Category: Business
Saturday Dock Access For Container Collection
After a successful two-week trial period, Stevedoring Services will continue to provide access for container only collection service on Saturday mornings between the hours of 8:00am – 1:00pm until the commencement of Americas Cup, Polaris Holding Company CEO Warren Jones said. “This extended service has been initiated because of the major... Read more of this article
Photos: MarketPlace Team Receive Certificates
The MarketPlace Group of Companies held an intensive one week retail training session for eleven of its Bermudian Management Team, with the course put on by Tom Schaefer, Training Facilitator of SuperValu University. SuperValu University –based in Minneapolis, Minnesota — started in 1957, and is owned by SuperValu Inc, one of the largest... Read more of this article
Over 100 People Attend Q&A Panel Session
KPMG in Bermuda hosted over 100 professionals from across Bermuda’s Banking, Insurance, Investment, and Legal sectors at a Q&A panel session on Tuesday, May 2nd at the Trade Winds Auditorium of the BUEI. Panellists from the Office of the National Anti-Money Laundering Committee [NAMLC] and the Bermuda Monetary Authority [BMA] responded to questions... Read more of this article
Shipping Schedule: Week Starting May 6
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 6th. On Monday the Oleander container ship, the Taurogas liquefied gas carrier, and the Norwegian Dawn and the Anthem of the Seas cruise ships are expected, and on Tuesday the Gulden Leeuw sailing ship, the Prinsendam... Read more of this article
Bermuda Stock Exchange Report: May 5 2017
May 5 saw 7,570 shares trade on the Bermuda Stock Exchange, valued at $90,734.50 BD. 6,300 shares were traded by Ascendant Group Limited, closing even at $8.50 per share, while another 770 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $34.00 per share. 500 shares were traded by BF&M Ltd, closing up 1.7% at $20.95 per share. The... Read more of this article
OneBeacon Credit Ratings Placed Under Review
A.M. Best has placed under review with positive implications the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” of Atlantic Specialty Insurance Company [Atlantic Specialty] [New York, NY] and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group. A statement... Read more of this article
Bermuda Stock Exchange Report: May 4 2017
May 4 saw 5,559 shares trade on the Bermuda Stock Exchange, valued at $93,326.50 BD. 2,500 shares were traded by BF&M Ltd, closing even at $20.60 per share, while another 2,000 shares were traded by One Communications Ltd, closing up 1.4% at $2.94 per share. 1,059 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.5% at $34.00 per... Read more of this article
IDF: ‘Build Economic And Human Resilience’
Leading insurance and risk management experts from around the world gathered at RIMS 2017 to outline ways risk management efforts can bolster economic development and improve the speed and effectiveness of recovery efforts after natural disasters. The Insurance Development Forum [IDF], a public/private partnership of the United Nations, World Bank and... Read more of this article
PartnerRe First Quarter Net Income: $38 Million
Bermuda-based PartnerRe Ltd. reported a net income available to common shareholder of $38 million for the first quarter of 2017 compared to $201 million for the same period of 2016. Operating earnings were $44 million for both first quarters of 2017 and 2016. Net income available to common shareholder includes net realized and unrealized gains on investments... Read more of this article
Cyber, Climate Change & Artificial Turf Risks
On May 10th, the Bermuda Insurance Institute [BII] is hosting a presentation followed by a cocktail reception for insurance professionals about the risks related to cyber, climate change and artificial turf. “Presenters are law partners from New York law firm, Traub Lieberman Straus & Shrewsberry LLP and the presentation will cover the following... Read more of this article
BDA Launches Bermuda Risk Directory Site
The Bermuda Business Development Agency [BDA] has launched a new digital portal targeting global insurance customers and connecting them to Bermuda’s top-tier market for risk coverage. The Bermuda Risk Directory website [www.brd.bm] offers access to the island’s brokers, as well as insurance, reinsurance, captive insurance, and insurance-linked... Read more of this article
Women In Reinsurance Group Expands Board
Women in Reinsurance [WiRe], the organization for professional women working in the Bermuda reinsurance sector, today announced three appointments to its board, with Tracey Gibbons, Peta White and Stephen Young being appointed. “It speaks volumes to the impact that WiRe has made on the Bermuda marketplace to date that Tracey, Peta and Stephen have... Read more of this article
