Category: Business
Argo Group Announces Acquisition Of Ariscom
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today [March 13] announced it has acquired Italian specialty insurer Ariscom. Effective immediately, Matt Harris, head of ArgoGlobal’s European and Asian operations, will assume the role of Ariscom Managing Director. “Ariscom provides... Read more of this article
Confusion Over Volkswagen Vehicles In Bermuda
[Updated] There is some confusion over which company will be dealing with Volkswagen vehicles, as Auto Solutions said they have been informed by Volkswagen they intend to make the Ascendant Group “their local representative in Bermuda,” while Ascendant said they do “not have an agreement with Volkswagen, or any other automotive manufacturer,... Read more of this article
Bermuda Stock Exchange Report: March 12 2018
March 12 saw 100 shares trade on the Bermuda Stock Exchange, valued at $410.00 BD. 100 shares were traded by West Hamilton Holdings Ltd, closing even at $4.10 per share. The BSX finished at 2,586.26, 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
Argus Donates $13K To Sandys School STEM
Argus has donated $13,000 to support science, technology, engineering, and mathematics [STEM] education at Sandys Secondary Middle School. The donation will go toward purchasing Google Chromebooks, which will be used to expand Sandys Secondary Middle School’s STEM education programme. The Chromebooks will enable students to learn about robotics, coding,... Read more of this article
Shipping Schedule: Week Starting March 10
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday March 10th. On Monday the Oleander container ship is expected, on Tuesday the Winchester Strait container ship will arrive, and on Wednesday the Divina and the Queen Victoria cruise ships and the British Ruby LNG tanker... Read more of this article
Arch Announces Secondary Public Offering
Arch Capital Group Ltd. announced an underwritten public secondary offering of 5,674,200 common shares by certain selling shareholders affiliated with American International Group, Inc. has priced. The public offering price is $88.55 per common share for an aggregate public offering price of $502,450,410. Proceeds from the sale of common shares pursuant... Read more of this article
Bermuda Stock Exchange Report: March 9 2018
March 8 saw 7,500 shares trade on the Bermuda Stock Exchange, valued at $345,750.00 BD. 7,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.2% at $46.10 per share. The BSX finished at 2,586.26, up 0.17% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article
Ministry: ‘Reconstituted RFP Can Be Expected’
The Ministry of Transport and Regulatory Affairs has announced that Government will “re-assess its objectives for digital mobile ticketing in public transportation.” A spokesperson said, “A Request for Proposals issued last month for a pilot project to update the system by which ferry commuters pay for ferry rides has been withdrawn. “A... Read more of this article
Discussion Panel With Female Entrepreneurs
The Ministry of Social Development and Sports and the Human Rights Commission co-hosted an International Women’s Day Breakfast Conversation Panel yesterday [March 8] featuring six female entrepreneurs who, along with the audience, considered various questions including barriers to achieving gender equity. A spokesperson said, “Sharon Bartram,... Read more of this article
“Bermuda: The New Value Equation” Discussion
Bermuda’s delegation to the Montgomery Summit in California this week “forged fruitful connections with venture capitalists and industry influencers who have pledged their support to the island’s emerging technologies sector,” the BDA said. Among those who met with National Security Minister Wayne Caines, industry representatives, and... Read more of this article
Deloitte Releases Insurance M&A Outlook
Deloitte’s annual outlook for the insurance M&A market examines trends in 2016 and 2017 and identifies key expectations and challenges for 2018 that may help insurance executives pinpoint M&A drivers and plan their strategy accordingly. The company said, “The M&A landscape is setting the stage for a positive deal-making environment... Read more of this article
Bermuda Stock Exchange Report: March 8 2018
March 8 saw 9,680 shares trade on the Bermuda Stock Exchange, valued at $445,280.00 BD. 9,680 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.5% at $46.00 per share. The BSX finished at 2,581.76, up 0.44% 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
