Category: Business
Bermuda Stock Exchange Report: Jan 11 2023
January 11 saw 7,907 shares trade on the Bermuda Stock Exchange, valued at $44,832.69 BD. 7,907 shares were traded by Argus Group Holdings Ltd, closing even at $5.67 per share. The BSX finished at 2,309.65, even on the day. There were 0 advances, 0 declines, and 68 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
System Failure Halts US Flight Departures
The Federal Aviation Administration [FAA] has halted all domestic flight departures across the United States today [Jan 11] “after the system providing pilots with pre-flight safety notices went offline.” A CNN story said, “The Federal Aviation Administration halted all domestic flight departures across the United States Wednesday after... Read more of this article
AXA XL Promote Stephanie Coxall
AXA XL announced that Stephanie Coxall has been promoted to Head of Underwriting Management, UK & Lloyd’s, effective 16 January. In her new role, Ms. Coxall will be responsible for supporting AXA XL’s Chief Underwriting Officer [CUO], UK & Lloyd’s, in executing the regional underwriting strategy and ensuring continued profitability. Commenting... Read more of this article
Numbeo: Bermuda #1 In Cost Of Living Index
Bermuda is ranked number one in the cost of living index by country again in 2023, according to a list compiled by Numbeo.com. Switzerland is second, our fellow British Overseas Territory Cayman Islands is third, Bahamas is fourth, while Barbados is fifth, meaning that 80% of the top five are smaller islands in our region. The Numbeo website said, “You... Read more of this article
Bermuda Stock Exchange Report: Jan 10 2023
January 10 saw 18,757 shares trade on the Bermuda Stock Exchange, valued at $455,314.00 BD. 5,924 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.5% at $31.85 per share, while another 12,833 shares were traded by BF&M Ltd, closing at an even $21.00 per share. The BSX finished at 2,309.65, down 0.35% on the day. There were 0... Read more of this article
Aquarian Closes Acquisition of Somerset Re
Aquarian Holdings announced the closing of its acquisition of Somerset Reinsurance Limited, a leading provider of reinsurance solutions to the U.S. life insurance and annuity market. A spokesperson said, “Aquarian announced in 2022 that it had signed a definitive agreement to acquire a controlling interest in the Bermuda-domiciled reinsurer and... Read more of this article
Apex Group, Mosaic & Aon Launch Platform
Apex Group Ltd, a global financial services provider, today announces the launch of Apex Protect, in partnership with specialty insurer Mosaic Insurance and Aon PLC. A spokesperson said, “Apex Protect offers pioneering and enhanced directors and officers [D&O] coverage for funds, factoring ESG credentials into the insurance risk assessment.... Read more of this article
Argus: No Share Repurchases In December
In a filing with the Bermuda Stock Exchange, Argus Group Holdings Limited advised that pursuant to its share repurchase programme, during the month of December 2022 the company has not repurchased any shares. Related Stories Argus Reports Earnings & Interim Dividend Argus Group Announces Operating Results Argus: No Share Repurchases In May 2024 Argus:... Read more of this article
Bermuda Stock Exchange Report: Jan 9 2023
January 9 saw 300 shares trade on the Bermuda Stock Exchange, valued at $9,600.00 BD. 300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.5% at $32.00 per share. The BSX finished at 2,317.69, up 0.35% 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
ABIR Elects Pina Albo As New Chairperson
The Association of Bermuda Insurers and Reinsurers [ABIR] announced that Pina Albo is their new Chairperson, becoming the first woman to serve as ABIR Chair in its 30-year history. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] today announces that Pina Albo is its new Chair, following the organization’s biennial... Read more of this article
Treefrog Consulting Offer Virtual CTO Services
Treefrog Consulting Ltd. — a Bermuda-headquartered software development company delivering technology solutions to clients in the international [re]insurance and ILS space — announced a new partnership with an insurance technology veteran for the launch of its latest Virtual Insurance CTO Offering. A spokesperson said, “Gustavo Loret... Read more of this article
Bankers Association Announces New CEO
The Bermuda Bankers Association [BBA] welcomed Geoff Scott as its new CEO, succeeding Thomas O’Rourke who steps down after 4 years in the role. A spokesperson said, “Geoff has over 30 years of experience in the financial services industry, starting his career in Canada and transitioning to Barbados in 2012 as Chief Risk Officer at a leading... Read more of this article
