Category: Business
AM Best Affirms Credit Ratings Of Lumen Re
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Lumen Re Ltd. [Lumen Re] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Lumen Re’s balance sheet strength, which AM Best assesses... Read more of this article
Everest Re Increases Quarterly Dividend To $1.65
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared an increase in the regular quarterly dividend from $1.55 to $1.65 per common share. This dividend will be payable on or before June 17, 2022 to all shareholders of record as of May 25, 2022. Related Stories Everest Appoints New Actuary And Risk Chief Everest Names... Read more of this article
AM Best Affirms Credit Ratings Of Nectaris Re
AM Best has affirmed the Financial Strength Rating of A [Excellent] and Long-Term Issuer Credit Rating of “a” [Excellent] of Nectaris Re Ltd. [Nectaris Re], the operating subsidiary of Nectaris Holdings Ltd. [both domiciled in Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings... Read more of this article
Deadline For Drive-Thru Name Contest Extended
The deadline for the contest to name the Devonshire Drive-Thru -- which offers prizes worth $6,000 — has been extended until May 20th. A spokesperson said, “Equipment due to arrive for the Devonshire Drive-Thru has been delayed. The good news is there is more time for the ‘Name the Drive-thru’ contest. Enter to win prizes worth $6000! The... Read more of this article
Government’s Presentation On Fairmont Hotel
“If there is no hotel operating there are no taxes” and “most of our competitor jurisdictions offer tax concessions far in excess of what is offered in Bermuda” were two of the statements in the Government’s presentation on the Fairmont Southampton Hotel Act. Premier David Burt, Minister of Tourism Vance Campbell and BIU... Read more of this article
Shipping Schedule: Week Starting May 14
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 14th. On Saturday the Adventure of the Seas cruise ship and the Cape Race Ro-Ro cargo ship are expected, on Sunday the Oleander container ship, Celebrity Summit and the Norwegian Pearl cruise ships will arrive, and on... Read more of this article
AM Best Affirms Credit Ratings Of Nissan Global
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which... Read more of this article
Bermuda Stock Exchange Report: May 13 2022
May 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,335.84, even on the day. There were 0 advances, 0 declines, and 64 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 16 2026 Bermuda Stock... Read more of this article
Retail Sales Decreased 4.4% In February 2022
After adjusting for the retail sales rate of inflation – measured at 4.7% in February – the overall volume of retail sales decreased 4.4% when compared to February 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the February 2022 Retail Sales... Read more of this article
February 2022 Consumer Price Index Report
Consumers paid 2.5% more in February than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. Minister of Economy and Labour Jason Hayward said, “The Transport & Foreign Travel sector continued to be the most significant contributor [+9.4 per cent] to the twelve-month increase in the CPI. On average,... Read more of this article
Report: ‘Crypto Companies Turning To Bermuda’
“As crypto companies face growing scrutiny from policymakers in the US, they are increasingly turning to friendlier and less bureaucratic jurisdictions like Bermuda to grow their businesses and test new products,” according to a report from Bloomberg. The story said, “The self-governing British territory was one of the first places to... Read more of this article
BDA Concludes NYC Executive Forum Event
The Bermuda Business Development Agency [BDA] concluded the New York City executive forum on Wednesday [May 11] – Bermuda’s first since 2019. A spokesperson said, “Bermuda’s Minister of Economy and Labour, The Hon. Jason Hayward, JP, MP; BDA Chair, Stephen Weinstein; and BDA CEO, David Hart attended on behalf of Bermuda along with numerous private... Read more of this article
