Category: Business
Essent Reports Third Quarter 2019 Results
Essent Group Ltd. reported net income for the quarter ended September 30, 2019 of $144.6 million or $1.47 per diluted share, compared to $116.0 million or $1.18 per diluted share for the quarter ended September 30, 2018. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share. The dividend... Read more of this article
Photos: Xtreme Sports Open Fun Zone Facility
Xtreme Sports Bermuda, hosts of the annual Xtreme Sports Corporate Games and Life Size Inflatable Sports rentals, have launched their permanent location, ‘Xtreme Sports Fun Zone’ in Commercial Park in St Davids. The Fun Zone features a 1,400 square foot indoor Nerf Gun arena accompanied by a 1,400 square foot indoor skating rink, a Slime... Read more of this article
The Athletic Club To Close On November 30th
The Athletic Club will close their physical facility at the Cedar Parkade Building on Washington Street in Hamilton as of November 30th, 2019. The Athletic Club is owned and operated by Kym Herron Scott who explained that after 32 years “working in the industry she absolutely loves, she is ready to take a new direction in her own life.” “I... Read more of this article
Petition To ‘Save Gombeys Bar Clearwater Beach’
[Written by Don Burgess] An online petition to save ‘Gombeys Bar at Clearwater Beach’ has garnered more than 1,400 signatures. Owner Marlon Laws told Bernews he was flattered by the amount of support he has received since learning that his lease would not be renewed. “I feel really blessed over that,” Mr Laws said. “A lot... Read more of this article
Shipping Schedule: Week Starting November 9
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday November 9th. On Saturday the Energy Commander crude oil tanker is expected, on Monday the Oleander container ship will arrive, and on Tuesday the Norwegian Escape cruise ship is scheduled to arrive. On Thursday the Bermuda... Read more of this article
Bermuda Stock Exchange Report: Nov 8 2019
November 8 saw 3,427 shares trade on the Bermuda Stock Exchange, valued at $26,590.00 BD. 527 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.2% at $34.00 per share, while another 2,900 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,244.32, up 0.81% on the day. There was 1 advance,... Read more of this article
PartnerRe Reports Q3 & Nine Month Results
Bermuda-based PartnerRe Ltd. today [Nov 8] reported a net income available to common shareholder of $216 million for the third quarter of 2019, which includes net realized and unrealized investments gains of $41 million on fixed maturities and short-term investments, primarily due to decreases in world-wide risk-free rates, and $39 million net foreign... Read more of this article
Over 250 Delegates Attend Insurance Summit
Bermuda’s role on the world stage was celebrated at the PwC Insurance Summit, presented by the Financial Times on Thursday [Nov 7] at the Hamilton Princess. Now in its 14th year, the island’s premier insurance forum was presented by the Financial Times and two of its leading journalists along with PwC insurance leaders. Over 250 delegates – many... Read more of this article
Appleby Partner Attends WIPL Conference
Appleby Bermuda Partner Tammy Richardson-Augustus recently attended the Women, Influence & Power in Law [WIPL] 2019 Executive Leadership Forum in Washington, D.C. in October. The 3-day event was presented by Corporate Counsel. A spokesperson said, “WIPL is the original global forum facilitating women to women exchange on leadership and legal... Read more of this article
Island Joins Global “Purple Tuesday” Campaign
Local businesses are invited to pledge their commitment to accessibility and inclusion when Bermuda recognises “Purple Tuesday” next week. The November 12 initiative is part of a global campaign spearheaded locally by the Bermuda Tourism Authority [BTA] and its Accessibility Working Group to advocate for the disabled. “Purple Tuesday is about... Read more of this article
MarketPlace Expands Online Ordering & Pick-Up
The MarketPlace has expanded its online ordering and pick-up service to Heron Bay and Shelly Bay MarketPlace stores. “Customers can shop thousands of quality items online and now pick-up from eastern and western ends of the island, without leaving their vehicle. Online ordering and pick-up is now available from three locations; the service launched... Read more of this article
Bermuda Stock Exchange Report: Nov 7 2019
November 7 saw 14,000 shares trade on the Bermuda Stock Exchange, valued at $42,000.00 BD. 14,000 shares were traded by One Communications Ltd, closing down 16.7% at $3.00 per share. The BSX finished at 2,226.33, down 0.37% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
