Category: Business
Bermuda Stock Exchange Report: Dec 20 2024
December 20 saw 150 shares trade on the Bermuda Stock Exchange, valued at $396.80 BD. 50 were traded by Argus Group Holdings Ltd, closing even at $5.00 per share, while the other 100 shares were traded by Bermuda Aviation Services Ltd, closing up 6.1% at $1.75 per share. The BSX finished at 2,514.56, up 0.02% on the day. There was 1 advance, 0 declines,... Read more of this article
BELCO Announce Changes To Electricity Tariffs
BELCO advised that following an approvals process by the Regulatory Authority of Bermuda, electricity tariffs will change for all meters read on or after January 1, 2025, saying that “while base rates will see an increase, the Fuel Adjustment Rate [FAR] will decrease in January, resulting in an overall decrease for the average residential customer.” A... Read more of this article
Bermuda Stock Exchange Report: Dec 19 2024
December 19 saw 700 shares trade on the Bermuda Stock Exchange, valued at $14,000.00 BD. 700 shares were traded by BF&M Ltd, closing up 7.6% at $20.00 per share. The BSX finished at 2,514.01, up 0.52% on the day. There was 1 advance, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
RUBiS Donates Over $25,000 To Charities
RUBiS Energy Bermuda Ltd. donated over $25,000 to local charities through proceeds from the 2024 RUBiS Calendar. A spokesperson said, “As part of its commitment to supporting agencies that assist our community, RUBiS Energy Bermuda Ltd. is pleased to announce that multiple local charities have each received a check for $6,298.00. This donation of... Read more of this article
Minister To Joins Roundtable Discussion
Minister of Economy and Labour Jason Hayward will participate in a roundtable next month to launch a free, online foundational insurance course sponsored by the Association of Bermuda Insurers and Reinsurers [ABIR]. A spokesperson said, “Jason Hayward, JP, MP, the Minister of Economy and Labour, will be among the participants in a roundtable next... Read more of this article
Deloitte Donates $25,000 To Family Centre
Deloitte Bermuda has donated $25,000 to the Family Centre, providing a comprehensive holiday experience for eleven families. A spokesperson said, “Deloitte Bermuda has generously contributed $25,000 to support eleven families through the Family Centre, offering them a comprehensive holiday experience. Deloitte employees, organized into eleven teams,... Read more of this article
Darag Sells North American & Bermuda Entities
Darag Group has completed the sale of its North American and Bermuda business entities to the RiverStone Group, following regulatory approval. A spokesperson said, “Darag Group, a leading legacy acquirer with a focus on the European market, today announced that it has completed the sale of its North American and Bermuda business entities to the RiverStone... Read more of this article
AM Best Revised Conduit’s Outlook To Positive
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Conduit Reinsurance Limited [Bermuda]. A statement from the ratings agency said, “The Credit Ratings [ratings] reflect Conduit Re’s balance sheet strength, which... Read more of this article
Maiden Holdings To Sell Swedish Subsidiaries
Maiden Holdings announced the sale of its Swedish subsidiaries, Maiden General and Maiden Life, to a London-based insurance group in an all-cash transaction. A spokesperson said, “Maiden Holdings, Ltd. announced today that it had entered into an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings [Maiden General] and Maiden... Read more of this article
Butterfield Appoints New Registrar & Agent
The Bank of Butterfield has notified the Bermuda Stock Exchange about the appointment of a new Registrar and Transfer Agent for its Bermuda-registered common shares. The filing stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.16 of the Bermuda Stock Exchange Listing Regulations,... Read more of this article
BILTIR Joins Risk Summit As Platinum Sponsor
BILTIR has joined the 2025 Bermuda Risk Summit as a Platinum Sponsor, with the event themed “Redefining Resilience” and featuring collaborations with top media partners to highlight Bermuda’s leadership in the global [re]insurance industry. A spokesperson said, “The Bermuda International Long Term Insurers and Reinsurers [BILTIR] has... Read more of this article
Bermuda Stock Exchange Report: Dec 18 2024
December 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,501.05, even on the day. There were 0 advances, 0 decline, and 53 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 3 2025 Bermuda Stock Exchange Report: Jan 2 2025 Bermuda Stock Exchange Report:... Read more of this article
