Category: Business
XL Group Announce First Quarter 2018 Results
XL Group Ltd reported its first quarter 2018 results, with net income attributable to common shareholders of $152.6 million, or $0.58 per fully diluted share, compared to $152.8 million, or $0.57 per fully diluted share, in the prior year quarter. Commenting on the Company’s performance, XL’s Chief Executive Officer Mike McGavick said: “We... Read more of this article
Goal To ‘Leverage The Longer-Term Value’
The Bermuda Tourism Authority said they aim to “leverage the longer-term value through a healthy return on investment,” saying they view the island hosting the World Triathlon Series as “part of an investment that can bring returns for many years to come.” The event was held this past weekend with an elite men’s race attracting... Read more of this article
Jared Dylan Starts ‘Live Plus’ Business
An island business is offering vegan food alternatives, with 27-year-old Bermudian Jared Dylan starting Live Plus. Mr. Dylan told Bernews, “Live Plus was an idea I came up with in college. It became a back burner concept, until I thought of different ways to tackle this idea and make it a reality. I always was thinking of ways to start a business... Read more of this article
Bermuda Showcased At Forum In New York
Bermuda’s unique value to onshore economies across industry sectors was the clear message of an executive forum held in New York by the Bermuda Business Development Agency [BDA]. “The forum saw an impressive collective effort by government, regulatory and industry executives who spoke about the island’s blue-chip legacy, innovative corporate... Read more of this article
Aspen Dividends On Ordinary, Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on June 5, 2018 to the holders of record as of the close of business on May 18, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article
Arch Capital Reports 2018 First Quarter Results
Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2018 first quarter was $137.3 million, or $0.99 per share, compared to $241.9 million, or $1.74 per share, for the 2017 first quarter. The Company’s net income available to Arch common shareholders produced an annualized return on average common... Read more of this article
BF&M Continues Share Buyback Programme
BF&M Limited announced the continuation of their Share Buyback Programme for a further 12 months. The Share Buyback Programme will enable BF&M to repurchase, at its discretion, up to 340,557 Common Shares at market prices on the Bermuda Stock Exchange. Related Stories Veronica Swan DeGraff Earns BF&M Scholarship BF&M & Argus... Read more of this article
Bermuda Stock Exchange Report: May 2 2018
May 2 saw 7,298 shares trade on the Bermuda Stock Exchange, valued at $157,205.00 BD. 3,000 shares were traded by Bermuda Press [Holdings] Ltd, closing down 0.2% at $6.15 per share, while another 2,798 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $47.50 per share. 1,500 shares were traded by Argus Group Holdings Ltd, closing... Read more of this article
Abed To Serve As Digital Asset Consultant
The Premier and Minister of Finance David Burt, today [May 2] announced the signing of an agreement with Mr. Gabriel Abed, Founder of BITT, Inc and the Founder of Digital Asset Fund. Mr. Abed will be a consultant and advisor to the Government of Bermuda. In making the announcement, Premier Burt stated, “Mr. Gabriel Abed, is a digital assets and blockchain... Read more of this article
Thurs: Post Offices To Close For Staff Meeting
The Bermuda Post Office and all sub post offices will close at 1.00pm tomorrow [May 3] for a mandatory staff meeting. A Government spokesperson said, “Tomorrow [May 3], the Minister for the Cabinet Office with responsibility for Government Reform, the Hon. Lovitta Foggo, JP,MP, will address all post office staff regarding the proposed plans for the... Read more of this article
Jeff Baron Updates Profile With New HSBC Job
[Updated] According to his LinkedIn profile, Jeff Baron – who announced late last month that he was quitting politics – has landed a new job with HSBC in Bermuda. His recently updatde LinkedIn account states that Mr Baron has started a new position as “Country Head of Financial Crime Threat Mitigation – Bermuda at HSBC Private Banking”. Screenshot... Read more of this article
Validus Reports Q1 Net Loss Of $4.1 Million
Bermuda-based Validus Holdings reported a net [loss] attributable to Validus common shareholders of $[4.1] million, or $[0.05] per diluted common share, for the three months ended March 31, 2018, compared to net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended... Read more of this article
