Category: Business
Rosedon Hotel Ranked In Top 10 In Caribbean
Condé Nast Traveler announced the results of its annual Readers’ Choice Awards with Rosedon Hotel recognized as the #10 – Best Hotel In The Caribbean and Central America. A spokesperson said, “”More than 600,000 Condé Nast Traveler readers across the globe submitted a recording-breaking number of responses rating their travel experiences... Read more of this article
AM Best Affirms Credit Ratings Of BF&M Limited
AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of BF&M Life Insurance Company Limited, BF&M General Insurance Company Limited, and Island Heritage Insurance Company, Ltd. Furthermore, AM Best has affirmed the FSR of A- [Excellent] and the Long-Term... Read more of this article
Carey Olsen Named Offshore Firm Of The Year
Carey Olsen has been named Offshore Firm of the Year at the Chambers High Net Worth Awards. The awards, which were presented at a ceremony in London, celebrate legal excellence in the world of private wealth and are recognised as among the most highly regarded and prestigious awards of their kind globally. Carey Olsen was shortlisted for the award by... Read more of this article
Appleby Acts In Artex/Horseshoe Transaction
Appleby acted as counsel to the sellers of Horseshoe Insurance Services Holdings Ltd. in connection with the sale of the Horseshoe group to Artex Risk Solutions [Holdings] Limited, a subsidiary of Arthur J. Gallagher & Co. Horseshoe is headquartered in Bermuda and has offices in the Cayman Islands, United States, Gibraltar, Ireland and London. Horseshoe... Read more of this article
Enstar Completes Reinsurance Of $0.5 Billion
Enstar Group Limited announced that one of its wholly-owned subsidiaries has completed a previously announced transaction to reinsure a number of the U.S. asbestos and environmental liability insurance portfolios of Zurich North America. In the transaction, Enstar’s subsidiary assumed gross insurance reserves of approximately $0.5 billion, relating... Read more of this article
Athene Offer Scholarships To Bermuda College
Athene Holding Ltd. and its subsidiary Athene Life Re, announced a new scholarship program in partnership with Bermuda College. The Athene Scholarship will be awarded to 10 students at Bermuda College each academic year starting in 2019 and will pay for the cost of each student’s two-year degree program and required books. Candidates must be pursuing... Read more of this article
Everest Announces UK Branch Fully Operational
Everest Insurance announced that its UK Branch is fully operational. The Branch has full capabilities to write Contingency, Credit and Political Risk, Financial and Professional Lines, General Liability, Medical Malpractice, Property, Specie, Surety and US Excess Casualty. Linda Ryan, CEO of EIID said, “The UK branch further enhances the ability of... Read more of this article
LOM Financial September Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced that, during the month of September, the Company purchased a total of 25,000 shares at an average price of $2.75 for cancellation. The full filing stated: “LOM Financial Limited has announced that the Company purchased a total of 25,000 shares at an average price... Read more of this article
Shipping Schedule: Week Starting October 5
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday October 5th. On Sunday the BW Pavilion Leeara LNG tanker and the Oleander container ship are expected, on Monday the Anthem of the Seas and the Disney Magic cruise ships will arrive, and on Tuesday the Somers Isles container... Read more of this article
Sompo Expands Partnership With Pharm3r
Sompo International Holdings has enhanced its U.S. Life Sciences risk modeling capabilities through an expanded partnership with Pharm3r, a life science and healthcare data analytics company. The company said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today... Read more of this article
Bermuda Stock Exchange Report: Oct 4 2019
October 4 saw 800 shares trade on the Bermuda Stock Exchange, valued at $2,208.00 BD. 800 shares were traded by Argus Group Holdings Ltd, closing down 6.4% at $2.76 per share. The BSX finished at 2,078.50, down 0.18% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF], and the... Read more of this article
ABIR Members Contribute $815M To Economy
Members of the Association of Bermuda Insurers & Reinsurers [ABIR] made a “direct economic substance contribution to Bermuda of nearly $815 million last year,” according to the group’s 14th annual member survey results released. Data reported for calendar year 2018 from 24 ABIR members showed the group’s aggregate direct economic... Read more of this article
