Category: Business
Bermuda Stock Exchange Report: March 30 2017
March 30 saw 3,200 shares trade on the Bermuda Stock Exchange, valued at $100,975.00 BD. 3,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.3% at $31.50 per share. The BSX finished at 1,940.43, up 2.37% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Urban Cottage Partners With Juliana Gibbons
Urban Cottage will debut a brand new collection from Bermuda’s own Juliana Gibbons on Friday evening [March 31], with the special event set take place from 6.00pm at Urban Cottage. The Front Street shop, known for its selection of Bermudian curios and fashion-forward clothing lines, partnered with the Local Designer Showcase as part of this year’s... Read more of this article
Endurance Upgraded Following Acquisition
A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating [FSR] to A+ from A, and the Long-Term Issuer Credit Ratings to “aa-” from “a” of Bermuda-based Endurance Specialty Insurance and its subsidiaries. A.M. Best also has upgraded the Long-Term ICR to “a-” from “bbb” and the Long-Term... Read more of this article
Novae Quota Share Agreement With Fidelis
Novae Group plc, the specialist listed Lloyd’s insurer, has entered into a quota share agreement with Fidelis Insurance Bermuda Limited [FIBL] covering Syndicate 2007’s US Property Catastrophe Treaty excess of loss portfolio for 2017. Richard Holden, Head of North American Underwriting at FIBL, commented: “We have great respect for the Lloyd’s... Read more of this article
Athene Holding Announce Pricing & Upsizing
Bermuda-based Athene Holding Ltd. announced the pricing of an underwritten secondary offering of 27,500,000 of its Class A common shares, an increase of 2,500,000 Class A common shares from the original offering amount, at a price to the public of $48.50 per share. All of the Class A common shares are being sold by certain shareholders of Athene, and... Read more of this article
A.M. Best Affirms Ratings Of Third Point Re
A.M. Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” of Third Point Reinsurance Company Ltd. [TPRCL] [Bermuda] and Third Point Reinsurance [USA] Ltd. [TPRUSA] [Bermuda]. A.M. Best also has affirmed the Long-Term ICRs of “bbb-” of Third Point Re [USA] Holdings,... Read more of this article
Bermuda Stock Exchange Report: March 29 2017
March 29 saw 3,634 shares trade on the Bermuda Stock Exchange, valued at $94,017.00 BD. 1,952 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.0% at $30.50 per share, while another 1,682 shares were traded by BF&M Ltd, closing down 1.2% at $20.50 per share. The BSX finished at 1,895.46, up 0.61% on the day. There was 1 advance, 1... Read more of this article
Conyers Rebrands Client Services Business
Conyers Dill & Pearman is rebranding the Codan group of companies to Conyers Client Services. Conyers Client Services provides corporate administration, secretarial, trust and management services to entities established in Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius. Conyers Dill & Pearman has a worldwide reputation... Read more of this article
Photos & Video: Pie Factory Grand Opening
The Pie Factory celebrated their official grand opening at their Parliament Street location today [March 29], marking their first year at the new location. Owner Sonia Furbert said, “We have worked for over 20 years to run The Pie Factory and it is an honor to be able to offer our loyal patrons the same food and service they have grown to love over... Read more of this article
Coaching Can Improve Your Corporate Culture
There’s a manager at your company who isn’t working well with the team and bringing down the overall morale. Or maybe it’s time to think about succession planning at your company and to start to train the next generation of young professionals to take on more leadership roles within your firm. Either way a corporate coach can help, Pamela Barit... Read more of this article
New Initiatives For Hospitality Month Celebration
Scavenger hunts, great prizes and events – that’s just some of the excitement on offer for April’s Hospitality Month celebrations, hosted by the Bermuda Hospitality Institute. According to Malika Cartwright, BHI’s Executive Director, this year’s event aims to get as many Bermuda residents and visitors involved as possible, starting with a... Read more of this article
BII Offer Seminar On ‘Bad Faith Exposures’
The Bermuda Insurance Institute [BII] is offering a session for insurance professionals designed to address issues with regards to bad faith exposures under follow-form liability policies. Topics to be addressed include jurisdiction of US courts, standards of conduct, bad faith and the duty to defend, interaction between excess carriers, and pursuing... Read more of this article
