Category: Business

One Communications 2018 Financial Results

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd. announced their Financial Results for the year ended December 31, 2018. The full filing stated: Overview of the year ended December 31, 2018: Net income for the year of $15.1 million [2017: $15.0 million]; Shareholders’ equity of $150.2 million as at December 31, 2018 [2017:... Read more of this article

Pasquesi To Succeed Iordanou As Chairman

Arch Capital Group Ltd. announced that John Pasquesi will succeed Constantine “Dinos” Iordanou as Chairman of its Board of Directors in September upon the completion of Mr. Iordanou’s term. Mr. Pasquesi is currently Lead Director of the Board of Directors and has been a member of the Board and Vice Chairman since 2001. Mr. Pasquesi is the managing... Read more of this article

Shipping Schedule: Week Starting March 23

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday March 23rd. On Sunday the Golar Maria LNG tanker is expected, and on Monday the Oleander and the Oleander III container ships, the Seven Seas Voyager cruise ship and the Oslo Bulk 1 general cargo ship will arrive. On Wednesday... Read more of this article

BF&M Share Repurchases For February 2019

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase programme, during the month of February 2019 the company repurchased 41,473 common shares at an average price of $16.16. The Company advised the repurchased shares were reserved for issuance. Related Stories Veronica Swan DeGraff Earns... Read more of this article

Bermuda Stock Exchange Report: March 22 2019

March 22 saw 8,000 shares trade on the Bermuda Stock Exchange, valued at $160,000.00 BD. 8,000 shares were traded by Ascendant Group Limited, closing even at $20.00 per share. The BSX finished at 2,205.48, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article

RenaissanceRe Completes Acquisition Of TMR

RenaissanceRe Holdings Ltd. today [March 22] announced that it has concluded its acquisition of Tokio Millennium Re [TMR]. The acquisition was originally announced on October 30, 2018 and the completion follows the receipt of all necessary regulatory approvals. Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, said: “The... Read more of this article

Bloomberg, Duperreault Speak At Bermuda Forum

Michael Bloomberg and Brian Duperreault highlighted Bermuda’s value to global business and the United States, delivering a dynamic launch yesterday to a full-capacity Bermuda Executive Forum in New York. Both high-profile executives joined Premier David Burt for the event’s kick-off “fireside chat,” a casual and wide-ranging discussion that... Read more of this article

Govt’s Policy Directions: Possible Sale Of BELCO

[Updated] Speaking in the House of Assembly today [March 22], Minister of Home Affairs Walter Roban provided an overview of the policy directions that he provided to the Regulatory Authority. This follows after the Ascendant Group — the parent company of BELCO — said they are “evaluating strategic alternatives, including the potential sale of... Read more of this article

Ascendant’s Share Repurchases For March 20

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 1,800 common shares at an average price of $20.00 on 20 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

Bermuda Stock Exchange Report: March 21 2019

March 21 saw 1,900 shares trade on the Bermuda Stock Exchange, valued at $68,400.00 BD. 1,900 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.1% at $36.00 per share. The BSX finished at 2,205.48, down 5.31% on the day. There were 0 advances, 1 decline, and 56 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Lodge & Lambert Appointed BEDC Directors

Bermuda Economic Development Corporation Executive Director Erica Smith has appointed two new Directors, Mrs. Jamillah Lodge, Director of Communication and Development and Mr. Raymond Lambert, Director of Micro, Small and Medium Enterprises [MSME]. “The new Directors will help to deliver on the new strategic direction of the BEDC under the guidance... Read more of this article

Category: Business

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