Category: Business
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
Bermuda Stock Exchange Report: April 24 2017
April 24 saw 192,846 shares trade on the Bermuda Stock Exchange, valued at $1,639,566.00 BD. 192,700 shares were traded by Ascendant Group Limited, closing up 6.4% at $8.50 per share, while another 146 shares were traded by BF&M Ltd, closing even at $20.50 per share. The BSX finished at 1,934.94, up 0.25% on the day. There was 1 advance, 0 declines,... Read more of this article
Bermuda Delegation At RIMS In Philadelphia
Premier Michael Dunkley joined Government Ministers and industry representatives from the island today [April 24] to fly the Bermuda flag in Philadelphia during a full delegation’s visit to RIMS 2017. The Bermuda delegation spent the morning speaking to media organisations, including Bloomberg, the Philadelphia Inquirer, and insurance trade press,... Read more of this article
‘Small Wonder: Bermuda’s Super-Sized Impact’
“We are a population of 65,000, and over time we’ve had to find ways to make a living beyond the limits of our natural resources,” Premier Michael Dunkley told attendees at RIMS in Philadelphia, adding that, “Bermuda has a proud history of punching above its weight,” as it is the “standing national challenge we face... Read more of this article
Anne Foster Called To The Bermuda Bar
Anne Foster has been called to the Bermuda Bar, and she joins ASW Law Limited [formerly Attride-Stirling & Woloniecki] dispute resolution team as Senior Counsel. Having obtained her law degree from the University of Leicester, Ms Foster was called to the English Bar by Middle Temple in 1992, and was admitted as an English solicitor in 1997. Before... Read more of this article
Re/Insurers Record $108.5B In Net Premiums
The Bermuda Monetary Authority today [April 24] released the latest market statistics for Bermuda’s [re]insurance sector. “Most recent information based on annual filings shows that overall Bermuda’s [re]insurers recorded $108.5 billion in net premiums [previously $116.2 billion], held $200.8 billion of capital [$214.5 billion] and had total assets... Read more of this article
J&B’s Wood Fired Pizza Looking Forward To AC
“Selected as a healthy alternative to fish sandwiches, burgers, and hot dogs, the start of the 35th America’s Cup will be a big moment for Tim Jackson, his wife Michelle Brock Jackson, and the employees at J&B’s Wood Fired Pizza,” the ACBDA said. “Named as one of the five primary food and beverage vendors for the America’s Cup... Read more of this article
Aecon Awards Four Contracts For Airport
Aecon Group announced today that it has awarded four contracts as “part of the preliminary work to build Bermuda’s first purpose-built airport,” with the contracts awarded to Bermuda-Caribbean Engineering Consultants for surveying work, R.A. Murray with Correia Construction for supply and trucking of gravel, D&J Excavation for excavation... Read more of this article
Casino Commission Appoints Wayne Scott
Wayne Scott began work with the Bermuda Casino Gaming Commission on April 3, 2017, the BCGS confirmed, with Mr Scott serving as the Chief Technology Officer. Executive Director Richard Schuetz explained that the advertisement for the Chief Technology Officer position ran starting on October 1, 2016, with a closing date of November 10, and was also... Read more of this article
ABIR Release 2016 Global Underwriting Results
The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2016 global underwriting results for its member re/insurers, with 21 of 23 members participated in the report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 21 re/insurers wrote $92.296 billion... Read more of this article
Hamilton Re Continues Portfolio Diversification
Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced today that it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Limited’s [Sompo Canopius] excess casualty insurance book of business. The transaction is expected to close mid-year. In addition, Sompo Canopius underwriters Stephen Hartwig and Jeremy... Read more of this article
First Student-Run Captive Insurer To Launch
An American university has chosen Bermuda as its domicile for the first known student-run captive insurance company. Students enrolled in the Davey Risk Management & Insurance Program at Butler University’s Lacy School of Business in Indianapolis, Indiana, were granted licensing approval from the Bermuda Monetary Authority [BMA] this month to... Read more of this article
