Category: Business
Bermuda Stock Exchange Report: Feb 19 2024
February 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,239.74, even on the day. There were 0 advances, 0 declines, and 49 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: April 30 2024 Bermuda Stock... Read more of this article
September Consumer Price Index: Inflation 2.4%
The Ministry of Economy and Labour released the September 2023 Consumer Price Index [CPI] from the Department of Statistics today [Feb 19]. A Government spokesperson said, “In summary, consumers paid 2.4 per cent more in September 2023 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. This level... Read more of this article
AM Best Upgrades CG United Insurance Ratings
AM Best has upgraded the Financial Strength Rating and the Long-Term Issuer Credit Rating of CG United Insurance The ratings agency said, “AM Best has upgraded the Financial Strength Rating [FSR] to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] to “a” [Excellent] from “a-” [Excellent] of CG United... Read more of this article
AM Best Downgrades Credit Ratings Of 777 Re
AM Best has downgraded the Financial Strength Rating of 777 Re. Ltd., citing concerns over the company’s “marginal operating performance, very limited business profile and weak enterprise risk management.” The ratings agency said, “AM Best has downgraded the Financial Strength Rating to C- [Weak] from B [Fair] and the Long-Term... Read more of this article
Shipping Schedule: Week Starting Feb 17
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, February 17th. On Sunday the Norwegian Getaway cruise ship is expected, on Monday the Oleander container ship will arrive, and on Wednesday the Tranquil Ace vehicles carrier and the Grit Cement bulk carrier are scheduled... Read more of this article
Bermuda Stock Exchange Report: Feb 16 2024
February 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,239.74, even on the day. There were 0 advances, 0 declines, and 49 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda... Read more of this article
Chamber Response To The 2024/2025 Budget
The Bermuda Chamber of Commerce said they “applaud the Government’s achievement of presenting a balanced budget for the first time in nearly two decades and welcomes the decision not to impose new taxes on neither employers nor employees.” A spokesperson said, “The Chamber endorses a budget aimed at fostering economic growth... Read more of this article
Deloitte Release 2024/25 ‘Budget Snapshot’
Following the delivery of the 2024 Budget by Premier David Burt this morning [Feb 16] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech in an easy to read format. You can click here to view our live blog, and click here to view all our coverage of the 2024 Budget. The... Read more of this article
Appleby Bermuda Top-Ranked In Chambers
Law firm Appleby has received top rankings in Bermuda in the 2024 Chambers Global Legal Guide. Appleby’s Bermuda office has been ranked in Band 1, the highest tier, in three categories: Corporate & Finance, Dispute Resolution and Insurance. A spokesperson said, “Appleby also has 10 lawyers ranked across the categories: “Corporate &... Read more of this article
PartnerRe Declares Dividend On Shares
PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 15, 2023 – March 14, 2024 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on March 15, 2024 to shareholders of record on February 29, 2024. Related Stories PartnerRe... Read more of this article
Watlington Waterworks Declares $0.25 Dividend
In a filing with the Bermuda Stock Exchange, Watlington Waterworks Ltd. announces a declaration of dividend. The full filing stated, “At a recent meeting of the Board of Directors, it was agreed that a dividend in the amount of BD$0.25 per share will be declared to the shareholders of record as at 15 March 2024. The payment date for the dividend... Read more of this article
Bermuda Stock Exchange Report: Feb 15 2024
February 15 saw 2,949 shares trade on the Bermuda Stock Exchange, valued at $88,470.00 BD. 2,949 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.4% at $30.00 per share. The BSX finished at 2,239.74, up 2.45% on the day. There was 1 advance, 0 declines, and 48 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Clarien To Donate Over $130,000 To Charities
Clarien Bank announced its corporate giving plans for 2024, committing to donate over $130,000 to twelve charitable organizations. A spokesperson said, “Clarien Bank, a leading financial institution committed to making a positive impact in the Bermuda community, is proud to announce its corporate giving initiatives for the year 2024. The bank... Read more of this article
New Local Products Available On BermudAir
BermudAir added three new companies to its roster of local partners for inflight services; with Confections, Bermuda Trail Mix and Bermuda Gin Company the latest suppliers providing local products for the airline’s inflight food and beverage offerings. “We’re delighted to formally welcome Confections, Bermuda Trail Mix and Bermuda Gin Company... Read more of this article
Conyers Recognized In 2024 Chambers Guide
Conyers’ key Bermuda legal practices have again been recognised as market-leading in Bermuda by law firm directory Chambers and Partners in its newly released Global Guide 2024, having once again secured Band 1 rankings across three key practice areas: Corporate & Finance, Insurance, and Dispute Resolution. A spokesperson said, “Conyers’... Read more of this article
Carey Olsen Ranked Well In Chambers Guide
Carey Olsen was recognized as a leading Bermuda-based law firm in the Chambers Global 2024 guide. A spokesperson said, “Carey Olsen Bermuda Limited has been recognised as a leading Bermuda law firm in the newly released Chambers Global 2024 guide, with a promotion to Band 1 for Dispute Resolution and sustained Band 2 rankings for its Corporate... Read more of this article
