Category: Business
AXIS & ABIR Pay Tribute To Michael Butt
[Updated] The Association of Bermuda Insurers & Reinsurers [ABIR] paid tribute to the late Michael Butt saying he was an “industry legend” and a “passionate voice for the Bermuda market.” ABIR Chair and CEO of Hamilton Insurance Group Pina Albo said, “Michael was an industry legend. His leadership over decades was significantly... Read more of this article
Global Networks, Fight Against Cancer Lecture
CariGenetics will be hosting a public lecture at the Bermuda College on Monday [Feb 13] featuring South African scientist, Professor Zodwa Dlamini. A spokesperson said, “On Monday, 13 February 2023, CariGenetics will be hosting a public lecture at the Bermuda College. Entitled Exploiting Global Networks For The Fight Against Cancer, the lecture... Read more of this article
Aim To Reduce Harassment In Workplace
“Bullying and harassment in the workplace remain a problem and the Bermuda Government is committed to ensuring that there are reduced incidents,” the Government said. A Government spokesperson said, “Every individual should feel that relevant safeguards are in place to protect them from being violated at their place of employment and... Read more of this article
Mitchell Joins Xceedance Board Of Directors
Xceedance, a global provider of digital transformation solutions, technology, and analytical services to the insurance industry, announced the addition of Nicole Mitchell to its board of directors. A spokesperson said, “Mitchell brings more than 15 years of experience in the technology and re/insurance industries to the board at Xceedance. She... Read more of this article
Rosewood Donates $5,000 To Family Centre
Rosewood Bermuda has made a $5,000 donation to benefit the Family Centre, a nonprofit organization dedicated to improving families’ lives. A spokesperson said, “Raised via silent auction during the first annual ‘Rosewood Cup,’ a signature golf tournament held by Rosewood Bermuda from November 25 – 27, 2022, the donation kicks off a renewed... Read more of this article
Chamber’s 2023 Budget Breakfast Sold Out
The 2023 Budget Breakfast event, which will be hosted by the Bermuda Chamber of Commerce, has sold out. A spokesperson said, “The Annual Budget Breakfast event, which will be hosted by the Bermuda Chamber of Commerce at the Hamilton Princess Hotel on Monday, 20th February, has generated tremendous interest this year. In less than a week, 350 seats... Read more of this article
RenRe Declares $0.38 Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. today voted to increase the Company’s quarterly dividend to $0.38 per common share, from $0.37 per common share. The Company has increased its dividend during each of the twenty-eight years since its initial public offering. The dividend is payable on March 31, 2023, to shareholders of record... Read more of this article
LOM: No Share Repurchases For January
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced no share repurchases for January 2023. LOM Financial is a publicly-held, international financial services company, providing a complete range of investment services and products, with offices in Bermuda, Bahamas, Cayman, and the UK. Related Stories Navium Launches Constellation... Read more of this article
Jay-Z & Bacardi Reach Deal On Cognac Venture
Music mogul Jay-Z and Bermuda headquartered Bacardi announced a long-term agreement in which Bacardi will acquire a majority interest in the multi-billion-dollar D’USSÉ cognac brand from Jay-Z and “he will retain a significant ownership stake in the brand.” This follows after what has been described as “months of contentious... Read more of this article
St. Regis Ranked As Bermuda’s Best Hotel
The St. Regis Resort “is the number one best hotel in Bermuda” according to a ranking done by outlet U.S. News & World Report. Rosewood, the Hamilton Princess, Royal Palms, and Cambridge Beaches also received mentions in the ranking list. The U.S. News website said, “U.S. News & World Report, publisher of Best Vacations, Best... Read more of this article
White Mountains Reports Fourth Quarter Results
White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $1,457 and adjusted book value per share of $1,495 as of December 31, 2022. Book value per share and adjusted book value per share increased 1% and 2% in the fourth quarter of 2022. Book value per share and adjusted book value per share increased 24% and 26% in the year ended... Read more of this article
Bermuda Stock Exchange Report: Feb 8 2023
February 8 saw 1,571 shares trade on the Bermuda Stock Exchange, valued at $49,810.80 BD. 1,571 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.6% at $32.50 per share. The BSX finished at 2,339.21, up 1.16% on the day. There was 1 advance, 0 declines, and 67 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
