Category: Business
A.M. Best Affirms Ratings Of Hamilton Re
A.M. Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of Hamilton Re, Ltd. [Hamilton Re] [Bermuda], Hamilton Specialty Insurance Company [HSIC] [Wilmington, Delaware] and Hamilton Insurance Company [HIC] [Wilmington, Delaware]. The outlook of these Credit Ratings is stable. The ratings... Read more of this article
Butterfield Bank Supporting ‘Seabin’ Program
The Bank of Butterfield has joined the Seabin Global Pilot Program, and will install the pre-series V5 Hybrid Seabin at the marina at Hamilton Princess & Beach Club. The Seabin is a ‘floating trash can’ placed at marinas, docks, yacht clubs and commercial ports around the world as a part solution to the current global littering problem. Water... Read more of this article
Stephen Catlin To Retire As XL Deputy Chairman
XL Group Ltd announced the retirement of Stephen Catlin, Executive Deputy Chairman, effective December 31, 2017. In connection with his retirement, Mr. Catlin has notified the Company of his intention not to stand for re-election to the Company’s Board of Directors at the upcoming Annual General Meeting scheduled for May 19, 2017. Mr. Catlin will... Read more of this article
‘Norwegian Epic’ Ship Makes Inaugural Visit
The largest NCL cruise ship by tonnage to visit Bermuda, the Norwegian Epic, came along side Heritage Wharf this morning on its inaugural visit to the island. The deep draft ship took advantage of last year’s dredging of the North Channel to put into Bermuda. It was scheduled to leave port this evening, bound for Madeira in Portugal. Captain Frank... Read more of this article
WISeKey Completes Acquisition Of QuoVadis
WISeKey International Holding Ltd, a leading Swiss cybersecurity and IoT company, has completed the previously announced acquisition of QuoVadis Holdings Ltd, a leading cybersecurity company with operating activities in Switzerland, Germany, the Netherlands, Belgium, the United Kingdom and Bermuda. The company said, “The consideration paid to... Read more of this article
Bermuda Paint Celebrates 60 Years In Business
Bermuda Paint is celebrating its 60th anniversary, and said they have their “loyal customers and talented employees to thank for reaching this milestone and look forward to many more years.” Founded in 1957, Bermuda Paint has grown to include a retail shop and their own line of paints specifically developed for Bermuda’s climate. 9 employees... Read more of this article
PartnerRe Completes Acquisition Of Aurigen
Bermuda-based PartnerRe Ltd. announced the successful completion of its previously announced acquisition of North American life reinsurance company, Aurigen Capital Limited. Since its formation in 2007, Aurigen has provided risk and capital management solutions tailored to specific customer needs, with its core business being the reinsurance of life... Read more of this article
Online System To Assist With Payroll Tax
The Certus Group and CloudSuitePro said they are offering an online solution that “provides complete Bermuda payroll including the recent proposed payroll tax changes.” “The system easily handles all deductions at the various tiers for hourly, weekly, monthly, salaried and cross departmental employees along with any other variations... Read more of this article
Willis Re Release 1st View Renewals Report
2016 generated an acceptable though reduced return for the global reinsurance industry and consequently the 1 April 2017 renewal season has largely followed the direction set at 1 January, according to the latest 1st View renewals report from Willis Re, the reinsurance division of Willis Towers Watson [WLTW], the global advisory, broking and solutions... Read more of this article
Bermuda Stock Exchange Report: April 3 2017
April 3 saw 15,300 shares trade on the Bermuda Stock Exchange, valued at $167,850.00 BD. 9,000 shares were traded by One Communications Ltd, closing even at $2.60 per share, while another 4,300 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.50 per share. 2,000 shares were traded by Argus Group Holdings Ltd, closing down 5.3%... Read more of this article
Casino License Application Process To Start
The Bermuda Casino Gaming Commission has initiated the Casino Application Process for the Island’s first casinos, with the period for filing an application for a casino licence beginning on April 17th and closing on July 21st. The Notice, as posted on the Commission’s website, said: Notice is hereby given by the Bermuda Casino Gaming Commission... Read more of this article
Ian Cook Appointed Chair Of TLF Board
The Technology Leadership Forum [TLF], a Bermuda registered charity that assist in the development of young Bermudians who are interested in and embarking in careers in Information and Communication Technology [ICT], announced the appointment of Mr Ian Cook as Chair of its Board of Directors. Mr. Cook takes over from Ms. Sandra DeSilva, the charity’s... Read more of this article
