Category: Business
PartnerRe Announces Changes To Its Leadership
PartnerRe Ltd. announced that effective June 1st, Philippe Meyenhofer will be appointed CEO Specialty Lines while Greg Haft will be appointed to the new role of CEO Global Cat. A spokesperson said, “PartnerRe announced today that the Company will change responsibilities in its executive leadership for Specialty Lines and will create the new role... Read more of this article
Aspen Declares Dividends On Preference Shares
Aspen Insurance Holdings Limited announced that the Board of Directors has declared the following dividends on its Preference Shares: Quarterly dividend of $0.3719 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share; Quarterly dividend of $0.3516 per share on its 5.625%... Read more of this article
Bermuda Stock Exchange Report: May 27 2020
May 27 saw 4,000 shares trade on the Bermuda Stock Exchange, valued at $8,840.00 BD. 4,000 shares were traded by Argus Group Holdings Ltd, closing down 1.8% at $2.21 per share. The BSX finished at 1,755.15, down 0.05% on the day. There were 0 advances, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
RUBiS Provides Update On Fuelling 4 A Cause
RUBiS Energy Bermuda has provided an update regarding the completion of the Fuelling 4 a Cause Option Reward Coupon Redemption. The company said, “As we are now in Phase 2 of the Continuing Precautions related to the Covid-19 pandemic, RUBiS Energy Bermuda is pleased to provide an update in respects to the completion of the Fuelling 4 a Cause... Read more of this article
BSX Will Be Closed For Bermuda Day Holiday
The Bermuda Stock Exchange [BSX] advises that although the Exchange is continuing to work remotely, we will observe the Bermuda Day public holiday on 29 May 2020, with operations resuming on Monday, 1 June 2020. Related Stories BSX Will Be Closed For Bermuda Day Holiday BSX Will Be Closed For Bermuda Day Holiday Paradise To Host Artist Talk For Heritage... Read more of this article
Bermuda Stock Exchange Report: May 26 2020
May 26 saw 10,200 shares trade on the Bermuda Stock Exchange, valued at $240,700.00 BD. 10,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.6% at $23.60 per share. The BSX finished at 1,755.95, up 1.56% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Deloitte Scholarship Awarded To Evan Higgins
Deloitte announced that the 2020 Deloitte Scholarship has been awarded to Evan Higgins. The scholarship award offers up to $20,000 per year for a maximum of 3 years and is available to Bermudians pursuing an undergraduate degree with an interest in accounting, actuarial, financial advisory, risk advisory or other business related studies. “Evan... Read more of this article
Column: New IB In Bermuda From Hong Kong?
[Opinion column written by Connor Burns] TLDR; Build a Second Pillar of International Business in Bermuda by providing economic refugee status to Hong Kong business owners in Finance, Insurance, Trading and Logistics who relocate their headquarters to Bermuda to escape the ongoing constitutional crisis with Beijing. 1997 was a turning point: the United... Read more of this article
Connections Shoes Store Closing Down
Connections Shoes, a local retail store, announced yesterday [May 25] that they will be closing their store, which is located on Burnaby Street in Hamilton. The company posted on social media stating, “Connections Shoes on Burnaby Street is closing down…all shoes and shades and accessories are 5.00 last day today….open 11.00am til... Read more of this article
Law Firm Kennedys Joins BILTIR Organisation
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that law firm Kennedys has joined the association. Kennedys becomes the 62nd company to join BILTIR, which represents the island’s insurance, reinsurance and servicing companies who provide life and annuity products. BILTIR Executive Director Ronnie Klein and Kennedys Partner... Read more of this article
AXA Ordered To Pay Restaurant In France
A Paris court ruled that AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses after the restaurant owner filed a lawsuit demanding the insurer to cover the operating losses incurred due to the Covid-19 pandemic. The report on the Reuters said, “A Paris court ruled that insurer AXA [AXAF.PA] must pay a restaurant... Read more of this article
Loren Re-Opens Hotel & Pink Beach Restaurant
The Loren Hotel has announced that it is “officially re-opening its doors on May 28th to the local Bermuda community for hotel stays and socially-distant dining at the Pink Beach Club restaurant.” A spokesperson said, “In accordance with rules and regulations set out by the Government for Covid-19 Recovery Phase 2, the Pink Beach Club... Read more of this article
