Category: Business
Validus Reports Net Income Of $94.6 Million
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common shareholders... Read more of this article
AXIS Reports First Quarter Income Of $5M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2017 of $5 million, or $0.06 per diluted common share, compared to $38 million, or $0.41 per diluted common share, for the first quarter of 2016. Albert Benchimol, President and CEO of AXIS Capital, said: “Notwithstanding the pressure... Read more of this article
Bermuda Stock Exchange Report: April 27 2017
April 27 saw 5,500 shares trade on the Bermuda Stock Exchange, valued at $15,950.00 BD. 5,500 shares were traded by One Communications Ltd, closing up 5.5% at $2.90 per share. The BSX finished at 1,990.97, up 0.10% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
OT Register Amendment Withdrawn In UK
Legislation in the British House of Lords that would have forced Bermuda to make public a long standing register of corporate beneficial owners, has been withdrawn, the Ministry of Finance confirmed today, with the Minister of Finance calling it “a good day for Bermuda.” “Bermuda is the only country known to have an up-to-date register... Read more of this article
Marketing Splash For Conference At RIMS
The Bermuda Captive Conference capitalised on the insurance industry’s biggest annual event in Philadelphia this week to build interest and boost registrations leading towards its September 11–13 event. The Bermuda conference, which was shifted from its regular calendar slot in June to this fall due to the America’s Cup, made a marketing splash... Read more of this article
Allied World Reports First Quarter 2017 Results
Allied World Assurance Company Holdings, AG reported net income of $80.3 million, or $0.90 per diluted share, for the first quarter of 2017 compared to net income of $74.1 million, or $0.81 per diluted share, for the first quarter of 2016. The company reported operating income of $47.9 million, or $0.53 per diluted share, for the first quarter of... Read more of this article
Opposition Leader & Senator Attend RIMS
Opposition Leader David Burt and Shadow Minister for Economic Development Senator Kim Wilkerson travelled to Philadelphia this week to support the Bermuda contingent at the RIMS Annual Conference, with Mr Burt saying that “when we are abroad our priority must be to promote Bermuda as economic growth is important for the prosperity of our country.” “The... Read more of this article
Bermuda Stock Exchange Report: April 26 2017
April 26 saw 28,659 shares trade on the Bermuda Stock Exchange, valued at $527,183.90 BD. 14,000 shares were traded by Ascendant Group Limited, closing even at $8.50 per share, while another 9,344 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $32.20 per share. 5,315 shares were traded by BF&M Ltd, closing at an even $20.50... Read more of this article
Validus Reports Net Income Of $94.6 Million
Bermuda-based Validus Holdings reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common... Read more of this article
Arch Capital Reports 2017 First Quarter Results
Bermuda-based Arch Capital Group Ltd. reportED that net income available to Arch common shareholders for the 2017 first quarter was $241.9 million, or $1.74 per share, compared to $149.3 million, or $1.20 per share, for the 2016 first quarter. The Company’s net income available to Arch common shareholders represented an annualized return on average... Read more of this article
Bermuda Praised At RIMS For Role In Risk
The head of the Risk & Insurance Management Society [RIMS] has praised Bermuda’s participation in its 2017 conference and exhibition in Philadelphia this week as a fitting affirmation of the island’s industry stature. “Our friends at Bermuda always bring energy and passion to RIMS Annual Conference and Exhibition,” said RIMS CEO Mary Roth... Read more of this article
Aspen Reports 2017 Q1 Net Income: $96.5M
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $96.5 million, or $1.36 per diluted ordinary share, and operating income after tax of $59.8 million, or $0.79 per diluted ordinary share, for the first quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “Aspen recorded positive underwriting contributions... Read more of this article
