Category: Business
AXIS Reports First Quarter Income Of $63M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2018 of $63 million, or $0.75 per diluted common share, compared to net income of $5 million, or $0.06 per diluted common share, for the first quarter of 2017. Operating income1 for the first quarter of 2018 was $123 million, or... Read more of this article
Shipping Schedule: Week Starting April 28
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday April 28th. On Sunday the MS Sirena and the Norwegian Dawn cruise ships and the NACC Panarea cement carrier are expected, and on Monday the Oleander container ship and the Anthem cruise ship will arrive. On Wednesday the... Read more of this article
Everest Re Group’s 2018 First Quarter Results
Bermuda-based Everest Re Group, Ltd. reported first quarter 2018 net income of $210.3 million, or $5.11 per diluted common share, compared to net income of $291.6 million, or $7.07 per diluted common share for the first quarter of 2017. After-tax operating income1 was $219.7 million, or $5.34 per diluted common share, for the first quarter of 2018,... Read more of this article
Bermuda Stock Exchange Report: April 27 2018
April 27 saw 2,560 shares trade on the Bermuda Stock Exchange, valued at $ 42,460.00 BD. 1,500 shares were traded by Ascendant Group Limited, closing up 5.0% at $10.50 per share, while another 1,000 shares were traded by Watlington Waterworks Ltd, closing even at $26.50 per share. 60 shares were traded by Argus Group Holdings Ltd, closing at an... Read more of this article
ABIC Supports Career Pathways Programme
The Association of Bermuda International Companies [ABIC] was recently invited by the Career Pathways Coordinators from The Berkeley Institute and CedarBridge Academy to assist with securing work placements for their S3 students who are interested in careers in international business. A spokesperson said, “For one half day a week for 12 weeks... Read more of this article
RUBiS Announces East Broadway Re-Opening
RUBiS Energy Bermuda announced that their East Broadway Service Station will be re-opening at noon today [April 27] “following major renovations.” Mr. Graham Redford, Managing Director of RUBiS, said: “We are pleased to announce the re-opening of our East Broadway Service Station and Convenience Store following extensive renovations and... Read more of this article
BLDC Extends RFQ Deadline For Ships Wharf
The Bermuda Land Development Company Limited [BLDC] is extending the deadlines for the recently launched Requests for Qualifications [RFQ] for two projects at Ships Wharf: a cargo port and an energy facility. Applicants now have until June 29, 2018 to submit their qualifications for the cargo port and until October 23, 2018 for the energy facility. Francis... Read more of this article
Bermuda Stock Exchange Report: April 26 2018
April 26 saw 7,300 shares trade on the Bermuda Stock Exchange, valued at $97,399.00 BD. 5,400 shares were traded by BF&M Ltd, closing down 2.4% at $16.60 per share, while another 1,900 shares were traded by Argus Group Holdings Ltd, closing down 7.9% at $3.61 per share. The BSX finished at 2,644.78, down 0.35% on the day. There were 0 advances,... Read more of this article
S&P Revise Bermuda’s Outlook To Positive
Ratings agency Standard and Poor’s has revised its outlook on Bermuda from stable to positive, saying “Bermuda’s credit story is improving thanks to a return to positive real economic growth in 2017 and 2018.” S&P’s Global Ratings also affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well... Read more of this article
5,000 Passengers For Escape’s Inaugural Visit
The Norwegian Escape cruise ship made her inaugural visit to Bermuda this week, carrying a full capacity of 5,000 passengers. A Government spokesperson said, “The Norwegian Escape, the largest cruise ship in the Norwegian Cruise Line fleet, began its 2018 summer cruise schedule to Bermuda this week in a big way. Deputy Premier and Minister of... Read more of this article
Nine Work Permit Applications For Triathlon
There have been nine applications made for work permits through the Ministry of Tourism related to this weekend’s triathlon, the Ministry confirmed, with two for DJs, three for support staff for triathlete bike rental coordination, two for drone pilots and two for TV engineers. The drone and TV engineers relate to the broadcast, which is expected... Read more of this article
No Physical Store, Gateway Offer Online Sales
Gateway Systems will be closing the G-Wiz physical store as of April 27th saying it “no longer fits with our strategy”, with the company confirming that the change will not result in any job losses. Managing Director John Kyle stated, “As we continue to expand our core ICT consulting and services business, particularly in the areas... Read more of this article
