Category: Business
Everest Re Group’s 2017 First Quarter Results
Bermuda-based Everest Re Group, Ltd. reported first quarter 2017 net income available to common shareholders of $291.6 million, or $7.07 per diluted common share, compared to net income of $171.7 million, or $4.00 per diluted common share for the first quarter of 2016. After-tax operating income1 available to common shareholders was $259.5 million,... Read more of this article
Propertyskipper Launches New Website
Propertyskipper.com, a property search website operating in Bermuda, Barbados and Guernsey, has launched their new Bermuda website. Propertyskipper.com initially launched in Bermuda in January 2013 and has expanded since inception and now advertises the listings of over 30 real estate agents in Bermuda. “Our platform continues to grow both in Bermuda... Read more of this article
Reinsurers To Adapt To Higher UK Injury Costs
U.S. and Bermuda insurers and reinsurers that cover bodily injury claims in the U.K. will adapt quickly to higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, Fitch Ratings says. “However, the need to set aside extra reserves for U.K. risks adds to the pressure they are facing... Read more of this article
Bermuda Stock Exchange Report: April 25 2017
April 25 saw 13,400 shares trade on the Bermuda Stock Exchange, valued at $179,380.00 BD. 10,400 shares were traded by Ascendant Group Limited, closing even at $8.50 per share, while another 3,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.7% at $31.85 per share. The BSX finished at 1,973.17, up 1.98% on the day. There was 1 advance,... Read more of this article
Bermuda Delegation At RIMS, Temple University
It was another full day at the 2017 RIMS Annual Conference, as the Premier Michael Dunkley and Bermuda’s delegation of government, industry and regulatory representatives were officially welcomed at the event in Philadelphia today [April 25]. RIMS CEO Mary Roth and President Nowell Seaman greeted the Premier, who was accompanied by Finance Minister... Read more of this article
Butterfield Bank Q1 2017 Net Income: $35.9M
The Bank of N.T. Butterfield today announced net income for the first quarter ended 31 March 2017 of $35.9 million, an increase of $0.5 million compared to $35.4 million earned in the fourth quarter of 2016 and an increase of $9.1 million compared to $26.8 million earned in the same quarter a year ago. Core earnings for the first quarter ended 31 March... Read more of this article
Intellectual Property: ‘Innovation Improving Lives’
April 26th marks World Intellectual Property Day and the Registry General will join other Intellectual Property Personnel around the world to celebrate World Intellectual Property Day with a view to raise awareness. The theme for World Intellectual Property Day 2017 is “Innovation – Improving Lives” which encourages us to reflect on how innovation... Read more of this article
Bermuda Pies To Be Available At AC Village
Kris Furbert, the owner of Bermuda Pie Company is one of five local businesses to be selected as a primary food and beverage vendor, serving the public at the America’s Cup Village. Here he talks about his decision to get involved, what he believes the 35th America’s Cup will bring to the island, and the pie he has created just for the occasion. 1.... Read more of this article
Video: Caroline Bay Marina Holds ‘Dock Wetting’
Caroline Bay Marina held a ‘dock wetting’ yesterday to celebrate the completion of phase one of Bermuda’s newest superyacht marina. Caroline Bay Marina started actual construction in November 2016, and the company said that the ”completion of phase one included the structural completion of the 110 berths and mooring spaces which... Read more of this article
Free Seminar On Saving, Budgeting, Investment
People will be able to get expert free advice on saving and budgeting as well as investments during a free seminar, as on Thursday [April 27] Colonial Pension Services will host ‘It’s Your Future … and Your Now’ at the Hamilton Princess. Laurie Daniels, Customer Service Manager with Colonial Pensions Services Limited, said: “Research shows... Read more of this article
New ‘Self-Service Dog Wash’ Business Opens
With a “mission to make bathing your dog easy and affordable on your time schedule,” Indra’s Place Self Service Dog Wash recently opened on Elliott Street West in Hamilton, with the new business offering dog wash machines in order to help people provide their dogs with easy, thorough bathing. The soft opening of Indra’s Place... Read more of this article
LOM Financial Limited Releases 2016 Results
In a filing with the Bermuda Stock Exchange [BSX] LOM Financial Limited announced their financial results to fiscal year end 31 December 2016. In a letter to shareholders, the Company’s CEO stated: To our Shareholders: During 2016 LOM managed to win new clients, raise additional assets and improve our financial performance. Our assets under administration... Read more of this article
