Category: Business
Endurance Credit Ratings Placed Under Review
Following the confirmation that they will be acquired by Tokyo-based Sompo Holdings, A.M. Best has placed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Endurance Specialty Insurance Ltd. and its rated affiliates under review with positive implications. Concurrently, A.M. Best... Read more of this article
Garrod: Brexit Could Bring Business To Bermuda
Volatility and uncertainty caused by the Brexit vote is likely to lead to new business and jobs in Bermuda, according to one of the Island’s corporate lawyers. Chris Garrod, a Director in the Corporate department of Conyers Dill & Pearman, said Bermuda had laid all the right foundations to benefit from the outcome of Brexit. “My belief is that... Read more of this article
Intrepidus Appoints Eddie Gouveia-DeSousa
Intrepidus Insurance Services, a local insurance broker, announced the appointment of Bermudian Edward [Eddie] Gouveia-DeSousa as broker. “Intrepidus is a full-service independent insurance broker firm created to assist individuals and businesses in understanding, evaluating and navigating their insurance needs,” the company said. “As... Read more of this article
Japan’s Sompo To Acquire Endurance Holdings
[Updated] Following a report that Sompo Japan ”firmed up plans” to acquire Endurance Specialty Holdings, the Bermuda-based company issued a statement confirming they are “in advanced discussions” with the Tokyo-based global insurance carrier “regarding a potential strategic transaction.” Nikkei Report Nikkei Asian... Read more of this article
Premier Dunkley Visits Schools & Businesses
Engaging and connecting with members of our community was how the Premier Michael Dunkley, spent the majority of yesterday morning, when he visited Morgan’s Point, the Dalton E. Tucker primary school, Sandys Middle School and Camp Hill, Southampton businesses today. “Premier Dunkley – who was joined by the Minister of Education Wayne... Read more of this article
Bermuda Stock Exchange Report: Oct 4 2016
October 4 saw 68,264 shares trade on the Bermuda Stock Exchange, valued at $534,752.20 BD. 53,480 shares were traded by Ascendant Group Limited, closing even at $6.20 per share, while another 6,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $24.50 per share. 5,484 shares were traded by Argus Group Holdings Ltd, closing up... Read more of this article
BIAS Launches ‘Freedom Trading’ Platform
BIAS has announced that it will offer global stock trading for $6.95 [plus two cents per share] through its newly launched Freedom Trading securities internet trading platform. A spokesperson said, “This will be less than half the cost of the most competitively priced internet trading platform on the island and in line with the cost of using... Read more of this article
Andrea Parker Joins EFG Wealth Management
EFG Wealth Management [Bermuda] Ltd. announced that Andrea Parker has joined its wealth management team to “further strengthen the services provided to its client base.” EFG Wealth Management [Bermuda] Ltd. provides services to a range of investors, including High Net Worth Individuals and Institutions including licensed trust companies,... Read more of this article
Somers Ltd September 2016 Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced that during the month of September 2016, Somers purchased 2,900 of its own common shares at an average cost of $13.75 per share. The Shares will be cancelled with immediate effect. Somers Limited is a listed financial services... Read more of this article
PartnerRe Redemption Of $250M Senior Notes
Bermuda-based PartnerRe Ltd. announced that its wholly owned subsidiary, PartnerRe Finance A LLC, has called for the redemption of all $250 million of its outstanding 6.875% Senior Notes due 2018. The redemption date will be November 1, 2016. The redemption price for the Notes will be equal to the greater of [i] 100% of the principal amount of the... Read more of this article
Bermuda Stock Exchange Report: Oct 3 2016
October 3 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,564.72, even on the day. There were 0 advance, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange Report:... Read more of this article
Former Navy Pier Designated As New Sea Port
Bermuda and the United Kingdom have licensed the former US Navy Pier at Morgan’s Point as an official Bermuda Port Facility – the first and only Maritime Seaport in Bermuda on private property. The Legal Port of Entry designation has been granted by the UK Department of Transport. Minister of Tourism, Transport and Municipalities Michael Fahy... Read more of this article
