Category: Business
Oil Insurance Declares $350 Million Dividend
Oil Insurance Limited [OIL] held its March 2022 Board Meeting on Tuesday, March 22nd and its 2022 AGM by virtual means on Thursday, March 24th. A spokesperson said, “During the Board meeting, the directors approved the Company’s 2021 financial statements, discussed the execution progress of the 5 year Strategic Plan and approved the payment... Read more of this article
December 2021 Consumer Price Index Report
Consumers paid 2.7% more in December than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “On Thursday, the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP, released the December 2021 Consumer Price Index publication from the Department of Statistics. The... Read more of this article
IGI Semi-Annual Ordinary Common Dividend
International General Insurance Holdings Ltd. announced that its Board of Directors has declared an ordinary common share dividend of $0.19 per share for the period July 1, 2021 – December 31, 2021. The dividend is payable on April 20, 2022 to shareholders of record at the close of business on April 5, 2022, with IGIC trading ex-dividend on April... Read more of this article
Somers Share Repurchase & Total Shares
In a filing with the Bermuda Stock Exchange, Somers Limited, a financial services investment holding company, announces that during the month of February 2022, Somers purchased 410 of its own common shares [the Shares] at an average cost of $19.00 per share. The Shares will be cancelled with immediate effect. The number of common shares in issue as... Read more of this article
Clarien Moving To Digital For Personal Banking
Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking on April 29. A spokesperson said, “Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking. “From end of business day on April 29, all Clarien’s Personal Banking clients will... Read more of this article
Shipping Schedule: Week Starting March 26
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 26th. On Saturday the HMCS Halifax & Asterix container ship are expected, on Monday the Oleander container ship will arrive, on Wednesday the MT Stone I oil products tanker is scheduled to arrive, and on Thursday... Read more of this article
Bermuda Stock Exchange Report: March 25 2022
March 25 saw 48,687 shares trade on the Bermuda Stock Exchange, valued at $469,215.50 BD. 5,687 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.0% at $37.00 per share, while another 43,000 shares were traded by Argus Group Holdings Ltd, closing down 4.7% at $6.10 per share. The BSX finished at 2,565.74, up 3.50% on the day. There... Read more of this article
ACRE Hosts Inaugural Networking Event
The Association for Corporate Racial Equity [ACRE] hosted its first in-person networking event at Barr’s Bay Park, with more than 150 people attending. A spokesperson said, “The Association for Corporate Racial Equity hosted its first in-person networking event at Barr’s Bay Park on Pitts Bay Road in Pembroke. The event drew over 150 Black professionals,... Read more of this article
Bermuda Stock Exchange Report: March 24 2022
March 24 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $12,500.00 BD. 10,000 shares were traded by Bermuda Aviation Services Ltd, closing even at $1.25 per share. The BSX finished at 2,479.03, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Lido Complex Has Re-Opened For Business
The Lido Complex re-opened on Wednesday [March 23] after closing for a short period during the winter months. A spokesperson said, “The popular Sea Breeze Lounge & Terrace is now open for lunch, dinner and takeout from Tuesday to Sunday. Starting in May, they will be open 7 days a week. “Veteran chef, Guido Brambilla has returned to Lido Complex... Read more of this article
Ojeda Smith Joins Appleby Trainee Programme
Appleby has welcomed Ojeda Smith to its legal trainee programme. A spokesperson said, “Ojeda, who was called to the Bermuda Bar in November 2021, begins her first seat with Appleby in its Insurance department.” “Prior to joining Appleby, Ojeda worked in the corporate and litigation departments at another law firm, and gained in-house legal... Read more of this article
Coldwell Banker Award Winners For 2021
Coldwell Banker Bermuda Realty held a company meeting today where they honoured their 2021 award recipients. A spokesperson said, “Coldwell Banker Bermuda Realty held a company meeting at the Hamilton Princess & Beach Club, Trudeau Ballroom on Thursday, March 24, 2022 to honor the Coldwell Banker award recipients for the calendar year 2021 as... Read more of this article
