Category: Business
Ten New Apprentices Start At Digicel & BTC
The ten successful candidates for the new Digicel & BTC apprenticeship program started this week, which marks the beginning of a three-year training scheme designed to train young Bermudians in the vital role of technical engineers. “Following the influx of over 200 applicants, the ten successful candidates were selected for their exceptional... Read more of this article
NMAC Welcomes New Pulmonary Medical Expert
Dr. Ervin Anaya, lung and intensive care specialist, joins Northshore Medical and Aesthetics Center [NMAC] this month. Dr. Anaya completed his Internal Medicine residency training at East Tennessee State University and his Pulmonary and Critical Care fellowship training at the University of Louisville, Kentucky. He has practiced medicine in Bolivia,... Read more of this article
RA Invites Comment On KeyTech & CellOne Deal
The Regulatory Authority of Bermuda is inviting the public to comment on the proposed KeyTech and CellOne deal, with the response deadline set for February 12th. Comments must reach the Authority no later than 4:00pm on 12 February 2016 to be considered. Comments can be sent to the Authority via email to kmasters@rab.bm, by post or by hand to: Kyle... Read more of this article
Endurance Reports Q4 2015 Financial Results
Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $91.4 million and $1.36 per diluted common share for the fourth quarter of 2015 versus net income of $76.4 million and $1.70 per diluted common share for the fourth quarter of 2014. For the year ended December 31, 2015, Endurance reported net income... Read more of this article
Laura Blee-DeFrias Joins Bermuda Forwarders
Local shipping company Bermuda Forwarders Ltd. has boosted its freight services business with a new hire. Laura Blee-DeFrias [pictured] has joined the company’s ocean import team as Freight Services Manager. Mrs. Blee-DeFrias has 20 years experience in the shipping industry. She started at B.O.S.S. in 1995 and became Managing Director in 1997. As... Read more of this article
Mitsui Sumitomo/Amlin Acquisition Complete
Amlin plc announced the completion of its acquisition by Mitsui Sumitomo Insurance Company, Limited, a wholly-owned subsidiary of MS&AD Insurance Group Holdings, Inc., following receipt of applicable regulatory and legal approvals. MSI has acquired the entire issued and to be issued share capital of Amlin. Charles Philipps, Chief Executive of Amlin,... Read more of this article
PartnerRe January 2016 Non-Life Renewal Data
PartnerRe Ltd. announced that during the January 1, 2016 treaty renewal season it expects to write and bind approximately $2.5 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decrease of 5% from the renewable premium base. The Company renews approximately 65% percent of its total annual Non-Life treaty business... Read more of this article
Bermuda Stock Exchange Report: Feb 3 2016
Today [Feb 3] saw 16,100 shares trade on the Bermuda Stock Exchange, valued at $72,642.00 BD. 13,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.2% at $1.76 per share, while the other 2,900 shares were traded by BF&M Ltd, closing at an even $16.90 per share. The BSX finished at 1,218.71, down 1.43% on the day. There were... Read more of this article
Butterfield To Close Waterfront Banking Centre
The Bank of N.T. Butterfield & Son Limited today [Feb 3] announced that it will close its Waterfront Banking Centre, located at 90 Pitt’s Bay Road in Pembroke, effective 5 February 2016. “The on-site ATM will remain in its current location but will be unavailable for a short period as the space is renovated. The closest Butterfield ATM... Read more of this article
BHeC: 2100 Employees Regain Health Insurance
The Bermuda Health Council [BHeC] enforcement of the Health Insurance Act, in 2015, “resulted in more than 2,100 employees regaining their health insurance coverage and the collection of more than $700,000 in health premiums,” BHeC said today. “The Health Council monitors and enforces employer compliance with the Health Insurance... Read more of this article
Butterfield Introduce $2 ‘Statement Imaging’ Fee
Saying they adjust service fees “based on a variety of factors, including changes in customers’ channel usage preferences and associated transaction volumes,” the Bank of Butterfield has amended their fee structure, including introducing a $2 charge for “statement imaging.” A Bernews reader emailed in about the $2 charge, and... Read more of this article
AXIS Capital 2015 Q4 Net Income: $135 Million
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2015 of $135 million, or $1.39 per diluted common share, compared with net income of $164 million, or $1.60 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders for the full year... Read more of this article
