Category: Business
New Restaurant “FryDays” To Open In Hamilton
[Updated] A new restaurant named FryDays is set to open in Hamilton, with the company saying they “will focus primarily on producing a creative concept with french fries,” and also plan to offer a “complementary menu for the consumer who wants a meal of convenience.” Co-owner Mstira Weeks says that FryDays aim is to “provide... Read more of this article
Aspen Insurance Appoints Lorraine Seib
Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, announced the appointment of Lorraine Seib as Global Head of Excess Casualty. Reporting to David Cohen, President & Chief Underwriting Officer, she will be based in New York and will focus on delivering creative, problem-solving excess casualty coverage solutions... Read more of this article
Bermuda Promoted As “Top-Tier” Jurisdiction
The global re/insurance industry welcomed Premier Michael Dunkley and a full delegation of government and industry representatives from the island during a tour of the Risk and Insurance Management Society [RIMS] annual conference and exhibition in San Diego today, with the Premier noting that they “connected with key industry figures, conducted... Read more of this article
Bermuda Stock Exchange Report: April 12 2016
Today [April 12] saw 65,048 shares trade on the Bermuda Stock Exchange, valued at $115,981.45 BD. 60,235 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.6% at $1.64 per share, while another 4,800 shares were traded by KeyTech Ltd, closing down 3.0% at $3.50 per share. Another 13 shares were traded by Argus Group Holdings Ltd, closing... Read more of this article
BF&M: Shareholders Net Income Of $23.9 Million
BF&M Limited today reported shareholders’ net income for the year ended 31st December 2015 of $23.9 million, resulting in a return on shareholders’ equity of 9.6%. Shareholders’ net income for the comparative twelve month period of 2014 was $21.8 million. President & CEO John Wight stated that “earnings from BF&M’s core businesses... Read more of this article
Daniel Prince Joins Hamilton Underwriting Ltd
Hamilton Underwriting Limited, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced today [April 12] that Daniel Prince has been hired as Head of Professional Indemnity. Reporting to Deputy Active Underwriter and Head of Professional Lines Stuart Quinlan, Mr. Prince will be responsible for... Read more of this article
Bermuda Delegation Showcases Island At RIMS
Bermuda’s delegation of government, industry and regulatory officials had a successful first day showcasing the jurisdiction at the Risk and Insurance Management Society [RIMS] annual conference and exhibition in San Diego, California. Insurance industry media met for interviews at RIMS 2016, with Bermuda’s delegation, including Premier Michael... Read more of this article
Endurance Hires Michael Nardiello As Senior VP
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Mr. Michael Nardiello has joined the company as Senior Vice President, Property Product Leader, Global Risk Solutions. Global Risk Solutions is a recently launched business within Endurance Insurance, targeting large... Read more of this article
Bermuda Stock Exchange Report: April 11 2016
Today [April 11] saw 3,078 shares trade on the Bermuda Stock Exchange, valued at $13,927.16 BD. 2,500 shares were traded by Argus Group Holdings Ltd, closing down 0.6% at $1.65 per share, while the other 578 shares were traded by BF&M Ltd, closing down 1.4% at $17.00 per share. The BSX finished at 1,176.63, up 0.22% on the day. There was 1 advance,... Read more of this article
Consumer Price Index: Inflation Dropped 0.4%
Consumers paid 1.3% more in February 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.4 percentage points from the 1.7% measured in January 2016. The report said, “Between January 2016 and February 2016, the average cost of goods and services in the CPI... Read more of this article
Agreement With UK: Extend Information Sharing
“Over this past weekend Bermuda signed an agreement with the UK to extend our programme of sharing beneficial ownership information from Bermuda’s central register,” Premier Michael Dunkley said today, adding that it ”includes expressed reference to our leading status as the only British Overseas Territory to have a continually... Read more of this article
Aspen Opens New Reinsurance Hub In Dubai
Bermuda-based Aspen Insurance Holdings Limited announced today [April 11] that its reinsurance segment has opened a new hub for the Middle East and Africa in Dubai. The establishment of a reinsurance hub in Dubai is consistent with Aspen Re’s strategy of maximizing opportunities in markets with profitable growth potential, the company said. Stephen... Read more of this article
