Category: Business
Chief Justice Kawaley Attends Meeting In UK
Bermuda’s Commercial Court has joined the Standing International Forum of Commercial Courts which had its inaugural meeting in London on May 4-5, 2017, with Chief Justice Dr Ian Kawaley representing Bermuda’s Commercial Court at last week’s meeting. Initiated by the Lord Chief Justice of England & Wales Sir John Thomas, the Forum aims to... Read more of this article
Bermuda Stock Exchange Report: May 11 2017
May 11 saw 28,674 shares trade on the Bermuda Stock Exchange, valued at $244,167.00 BD. 28,074 shares were traded by Ascendant Group Limited, closing down 2.9% at $8.25 per share, while another 600 shares were traded by BF&M Ltd, closing up 0.2% at $21.00 per share. The BSX finished at 2,073.34, down 0.10% on the day. There was 1 advance, 1 decline,... Read more of this article
TCD & BECL Will Open Again Tomorrow
TCD and the Bermuda Emissions Control testing centre on North Street will be open tomorrow [May 12], after being closed today and part of yesterday, due to the absence of running water. A spokesperson said, “The Transport Control Department [TCD] and the Bermuda Emissions Control Ltd. [BECL] testing centre on North Street are expected to be open again... Read more of this article
IRM Presentation On 2017 Hurricane Season
The Institute of Risk Management [IRM] Bermuda Group will be hosting a presentation on ’2017 Hurricane Season in Bermuda: Outlook and Preparation’ on Thursday, May 18 from 8.30am to 10.00am at Zurich Insurance Company at Wellesley House on Pitt’s Bay Road. Steve Cosham, National Disaster and Public Events Coordinator from the Ministry... Read more of this article
Driscoll Named President Of Validus Holdings
Validus Holdings, Ltd. announced that Kean Driscoll has been named President of the Company, effective immediately. Mr. Driscoll will continue to serve as the Chief Executive Officer of Validus Reinsurance, Ltd., the position he has held since 2012. Ed Noonan, Chairman and Chief Executive Officer of Validus, said, “Kean has been an outstanding leader... Read more of this article
Catalina Completes Acquisition Of HFPI & DLM
Catalina Holdings [Bermuda] Ltd announced that its wholly owned subsidiary Catalina Holdings UK Limited has completed its acquisition of Hartford Financial Products International Limited [HFPI] and Downlands Liability Management Limited [DLM] from The Hartford Financial Services Group Inc. following approval from the Prudential Regulation Authority... Read more of this article
Bermuda Stock Exchange Report: May 10 2017
May 10 saw 40,071 shares trade on the Bermuda Stock Exchange, valued at $116,191.50 BD. 40,071 shares were traded by One Communications Ltd, closing down 1.4% at $2.90 per share. The BSX finished at 2,075.37, down 0.03% on the day. There were 0 advances, 2 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
AXIS Capital: Henry To Retire, Vogt Appointed
Bermuda-based AXIS Capital Holdings Limited announced that Chief Financial Officer Joseph Henry will retire at the conclusion of 2017, and current AXIS Insurance Chief Operating Officer Peter Vogt will become CFO, effective January 1, 2018. Mr. Vogt will be appointed Deputy CFO in July with the transition process to occur through the end of the year. Mr.... Read more of this article
Ascendant Group 2016 Earnings: $13.9 Million
Ascendant Group Limited announced core earnings in 2016 of $13.9 million compared with $13.8 million in 2015. “Bermuda Electric Light Company Limited [BELCO] reported a 36% increase in operating earnings to $24.3 million, largely due to an increase in basic tariff rates effective June 2016,” the company said. “AG Holdings Limited [AG... Read more of this article
BDA/Bloomberg Event In New York On May 17th
The Bermuda Business Development Agency [BDA] will co-host a special live media event at Bloomberg headquarters in New York City next week, convening senior US business leaders for in-depth panel discussions on issues important to the Bermuda market. Michael Bloomberg, former New York Mayor and founder of Bloomberg LP, will open the three-hour afternoon... Read more of this article
Videos: Bermuda Leaders On AM BestTV
Bermuda government, industry and regulatory leaders have been featured on AM BestTV following RIMS 2017 interviews in which they discussed the strength of the island’s insurance market, Bermuda’s regulatory leadership, the upcoming America’s Cup, and the impact of fast-changing geopolitics such as Brexit and US tax reform. The interviews were... Read more of this article
Bermuda Stock Exchange Report: May 9 2017
May 9 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $29,400.00 BD. 10,000 shares were traded by One Communications Ltd, closing even at $2.94 per share. The BSX finished at 2,075.92, even on the day. There were 0 advances, 0 declines, and 62 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
