Category: Business
LSM Supporting Community Amid Covid-19
Liberty Specialty Markets [LSM] is supporting a number of community-oriented initiatives amid the ongoing Covid-19 pandemic. A spokesperson said, “One of Liberty’s core values is to put people first, in an effort to make a difference in our community, LSM Bermuda has supported the following organizations with charitable donations: “1.... Read more of this article
Bermuda Stock Exchange Report: June 8 2020
June 8 saw 20,900 shares trade on the Bermuda Stock Exchange, valued at $323,010.00 BD. 10,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 15.4% at $28.05 per share, while another 10,900 shares were traded by One Communications Ltd, closing even at $3.90 per share. The BSX finished at 1,948.86, up 9.47% on the day. There was 1 advance,... Read more of this article
‘Instead Of Boycotting Stores, Uplift And Promote’
“We have decided instead of boycotting stores weekly we will uplift and promote Black businesses for you to support,” the Black Lives Bermuda organisation group said. This statement follows after the Black Lives Matter march yesterday, which saw thousands of people march through the streets of Hamilton. At the end of the march the organisers... Read more of this article
Public Asked To Consider Bermuda ‘Staycations’
A vacation rentals manager is urging people to consider staycations this year to assist the island’s tourism industry. Sarah Van de Weg has reduced the rents for the 10 three-bedroom apartments at Prince Alfred Terrace in the Royal Naval Dockyard, which she manages for West End Development Corporation, with an aim to attract staycationers. Ms. Van... Read more of this article
Monument Re Acquires Cattolica Life DAC
Monument Re announced that it has completed the acquisition of Cattolica Life DAC from Cattolica Assicurazioni following receipt of regulatory approval from the Central Bank of Ireland and no-objection from the Bermuda Monetary Authority. “Cattolica Assicurazioni is one of the main players on the Italian insurance market and the only cooperative... Read more of this article
GRF Announces New Leadership Appointments
The Global Reinsurance Forum [GRF] announced that Emmanuel Clarke has been appointed as GRF Chairman for a two-year term, while Jean-Jacques Henchoz has been appointed as Vice-Chairman. A spokesperson said, “At a recent meeting of the Global Reinsurance Forum [GRF] Emmanuel Clarke, President and CEO PartnerRe, has assumed the role of GRF Chairman... Read more of this article
AM Best Comment On Essent Credit Ratings
AM Best has commented that the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” of the operating subsidiaries of Essent Group Ltd., each with a stable outlook, remained unchanged despite the Covid-19 pandemic. The ratings agency said, “AM Best revised its market segment outlook on the U.S. private mortgage... Read more of this article
Shipping Schedule: Week Starting June 6
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 6th. On Monday the Oleander container ship is expected, and on Thursday the Bermuda Islander container ship will arrive. The weekly shipping schedule, which is subject to change, follows below [PDF here]: Related... Read more of this article
Rosewood Launch ‘Weekend Escape’ Package
Rosewood Bermuda has launched a ‘Weekend Escape’ package for people on the island, with rates starting at $365. A spokesperson said, “Rosewood Bermuda has created a Weekend Escape package for the local residents of Bermuda featuring deluxe accommodations and waived resort fees. “With rates starting at $365, featured rooms include... Read more of this article
One Communications May Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of May 2020 the company repurchased 101,800 of its common shares at an average price of $3.90 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share... Read more of this article
Bermuda Stock Exchange Report: June 5 2020
June 5 saw 24,300 shares trade on the Bermuda Stock Exchange, valued at $57,945.00 BD. 10,000 shares were traded by LOM Financial Limited, closing even at $2.72 per share, while another 14,300 shares were traded by Argus Group Holdings Ltd, closing up 4.4% at $2.15 per share. The BSX finished at 1,780.20, up 0.10% on the day. There was 1 advance, 0... Read more of this article
Moody’s Affirms Bermuda’s A2 Ratings
The Minister of Finance Curtis Dickinson today announced that credit rating agency Moody’s Investors Service [Moody’s] has affirmed Bermuda’s A2 issuer and senior unsecured bond ratings. The outlook remains stable. Minister Dickinson stated, “According to Moody’s, the key drivers for the rating affirmation are the Government’s track-record... Read more of this article
