Category: Business
Bermuda Stock Exchange Report: Feb 23 2021
February 23 saw 10,800 shares trade on the Bermuda Stock Exchange, valued at $317,925.00 BD. 6,300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.3% at $34.75 per share, while another 4,500 shares were traded by BF&M Ltd, closing up 4.8% at $22.00 per share. The BSX finished at 2,400.39, up 4.48% on the day. There were 2 advances,... Read more of this article
BDA & NetDiligence To Host Cyber Risk Panel
The Bermuda Business Development Agency [BDA] will host a virtual panel discussion as part of NetDiligence’s three-part webinar series about cyber-related issues on March 4, 2021. “Titled “Bermuda Cyber Market: A Jurisdiction Built on Stability and Innovation,” the panel will discuss how the growing trend toward digital transformation has... Read more of this article
Police Issue Two 24-Hour Closure Orders
Since the lifting of the curfew and extension of opening hours for bars and restaurants, the police have issued two 24-hour closure orders to liquor licensed establishments for “failing to adhere to Covid-19 regulations.” A police spokesperson said, “Since the lifting of the curfew and extension of opening hours for bars and restaurants,... Read more of this article
‘Shopping Village’ Sale On Friday & Saturday
The ‘Shopping Village’ on Court Street and the surrounding area in Hamilton is offering two days of sales on Friday [Feb 26] and Saturday [Feb 27], with products and services offered including beauty supplies, clothing stores, salons, barbershops, restaurants, clubs, food, party planning items and rentals, engraving, liquor stores, and more. A... Read more of this article
Jonathan Dunlop Earns STEP Founder’s Award
Jonathan Dunlop was recently awarded the Society of Trust and Estate Practitioners [STEP] Bermuda Founder’s Award. A spokesperson said, “Jonathan Dunlop, former chair Society of Trust and Estate Practitioners [STEP] Bermuda, of Butterfield Trust in Bermuda was recently awarded the STEP Founder’s Award. Well done “JD”! “We... Read more of this article
PwC: Bermuda ‘Insurance Runoff Excellence’
“2020 saw the continual growth of Bermuda’s reputation as a place for runoff excellence,” PwC’s James Ferris said, as they released their annual Global Insurance Run-off Survey. A spokesperson said, “According to PwC’s latest Global Insurance Run-off Survey analysis, the growth in legacy activity predicted in the last edition of this... Read more of this article
Carla Seely Column: CFO Of Home Operations
[Written by Carla Seely] In every family, one of the most important discussions is to appoint someone to take charge of the family finances. Whether it is yourself or your partner doesn’t really matter – whoever takes on the role recognizes that the financial stress will be a constant challenge and they have to take responsibility for navigating... Read more of this article
Elysian Capital Appoints Apex Group
Apex Group Ltd., a global financial services provider, announced that it has been appointed by Elysian Capital LLP, an independent Private Equity Fund investing in the UK and Ireland lower mid-market, to provide full ESG Ratings & Advisory services. A spokesperson said, “Elysian Capital seeks to adhere to the highest professional and ethical standards... Read more of this article
Premia Announces Acquisition Of Armour
Premia Holdings Ltd. announced that it has entered into an agreement to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., an Aquiline Capital Partners LLC portfolio company, in an all-share transaction. “In conjunction with the acquisition, an Aquiline-led investor group is making... Read more of this article
Third Point Re Appointments To SiriusPoint Team
Third Point Reinsurance Ltd. announced further executive and senior underwriting roles at SiriusPoint Ltd., ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd. The company said, “The leadership team announcements are: Dan Malloy, President, Global Distribution and Head of Runoff. Mr. Malloy... Read more of this article
Draft Development Plan For North East EEZ
The final draft development plan for the North East Hamilton Economic Empowerment Zone ”will be presented to the public soon” and “will outline proposals to rejuvenate this EEZ.” This is according to a tweet from Premier David Burt which said, “The Dept of Planning & BEDC presented the draft development plan for North... Read more of this article
Bermuda Stock Exchange Report: Feb 22 2021
February 22 saw 1,075 shares trade on the Bermuda Stock Exchange, valued at $26,015.50 BD. 300 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $33.00 per share, while another 775 shares were traded by BF&M Ltd, closing up 3.7% at $21.00 per share. The BSX finished at 2,297.39, up 0.29% on the day. There was 1 advance, 0 declines,... Read more of this article
