The Board has unanimously approved Carol’s appointment to Chairperson with effect from June 1st 2018. She has been an integral member of the Board providing... Read more of this article
