Category: Business
Video: Agapanthus Estate For Sale For $15.9M
A luxury property located in Grape Bay Beach on Inglewood Lane in Paget Parish has been listed for sale at $15,900,000. The video description by Sinclair Reality Bermuda says, “Newly priced at US$15,900,000 [originally $18,500,000], Agapanthus represents one of the very best values in Bermuda’s upper-end luxury market. Ideal as a family... Read more of this article
Athora Announces Full Year 2020 Results
Athora Holding Ltd. reported results for the twelve months ended December 31, 2020. A spokesperson said, “Athora Holding Ltd. [Athora], an insurance and reinsurance group focused on the European market, delivered a solid performance and saw significant growth in 2020. “During the year ending 31 December 2020, assets under administration... Read more of this article
LOM: No Share Repurchases For March 2021
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced that there were no share repurchases for March 2021. LOM is a publicly-held, international financial services company, providing a complete range of investment services and products, with subsidiaries in Bermuda, Bahamas, and the UK. Related Stories Carnival Aims To... Read more of this article
AM Best Assigns Credit Ratings To AXA XL
AM Best has assigned a Financial Strength Rating of A+ [Superior] and a Long-Term Issuer Credit Rating of “aa-” to AXA XL Reinsurance Limited [AXA XL Re] [Bermuda]. A spokesperson said, “AM Best has assigned a Financial Strength Rating of A+ [Superior] and a Long-Term Issuer Credit Rating of “aa-” to AXA XL Reinsurance Limited [AXA XL... Read more of this article
William Spiegel Succeeds Ken Randall At R&Q
Randall & Quilter Investment Holdings Ltd announced that Ken Randall has retired as Executive Chairman with William Spiegel succeeding him in the role. A spokesperson said, “Randall & Quilter Investment Holdings Ltd, the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses,... Read more of this article
Bermuda Stock Exchange Report: April 5 2021
April 5 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,613.17, up 5.31% on the day. There were 0 advances, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Jan 9 2026 Bermuda Stock Exchange Report: Jan 8 2026 Bermuda Stock Exchange Report:... Read more of this article
Economic Investment Certificate Applications
Applications for the new Economic Investment Certificate [EIC] have opened — which requires people to invest a minimum of $2.5 million to receive residency rights for five years — and the Bermuda Business Development Agency [BDA] is offering a concierge service to help “ease the process for prospective EIC applicants.” A Bermuda... Read more of this article
“Key Skills For Post-Covid World” Webinar
In collaboration with Performance Solutions Ltd, the Department of Workforce Development will be hosting a webinar entitled “Key Skills For Post-Covid World” on Thursday [April 8], with the event to be facilitated by Amrita Bhalla, Senior Human Resources Consultant, Performance Solutions Ltd. The event poster says, “In collaboration... Read more of this article
BELCO Now Accepting Scholarship Applications
BELCO advised that applications are now being accepted for the Company’s scholarship opportunities that are available to Bermudian students, with a number of different scholarships on offer valued up to $25,000 per year. A spokesperson said, “The scholarships will be awarded to prospective employees of the Company who will attend school and... Read more of this article
Govt Services Impacted By New Restrictions
The Cabinet Office provided an update on the “departments and services that are impacted by the current restrictions.” A Cabinet Office spokesperson stated, “Additionally, public officers who can work from home are working from home. The following departments are providing modified services to the general public.” The full advisory... Read more of this article
Auditor General On Recent Financial Statements
Auditor General Heather Thomas commented on her opinion on the financial statements of the Consolidated Fund of the Government of Bermuda for the year ended March 31, 2020, included in the financial statements tabled by the Minister of Finance on March 26, 2021. Mrs Thomas said, “Trust and confidence in the Public Sector has never been more critical... Read more of this article
Hertz Completes Sale Of Donlen To Athene
Hertz Global Holdings, Inc. announced the successful completion of the sale of substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation to Athene Holding Ltd. A spokesperson said, “Hertz received $891 million in cash proceeds per the terms of the transaction, subject to certain adjustments post-closing based on the level... Read more of this article
