Category: Business
RenaissanceRe Reports First Quarter Results
RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available... Read more of this article
Monument Re Donates $120,000 To BCF
Monument Re has donated $120,000 to the Bermuda Community Foundation’s [BCF] Emergency Fund, with contributions from individual staff members matched by the company. A spokesperson said, “Monument Re announced today that the company is donating $120,000 to the Bermuda Community Foundation’s Emergency Fund. “The donation represents contributions... Read more of this article
Tucker’s Point Providing Virtual Tours
In light of the current social distancing measures in place due to the Covid-19 pandemic, Tucker’s Point is now offering a virtual tour of its Harbour Court listings. A spokesperson said, “During these trying times, the Tucker’s Point team’s goal is to ensure inquirers receive a seamless experience. “The team is still available... Read more of this article
Assured Guaranty Declares $0.20 Dividend
Assured Guaranty Ltd. today declared a quarterly dividend of $0.20 per common share. The dividend is payable on June 3, 2020 to shareholders of record at the close of business on May 20, 2020. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the... Read more of this article
PartnerRe Dividends On Preferred Shares
Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2020 – May 31, 2020, of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 per share... Read more of this article
Bermuda Stock Exchange Report: May 6 2020
May 6 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $172,050.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.0% at $20.00 per share, while another 4,700 shares were traded by Ascendant Group Limited, closing up 12.2% at $33.95 per share. 300 shares were traded by One Communications Ltd, closing up 2.6%... Read more of this article
One Communications April 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 April 2020 the company repurchased 99,000 of its common shares at an average price of $4.00 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share... Read more of this article
MarketPlace Offer 5% Discount For FA Recipients
[Updated] MarketPlace announced a “daily 5% discount for recipients of financial assistance for six months to support them through the challenging times ahead.” A spokesperson said, “The new daily 5% discount offering, which comes into effect from Thursday, May 7, is our way of continuing to support our community members who need it... Read more of this article
Police Service: ‘We All Need To Do Our Part’
The Bermuda Police Service is urging businesses and patrons to abide by the new regulations in the area of physical distancing and wearing of protective face-masks when shopping. A police spokesperson said, “The Bermuda Police Service has partnered with the Chamber of Commerce to work on ways to help patrons and owners at reopened businesses,... Read more of this article
Douglas Joins Forbes Communications Council
Jamari Douglas, Marketing Director at the Bermuda Business Development Agency, has been accepted into Forbes Communications Council, an invitation-only community for executives in communications, marketing, and public relations. Jamari Douglas was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria... Read more of this article
Cannonier Supports #ChooseBDA Campaign
“It is important to support, as much as we can, our local businesses,” OBA Leader Craig Cannonier said, adding that “I am happy to give my backing to the new #ChooseBDA campaign.” Mr. Cannonier said, “While the health of Bermudians is paramount, it is obvious to everyone by now that this is going to be an economic crisis... Read more of this article
Importers Reminded To Collect Cargo From Docks
Stevedoring Services Limited [SSL] is reminding importers that cargo should be collected from the Hamilton Docks as soon as possible. A spokesperson said, “Stevedoring Services Limited would like to remind all importers [independent and agent representatives] that cargo should be collected from the Hamilton Docks as soon as possible. “Demurrage... Read more of this article
