Category: Business
$10M Guarantee For Bermudiana Beach Resort
There will be a $10 million guarantee to “support funding necessary for the completion of the next phase of works,” Minister of Finance Curtis Dickinson said in reference to the former Grand Atlantic property. This was stated in the 2021 budget speech, with Minister Dickinson saying, “Another example of target stimulus is the planned... Read more of this article
Chamber Of Commerce Budget Response
The Bermuda Chamber of Commerce released a response to the 2021 Budget, saying that “increasing economic activity is a critical aspect of our island’s future success. ” A spokesperson said, “The Chamber of Commerce would like to commend the Minister on the budget as he battles through these difficult times. We support the stated... Read more of this article
Shipping Schedule: Week Starting February 27
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday February 27th. On Monday the Oleander container ship is expected, on Tuesday the Adria Ace vehicles carrier will arrive, and on Thursday the Bermuda Islander container ship is scheduled to arrive. The weekly shipping schedule,... Read more of this article
Bermuda Stock Exchange Report: Feb 26 2021
February 26 saw 16,229 shares trade on the Bermuda Stock Exchange, valued at $133,352.10 BD. 831 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $35.00 per share, while another 13,398 shares were traded by Argus Group Holdings Ltd, closing up 2.3% at $4.50 per share. 2,000 shares were traded by BF&M Ltd, closing at an even... Read more of this article
Deloitte Release 2021/22 ‘Budget Snapshot’
Following the delivery of the 2021 Budget by Minister of Finance Curtis Dickinson this morning [Feb 26] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech, and follows in full below. You can click here to view our live blog, and click here to view all our coverage of the... Read more of this article
STEP Bermuda Talk To Be Held On March 1
The Society of Trust and Estate Practitioners [STEP] will be holding a presentation on Monday [March 1] on “changes to UK taxation of Bermuda trusts.” A spokesperson said, “Charlotte Kynaston [Barrister, Macfarlanes' London office] is presently on secondment with Conyers in Bermuda. “Charlotte will be presenting a STEP Bermuda... Read more of this article
White Mountains Declares $1 Annual Dividend
At its regular meeting held on February 25, 2021, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 24, 2021, to holders of record of Common Shares as of the close of business on March 15, 2021. Related Stories Navium Launches Constellation Consortium Global Entrepreneurship... Read more of this article
AM Best: London & Bermuda Attract Capital
Expectations of a broad hardening in market conditions, as well as the desire to bolster balance sheets in the face of uncertainty around Covid-19-related losses, underpinned much of the capital raising activity seen in 2020, according to a new AM Best report. “A new Best’s Special Report, “London and Bermuda Attract Capital as Insurance Market... Read more of this article
PartnerRe Reports Q4 & Full Year 2020 Results
Bermuda-based PartnerRe Ltd. reported net income available to common shareholder of $204 million for the fourth quarter of 2020 and net income available to common shareholder was $206 million for the full year 2020. The company said, “PartnerRe Ltd. today reported net income available to common shareholder of $204 million for the fourth quarter of... Read more of this article
Everest Re Group Announces $1.55 Dividend
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.55 per share payable on or before March 31, 2021 to all shareholders of record as of March 17, 2021. Related Stories Everest Appoints New Actuary And Risk Chief Everest Names Gary Haase CEO Of Legacy Everest Group Declares $2.00 Dividend Everest To Sell Some Renewal... Read more of this article
Bermuda Stock Exchange Report: Feb 25 2021
February 25 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $61,600.00 BD. 9,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.40 per share, while 1,000 shares were traded by BF&M Ltd, closing at an even $22.00 per share. The BSX finished at 2,400.39, even on the day. There were 0 advances, 0 declines, and... Read more of this article
IoD Elects 2021 Branch Executive Committee
Institute of Directors Bermuda elected their 2021 Executive Committee Members at its Annual General Meeting today [Feb 25]. A spokesperson said, “The election sees the elevation of a few existing Executive Committee members into new roles, the addition of new members and the departure of familiar faces. “Michelle Cardwell and Sara Schroter... Read more of this article
