Category: Business
Monument Re Completes Acquisition Of Robein
Monument Re has completed the acquisition of Robein Leven N.V. and its subsidiaries following receipt of regulatory approval by the De Nederlandsche Bank [DNB]. Manfred Maske, CEO of Monument Re Group, said: “We are pleased to announce the regulatory approval from the De Nederlandsche Bank and the completion of our acquisition of Robein in the Netherlands.... Read more of this article
Richard Porter Named Head Of Financial Lines
Chubb Bermuda has named Richard Porter Senior Vice President, Head of Financial Lines. In this role, Mr. Porter is responsible for leading Chubb Bermuda’s Financial Lines division, which includes Directors and Officers Liability, Cyber, Transactional Risk, Errors and Omissions, and Employment Practices Liability. Based in Bermuda, he will report to... Read more of this article
Bermuda Stock Exchange Report: March 27 2019
March 27 saw 72,040 shares trade on the Bermuda Stock Exchange, valued at $1,510,399.00 BD. 68,840 shares were traded by Ascendant Group Limited, closing up 10.0% at $22.00 per share, while another 2,900 shares were traded by One Communications Ltd, closing even at $3.46 per share. 300 shares were traded by Bank of N.T. Butterfield Ltd, closing up... Read more of this article
Oil Insurance Declares $250 Million Dividend
The Oil Insurance Limited [OIL] a dividend in an aggregate amount of $250 million to all shareholders on record as of January 1, 2019 A spokesperson said, “OIL held its 2019 Shareholder’s Annual General Meeting [AGM] on Thursday, March 21st at the Hamilton Princess in Bermuda. During the meeting, it conducted the review and approval of the... Read more of this article
Information Commissioner’s 2018 Annual Report
The Information Commissioner’s Office Annual Report 2018 has been released, highlighting the operation of the Public Access to Information [PATI]. The statement released with the report said, “Information Commissioner Gitanjali S. Gutierrez’s Annual Report 2018 on the operation of the Public Access to Information [PATI] Act 2010 has been tabled... Read more of this article
Ascendant’s Share Repurchases For March 22nd
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 8000 common shares at an average price of $20.00 on 22 March 2019. The Company advised the repurchased shares will be cancelled. Related Stories Ascendant Celebrates Women’s Day Ascendant’s... Read more of this article
EY Donates To Women’s Resource Centre
In honor of International Women’s Day and Women’s History Month, EY Bermuda Ltd. made a donation to the Women’s Resource Centre in Bermuda. A spokesperson said, “The centre provides education, training, counseling and support services for women in the local community. As a founding sponsor for Bermuda’s International Women’s Day event,... Read more of this article
Lahey To Provide Medical Services At BMSG
The Lahey Hospital & Medical Center is to provide medical services to patients of the Bermuda Medical Specialties Group [BMSG], following an agreement between the two medical practices. The agreement calls for Lahey Hospital & Medical Center physicians to visit Bermuda Medical Specialties Group regularly in support of specialist physician services... Read more of this article
New Entrepreneurial Accelerator Launched Today
Ignite Bermuda launched the island’s “first privately funded entrepreneurial accelerator” today [March 26], with an aim to be the “ideal environment for local entrepreneurs to help them grow and scale their businesses”. It will operate as a not-for-profit organisation and all services including office space, education and... Read more of this article
Executive Developments At Hamilton Insurance
Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s, today announced several executive-level developments: Peter Barrett, former Chairman of Lloyd’s insurance broker Bell & Clements, has been appointed to the newly-created position of Global Head, Specialty Insurance. Christi... Read more of this article
Bermuda Stock Exchange Report: March 25 2019
March 25 saw 12,270 shares trade on the Bermuda Stock Exchange, valued at $297,880.00 BD. 5,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 8.3% at $33.00 per share, while another 4,610 shares were traded by Ascendant Group Limited, closing even at $20.00 per share. 2,550 shares were traded by BF&M Ltd, closing down 1.6% at... Read more of this article
Premier, Minister To Attend Meetings In Europe
Premier David Burt and Minister of Finance Curtis Dickinson will lead a Bermuda team to Europe for a round of meetings aimed at laying the groundwork for Bermuda’s removal from the EU’s list of non-cooperative tax jurisdictions. The Premier said, “Through our representatives in London and Brussels we have secured a number of important meetings... Read more of this article
