Category: Business
Strategic Risk Solutions Appoints Anna Pereira
Strategic Risk Solutions announced today that Anna Pereira has been appointed to the newly created position of Senior Vice President, Insurance-Linked Securities [ILS], effective March 1st. A spokesperson said, “Pereira takes up her role on March 1, 2021. Based in Bermuda and reporting to Managing Director Jonathan Reiss, Pereira will be responsible... Read more of this article
Over 35 Jobs Listed On Marriott St Regis Website
If you are looking for a job, it may be a good idea to visit the Marriott website, which currently lists 39 job position openings for the St Regis Bermuda Resort, which is due to open later this year. The jobs listed include Guest Service Supervisor, Spa Therapist, Sales Manager, Chef de Cuisine, Utility Attendant, Executive Administrative Assistant,... Read more of this article
Essent Q4 & Full Year Results, Declares Dividend
Essent Group Ltd. reported net income for the quarter ended December 31, 2020 of $123.6 million or $1.10 per diluted share, compared to $147.0 million or $1.49 per diluted share for the quarter ended December 31, 2019. For the full year 2020, net income was $413.0 million, or $3.88 per diluted share, compared to $555.7 million, or $5.66 per diluted... Read more of this article
Axis Capital Declares $0.42 Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.42 per common share payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375... Read more of this article
Somers Share Repurchases For January 2021
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced that during the month of January 2021, Somers purchased 1,400 of its own common shares at an average cost of $15.43 per share, and said the shares will be cancelled with immediate effect. “The number of common shares in... Read more of this article
Gosling’s Pilot Project To Accept Digital Dollars
To celebrate the opening of their renovated flagship retail location on the corner of Front and Queen Streets, Gosling’s Limited has “entered into a pilot project with Canadian FinTech company Bidali to accept digital Bermuda Dollars for payments.” A spokesperson said, “With support from the Bermuda Government’s Office of Fintech... Read more of this article
Shipping Schedule: Week Starting February 20
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday February 20th. On Monday the Oleander container ship is expected, on Tuesday the Somers Isles container ship will arrive, and on Thursday the Bermuda Islander container ship is scheduled to arrive. The NACC Alicudi cement... Read more of this article
Apex Group Closes Acquisition Of GFin
Apex Group Ltd. announced the final close of the acquisition of GFin Corporate Services Ltd. following regulatory approval from the Financial Services Commission. “GFin is a Mauritius based and licensed Management Company, providing fund administration services to institutional clients. Its integration into the Group enhances Apex’s long-established... Read more of this article
Bermuda Stock Exchange Report: Feb 19 2021
February 19 saw 8,188 shares trade on the Bermuda Stock Exchange, valued at $162,874.00 BD. 3,674 shares were traded by Bank of N.T. Butterfield Ltd, closing down -0.8% at $33.00 per share, while another 17.00 shares were traded by Somers Limited, closing up 9.7% at $17.00 per share. 2,914 shares were traded by Argus Group Holdings Ltd, closing up... Read more of this article
Butterfield & Vallis Donate To Vaccination Centre
Butterfield & Vallis recently donated Nature Valley bars and Highland Spring water to the Bermuda College Vaccination Centre as a “thank you to the hard working men and women who are working long hours administering the Covid-19 vaccines.” Dr Brett Lefkowitz, Mrs. Kate Cabral [Butterfield & Vallis Food Service Sales Manager] and... Read more of this article
Minister Burch On WEDCO Annual 2019 Report
The financial report highlights for 2019 show WEDCO assets of $141,118,706 and liabilities of $72,425,925.00, total revenues of $20,609,240 and expenses at $19,127,731 and the result was an annual surplus of $1,481,509, Minister of Public Works Lt/Col David Burch said in the House of Assembly today [Feb 19]. The Minister’s full statement follows... Read more of this article
$2.5 Million Economic Investment Certificate
“An Economic Investment Certificate will require people who are granted the right to live in Bermuda to first make an economic investment of $2.5M or more in the island,” Minister of Labour Jason Hayward said. Speaking in the House of Assembly today [Feb 19] the Minister said, “The Economic Investment Certificate and Residential Certificate... Read more of this article
