Category: Business
Athene Declares Q3 Preferred Stock Dividend
Athene Holding Ltd. announced that it has declared a dividend on its 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series A [Preference Shares] in the amount of $485.07 per share [equivalent to $0.48507 per depositary share, each representing a 1/1,000th interest in a Preference Share], payable on September 30, 2019 to holders... Read more of this article
Balance Of Payments & International Investment
Minister for the Cabinet Office Wayne Furbert released the 2019 Q1 Balance of Payments & International Investment Position publication from the Department of Statistics. The Minister explained, “Bermuda’s trade with non-residents resulted in a $204 million surplus for the first quarter of 2019. Bermuda’s stock of foreign assets at the end... Read more of this article
Shipping Schedule: Week Starting August 24
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday August 24th. On Sunday the Norwegian Gem cruise ship and the Oleander container ship are expected, on Monday the Anthem of the Seas cruise ship will arrive, and on Tuesday the Insignia cruise ship and the Somers Isles container... Read more of this article
Everest Re Group Announces $1.40 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before September 18, 2019 to all shareholders of record as of September 4, 2019. Related Stories Everest Appoints New Actuary And Risk Chief Everest Names Gary Haase CEO Of Legacy Everest Group Declares $2.00 Dividend Everest... Read more of this article
Bermuda Stock Exchange Report: Aug 23 2019
August 23 saw 700 shares trade on the Bermuda Stock Exchange, valued at $2,275.00 BD. 700 shares were traded by Argus Group Holdings Ltd, closing up 1.6% at $3.25 per share. The BSX finished at 1,919.37, up 0.05% on the day. There was 1 advance, 0 declines, and 55 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article
Walkers Awards Scholarship To Ashley Fubler
The partners of Walkers announced that for the second year running Ashley Fubler is the recipient of Walkers’ 2019 Legal Scholarship Award and has been awarded the sum of $15,000. Ms Fubler — who was also the recipient of Walkers’ 2018 Legal Scholarship Award – has completed her legal studies at University of Hull and will commence... Read more of this article
Ministry Selling Wheeled Bins To The Public
The Ministry of Public Works has started a “pilot programme involving the sale of household waste and recycling wheeled bins to the public.” A Government spokesperson said, “The wheeled plastic garbage bins with lids have a capacity of 360 litres [95 gallons] and are $125.00 each. The wheeled plastic recycling bins with lids have... Read more of this article
Bermuda Monetary Authority: 50 Years Later
[Bermuda Monetary Authority series] As the Bermuda Monetary Authority [BMA] celebrates 50 years in 2019, we take a look back at the last five decades. From providing sound policy advice to pushing Bermuda forward as a reputable place to conduct business, the BMA has had an incredible impact on Bermuda’s financial landscape. 1990-1999 Exchange Controls/Anti-Money... Read more of this article
Ministers On Power Engineering Training Initiative
Minister of Public Works Lt/Col David Burch and Minister of Labour, Community Affairs and Sports Lovitta Foggo held a joint press conference to highlight the success of Marcal Wilkinson and Hezekiah Rampersad in a power engineering training initiative. Minister Burch’s remarks: Minister Burch said, “Good morning and welcome to the Tynes... Read more of this article
Stakeholders On Board For Air Service Process
A series of fact-finding meetings held this week for stakeholders – from global industry associations to travel agents and hoteliers – will help shape plans for a national strategy on airlift, according to the Bermuda Tourism Authority [BTA]. A spokesperson said, “Air service development consultants hired by the BTA and Bermuda Airport... Read more of this article
King & Williams-Charles Appointed By ABIR
The Association of Bermuda Insurers and Reinsurers [ABIR] announced the appointment of Bermudian Wendy King as Public Policy & Regulatory Affairs Analyst. Ms. King will be responsible for conducting research and analysis on regulatory and public policy issues for ABIR executive staff and member company committees. In addition, ABIR Director of... Read more of this article
Thomas & Orchard Earn Scholarship, Bursary
Marshall Diel & Myers announced that their Legal Scholarship Award for 2019 is being awarded to Shannon Thomas, who will receive $10,000 to assist with the cost of pursuing his legal studies, while Reid Orchard will also receive a bursary from Marshall Diel & Myers Limited in the sum of $5,000. Katie Tornari, Director and member of the Scholarship... Read more of this article
