Category: Business
PartnerRe Reports First Quarter 2020 Results
Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020. The company said, “PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020, which included net realized and unrealized investment losses of $27 million on fixed... Read more of this article
HSBC’s Branch Banking Hours To Change
As of Monday [May 11], HSBC’s Harbourview, St. Georges and Somerset branches will open on weekdays from 9.00am through 1.00pm “to provide limited banking services to the public.” A spokesperson said, “HSBC Bermuda announced today that, effective Monday 11th May, the HSBC Harbourview, St. Georges and Somerset branches will open... Read more of this article
Essent Reports Q1 Results & Declares Dividend
Essent Group Ltd. reported net income for the quarter ended March 31, 2020 of $149.5 million or $1.52 per diluted share, compared to $127.7 million or $1.30 per diluted share for the quarter ended March 31, 2019. Essent also announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable... Read more of this article
Bermuda Stock Exchange Report: May 8 2020
May 8 saw 126 shares trade on the Bermuda Stock Exchange, valued at $3,886.50 BD. 126 shares were traded by Ascendant Group Limited, closing down 8.7% at $31.00 per share. The BSX finished at 1,595.35, down 1.75% on the day. There were 0 advances, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article
Huckleberry Restaurant Launches Online Store
Huckleberry Restaurant & Rosedon Hotel recently re-launched its curbside pick-up service with a new online storefront at HuckleberryBDA.com. A spokesperson said, “Huckleberry Restaurant & Rosedon Hotel have officially re-launched curbside pick-up service with a new web-enabled storefront at HuckleberryBDA.com. “The new website showcases... Read more of this article
ZipX Donates 5,000 Face Masks To Government
ZipX Bermuda has donated 5,000 face masks to the Bermuda Government for the island’s frontline workers during the Covid-19 pandemic. A spokesperson said, “ZipX Bermuda has donated 5,000 face masks to the Bermuda Government for the island’s frontline workers. Additionally, they are supplying ZipX customers with complimentary individually-wrapped... Read more of this article
RUBiS Service Stations Phase 1 Operating Hours
RUBiS Energy Bermuda provided information about their operating hours during the Island’s Phase 1 reopening, with select sites offering 24-hour refueling for essential service workers. RUBiS also reminds the public that surname shopping does apply to gas stations. As the island and world deals with the Covid-19 pandemic, we are doing our best... Read more of this article
Argo Group Issues $0.31 Cash Dividend
Argo Group International Holdings, Ltd. announced that the Board of Directors declared a quarterly cash dividend of $0.31 per share on the company’s common stock. The cash dividend will be paid on June 12, 2020 to shareholders of record on May 29, 2020. Related Stories Argo Shareholders Approve Proposed Merger Argo To Sell Lloyd’s Syndicate 1200... Read more of this article
Bermuda Stock Exchange Report: May 7 2020
May 7 saw 1,700 shares trade on the Bermuda Stock Exchange, valued at $7,790.00 BD. 200 shares were traded by Polaris Holding Co. Ltd, closing at an even $8.95 per share, while the other 1,500 shares were traded by One Communications Ltd, closing even at $4.00 per share. The BSX finished at 1,623.80, even on the day. There were 0 advances, 0 declines,... Read more of this article
Norwegian Cruise Line Secures Over $2 Billion
Norwegian Cruise Line — which is one of the major cruise lines that serves the island — announced that it secured over $2 billion of additional liquidity, which “will strengthen the company’s financial position amid the Covid-19 pandemic.” The NCLH website said, “Norwegian Cruise Line Holdings Ltd. today announced... Read more of this article
Video: ‘Taking Off’ On Impact Of Covid-19
After taking a hiatus due to the pandemic, Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the impact of Covid-19 in the construction of the new passenger terminal building. Speaking in the episode, Mikaela Pearman... Read more of this article
Auto Solutions Donates 5,000 Face Masks
Minister Wayne Caines thanked Auto Solutions after the company donated 5,000 face masks for distribution to the public. In an online post, the Bermuda Government said, “National Security Minister Wayne Caines extended his thanks to Auto Solutions’ Managing Director Glen Smith after the company donated 5,000 face masks for distribution to... Read more of this article
