Category: Business
Bermuda Stock Exchange Report: May 14 2018
May 14 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $24,020.00 BD. 900 shares were traded by Ascendant Group Limited, closing even at $12.00 per share, while another 800 shares were traded by Bermuda Press [Holdings] Ltd, closing up 0.8% at $6.15 per share. 500 shares were traded by BF&M Ltd, closing down 0.9% at $16.60 per share. The... Read more of this article
Fireminds & Logic Launches Cayman Cloud
Logic Communications and Fireminds recently announced the launch of the Fireminds Data Center in Cayman, bringing Fireminds co-location, cloud services, software-as-aservice solutions and managed services to the Logic Business Solutions portfolio in Cayman. Also, customers with operations in Bermuda and Cayman can now leverage the Fireminds data centers... Read more of this article
Video: New Financial Programmes For Businesses
[Updated] Minister of Economic Development and Tourism Jamahl Simmons is holding a press conference this morning [May 14] at the Bermuda Economic Development Corporation, where Minister Simmons and BEDC representatives are expected to announce new financial programmes for small businesses. We will have additional coverage later on and in the meantime... Read more of this article
Hamilton Princess Debuts New ‘Frosé’ Drink
Hamilton Princess & Beach Club is now serving frosés, an alcoholic frozen drink made with Pinot Noir Rosé and a custom-designed slush mix, specially created to complement the wine. “The new drink is available to customers wanting to cool off at the resort’s 1609 Bar and Restaurant and to hotel guests at the pool,” a spokesperson... Read more of this article
Column: FinTech, Blockchain, ICOs, Currencies
[Written by Chris Garrod] On November 22nd 2017, Bermuda’s Premier David Burt, held a press conference regarding the potential impact of blockchain on Bermuda’s economy. In summary, he said that the Island was going to look at blockchain opportunities as a new aspect of its overall economic plan, seeking to attract initial coin offering [ICO] and... Read more of this article
A.M. Best Assigns Credit Ratings To Munich Re
A.M. Best has assigned a Financial Strength Rating of A+ [Superior] and a Long-Term Issuer Credit Rating of “aa” to Munich Re of Bermuda, a wholly owned indirect subsidiary of Munich Reinsurance Company. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings of Munich Re and other main subsidiaries remain unchanged. A statement... Read more of this article
Photos & Video: Local Love Pop-Up Market
Eleven unique local vendors came together for a curated Pop-Up Market held yesterday afternoon [May 12] at the Bermuda Society of the Arts offering beauty and fashion goodies, wine and more, according to organizers. A spokesperson previously said, “The market will offer Bermuda a unique shopping experience. Local entrepreneurs and artisans come... Read more of this article
A.M. Best Affirms Credit Ratings Of MS Amlin AG
A.M. Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” of MS Amlin AG [Switzerland]. The outlook of these Credit Ratings [ratings] remains stable. A statement from the rating agency said, “The ratings reflect the company’s balance sheet strength, which A.M. Best categorises as very... Read more of this article
Shipping Schedule: Week Starting May 12
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 12th. On Sunday the Norwegian Dawn cruise ship and the Oleander container ship are expected, on Monday the Anthem of the Seas and the Veendam cruise ships will arrive, and on Tuesday the Somers Isles container ship is... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced that its Board of Directors declared on May 10, 2018 a quarterly dividend of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on July 2, 2018 to common shareholders of record as of June 15, 2018. Related Stories XL To Delist Outstanding Debt Securities XL Results Impacted By Natural... Read more of this article
White Mountains Tender Offer Final Results
White Mountains Insurance Group announced the final results of its “modified Dutch auction” tender offer, which expired at the end of the day on May 7th. Based on the final count by the depositary for the tender offer, 584,106 shares were properly tendered and not properly withdrawn at or below the final purchase price of $875 per share. “The... Read more of this article
Third Point Re 2018 Q1 Earnings Results
Bermuda-based Third Point Reinsurance Ltd. announced results for its first quarter ended March 31, 2018. Third Point Re reported a net loss available to common shareholders of $26.0 million, or $[0.26] per diluted common share, for the three months ended March 31, 2018, compared to net income of $104.2 million, or $0.98 per diluted common share, for... Read more of this article
