Category: Business
Validus Launches Package Policy For Fintech
Validus Specialty Underwriting Services announced a comprehensive package policy specifically designed for private U.S. Fintech companies. “With this innovative product, we’ve eliminated the gaps in coverage for Fintech companies,” said Cathy Cossu, Validus Specialty’s Senior Vice President of Professional Lines. “ “Our unique ‘open... Read more of this article
Maiden Holdings Reports 2017 Q4 Net Loss
Bermuda-based Maiden Holdings reported a fourth quarter 2017 net loss attributable to Maiden common shareholders of $133.6 million or $1.59 per diluted common share compared to net loss attributable to Maiden common shareholders of $74.7 million or $0.87 per diluted common share in the fourth quarter of 2016. “While we are disappointed with our... Read more of this article
Third Point Re 2017 Q4: $44.3M Net Income
Bermuda-based Third Point Reinsurance Ltd. announced results for its fourth quarter ended December 31, 2017. Third Point Re reported net income available to common shareholders of $44.3 million, or $0.42 per diluted common share, for the three months ended December 31, 2017, compared to a net loss of $46.7 million, or $[0.45] per diluted... Read more of this article
Bermuda Stock Exchange Report: March 1 2018
March 1 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,561.75, 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 Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange Report:... Read more of this article
Duperreault To Speak At BDA Forum In New York
AIG Chief Executive Officer Brian Duperreault will be the keynote speaker at a multi-industry event hosted May 2 in New York by the Bermuda Business Development Agency [BDA]. The one-day Bermuda Executive Forum will be officially opened by Premier David Burt and feature regulatory and industry leaders discussing advantages offered by the island’s... Read more of this article
Video: “Taking Off” On Air Service Development
Skyport has released the seventh episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this week’s video highlighting the Air Service Development. Speaking in the seventh episode, Mikaela Pearman said, “Did you know that every year, representatives from Skyport, and the Bermuda... Read more of this article
BA Offers 25% Off World Traveller Fares To UK
British Airways has launched a special seat sale to London, offering 25 percent discounts in World Traveller fares for 2018. “This discount applies to roundtrip fares in World Traveller from Bermuda to London for travel between May 1, 2018 to February 19, 2019,” a local British Airways spokesperson said. “These fares include all... Read more of this article
Docks To Close For Week For ‘Urgent Repair’
[Updated with video] The docks will have to close for a week — between Sunday, March 11 to 18th — for “urgent repair of the cargo dock runway,” Polaris Holding Company has stated. In a letter sent to carriers, truckers and Customs titled “Urgent: Repair Of Cargo Dock Runway,” Polaris CEO Warren Jones said, “You... Read more of this article
Aecon: ‘Will Continue To Work Collaboratively’
“The Premier has articulated various concerns and we will continue to work collaboratively through them,” Aecon’s Steve Nackan said, adding that the “airport agreement provides a solid platform for us to continue making great progress in delivering a world-class airport Bermuda can be proud of – on time, on budget and without... Read more of this article
‘Figures Reaffirm Status As World’s Risk Capital’
Bermuda’s insurance industry has registered a year-on-year increase in company registrations across multiple sectors, driving all-important job growth on the island, the BDA said. Bermuda registered a total of 58 new insurers in 2017, ranging from captives and long-term re/insurers to special purpose insurers [SPIs]—compared to 42 last year, according... Read more of this article
Olderhood Forms Strategic Alliance With EAP
The Olderhood Group Ltd., a Career Partners International partner, has announced a strategic alliance with Employee Assistance Program Bermuda [EAP] to provide an expanded career transition service offering to corporate clients and their employees. A spokesperson said, “The new arrangement supports and extends EAP’s existing counselling, outplacement... Read more of this article
Bermuda Stock Exchange Report: Feb 28 2018
February 28 saw 3,300 shares trade on the Bermuda Stock Exchange, valued at $149,600.00 BD. 3,300 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.1% at $45.50 per share. The BSX finished at 2,561.75, down 0.87% 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
