RSSCategory: Business

Charities Share $35K From RUBiS Calendar

Charities Share $35K From RUBiS Calendar

RUBiS Energy Bermuda Ltd. announced that nine local charities will share $35,000.00 generated from the proceeds of the 2021 RUBiS Calendar. These charities are:Bermuda Bicycle Association. Bermuda Society for the Prevention of Cruelty to Animals. Bermuda Zoological Society. Big Brothers / Big Sisters of Bermuda. Friends of Hospice. Open Airways. P.A.L.S. Packwood... Read more of this article

Wayne Caines Elected To CARILEC Board

Wayne Caines Elected To CARILEC Board

BELCO President Wayne Caines was elected to the Caribbean Electric Utility Services Corporation [CARILEC] board of directors. A spokesperson said, “The new Board of Directors [BoD], was elected during CARILEC’s 33rd Annual General Meeting [AGM] which was held virtually this year due to COVID restrictions. The BoD consists of newly elected, re-elected,... Read more of this article

AIRCARE Black Friday Sale On November 26

AIRCARE Black Friday Sale On November 26

AIRCARE Ltd. will be participating in Black Friday on November 26th, with a “number of special promotions for customers which include discounted air conditioning units as well as a 20% discount on multi-zone systems that require a site visit and installation.” A spokesperson said, “AIRCARE will be observing Covid protocols at the Company’s... Read more of this article

Clarien Launches Holiday GiveBack Campaign

Clarien Launches Holiday GiveBack Campaign

In celebration of Clarien’s 15th annual Holiday GiveBack Campaign, the bank is setting a goal to raise $15,000 to support local feeding charity Meals on Wheels. A spokesperson said, “Running from November 22 to December 31, the Holiday GiveBack programme encourages Clarien employees, customers and the community to celebrate the season of giving... Read more of this article

Resolution Re Donates $10,000 To LCCA

Resolution Re Donates $10,000 To LCCA

Resolution Re has donated $10,000 to the Lady Cubitt Compassionate Association [LCCA] to provide additional funding to their General Assistance Program. The funds will be used to provide food vouchers during the Christmas period. Nicole Stuart, Executive Director at LCCA said “As everyone tries to navigate our way to a new normal, many families are... Read more of this article

August 2021 Consumer Price Index Report

August 2021 Consumer Price Index Report

Consumers paid 1.6% more in August 2021 then they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry for the Cabinet Office released the August 2021 Consumer Price Index [CPI] from the Department of Statistics. “In summary, during August 2021 consumers paid... Read more of this article

AM Best Affirms Credit Ratings Of Orion Re

AM Best Affirms Credit Ratings Of Orion Re

AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] of Orion Reinsurance [Bermuda] Ltd. [Orion Re] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Orion Re’s balance sheet strength,... Read more of this article

PartnerRe Declares Preferred Shares Dividend

PartnerRe Declares Preferred Shares Dividend

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period September 15, 2021 – December 14, 2021 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 December 15, 2021 to shareholders of record on November 30, 2021. Related... Read more of this article

Sompo Expands Partnership With Praedicat

Sompo Expands Partnership With Praedicat

Sompo International Holdings Ltd — a global Bermuda-based specialty provider of property and casualty insurance and reinsurance — announced an expanded partnership with Praedicat to use their “emerging risk framework, probabilistic liability catastrophe model and a new litigation tracking capability to further support the proactive... Read more of this article

Afiniti CEO Steps Down After Assault Allegations

Afiniti CEO Steps Down After Assault Allegations

Zia Chishti — an American businessman who served as the CEO of Bermuda-based Afiniti — has stepped down after a former employee alleged that he sexually assaulted her. The company said, “The Board of Directors of Afiniti, Ltd. announces that Mr. Zia Chishti has stepped down from his role as Chairman, Chief Executive Officer, and Director... Read more of this article

Shipping Schedule: Week Starting November 20

Shipping Schedule: Week Starting November 20

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday November 20th.On Sunday the Crystal Symphony cruise ship is expected, on Monday the Oleander container ship will arrive, and on Tuesday the Martorell vehicles carrier is scheduled to arrive. On Wednesday the Somers Isles... Read more of this article

AM Best Revises Outlooks For Oceanview

AM Best Revises Outlooks For Oceanview

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating [FSR] of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” [Excellent] of Oceanview Life and Annuity Company [Oceanview Life] [Denver, CO] and its reinsurer affiliate, Oceanview Reinsurance Ltd. [Oceanview Re] [Hamilton,... Read more of this article

Bermuda Stock Exchange Report: Nov 19 2021

Bermuda Stock Exchange Report: Nov 19 2021

November 19 saw 3,400 shares trade on the Bermuda Stock Exchange, valued at $72,850.00 BD. 3,200 shares were traded by BF&M Ltd, closing at an even $22.50 per share, while the other 200 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $4.25 per share. The BSX finished at 2,666.40, even on the day. There were 0 advances, 0 declines,... Read more of this article