Category: Business
RenaissanceRe Celebrates 30th Anniversary
RenaissanceRe Holdings is celebrating its 30th anniversary today. The Company was founded in Bermuda in 1993 as an underwriter of property catastrophe and specialty reinsurance and has evolved into a leading global property, casualty and specialty reinsurer with platforms in seven countries and $9.2B in gross written premium in 2022. Kevin J. O’Donnell,... Read more of this article
Howden Hires Three People In UK & Bermuda
Howden, the international insurance broker, today announces the appointment of three hires in London and Bermuda. A spokesperson said, “All three joined in May 2023 and are part of a wider strategy to meet increased client demand for specialist Casualty solutions in these respective markets. “In London, Chris Harris joins Howden’s growing... Read more of this article
FIL Limited Win Blood Drive Competition
Bermuda Hospitals Board congratulated FIL Limited for winning the tenth Corporate Blood Drive. A spokesperson said, “The annual competition included 16 local companies. The competition has every blood donation from an employee or an employee’s friends and family count towards each company’s total. “The winner’s trophy was presented to FIL... Read more of this article
Welch Appointed As Chief Underwriting Officer
Aspen Insurance Holdings has appointed John Welch as Chief Underwriting Officer, Reinsurance, starting on June 26. A spokesperson said, “John brings over 30 years of global experience in reinsurance, including executive roles across global players. He was most recently Chief Executive, Domestic Markets at AXA XL Re, where he led local reinsurance... Read more of this article
CG Host Talk With Trevor Noah & Glenn Jones
Over 600 people gathered on June 10th for “Belong Everywhere: A Discussion with Trevor Noah,” an event organized by CG Insurance in conjunction with their Zest Wellness Programme and hosted by Glenn Jones. A spokesperson said, “The audience, consisting of CG medical clients who utilize the CG Wellness Programme and CG staff members, were... Read more of this article
Leaders Aim To Create Climate Risk Solutions
The second annual Bermuda Climate Summit, presented by the Bermuda Business Development Agency [BDA], in partnership with KBRA, will be held later this month. A spokesperson said, “With the effects of climate change ever more apparent, the stage is set for global experts to devise climate risk solutions at the second annual Bermuda Climate Summit,... Read more of this article
BF&M Share Repurchases For May 2023
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of May 2023 the company has purchased the following shares: Related Stories Veronica Swan DeGraff Earns BF&M Scholarship BF&M & Argus Summer Internship Programme Photos & Video: BF&M Breast... Read more of this article
Bermuda Stock Exchange Report: June 13 2023
June 13 saw 9,322 shares trade on the Bermuda Stock Exchange, valued at $120,174.50 BD. 5,000 shares were traded by LOM Financial Limited, closing even at $5.10 per share, while another 3,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.5% at $29.00 per share. 1,322 shares were traded by Argus Group Holdings Ltd, closing even at... Read more of this article
BELCO E-Billing Campaign Winners Announced
BELCO announced the winners of a prize draw for $500 and $250 BELCO gift certificates for customers who have switched from paper billing to e-billing, with Dawnette Bell winning the $500 gift certificate, while Latisha Perenchief-Leader won the $250 gift certificate. A spokesperson said, “The ebilling prize draw ran through the month of May... Read more of this article
Xtreme Sports Fun Zone To Permanently Close
Saying that it is “no longer financially feasible for us to continue operating,” Xtreme Sports Fun Zone in St David’s will permanently close its doors on September 3rd, with the company noting that “the closure of Fun Zone will not affect the operations of Xtreme Sports Ltd., which consists of rentals, team building and event... Read more of this article
Bermuda Stock Exchange Report: June 12 2023
June 12 saw 36,800 shares trade on the Bermuda Stock Exchange, valued at $198,695.00 BD. 25,000 shares were traded by LOM Financial Limited, closing even at $5.10 per share, while another 100 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $27.50 per share. 611,700 shares were traded by Argus Group Holdings Ltd, closing up 1.7%... Read more of this article
AM Best On Argus & BF&M’s Credit Ratings
AM Best has commented on the credit ratings both BF&M and Argus Group following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M for $100 million. BF&M Limited A statement from the ratings agency said, “AM Best has commented that the Credit Ratings of BF&M Limited [BF&M] and its insurance... Read more of this article
