Hashtag: #BermudaBusiness
BF&M & Argus Approve Amalgamation
BF&M Limited and Argus Group Holdings announced that their shareholders overwhelmingly approved the proposed amalgamation of Argus and Eleos Health Ltd., along with related governance matters, during Special General Meetings today [Dec 23]. A filing with the BSX stated, “BF&M Limited and Argus Group Holdings Limited announced today that, at... Read more of this article
TLC Group Marks Six Years In Business
The TLC Group of Companies is marking six years in business and highlighting new services launched in 2024. A spokesperson said, “In 2018, three forward-thinking women from Bermuda came together with a clear vision: to bridge the knowledge gap in data protection. At the time, terms like GDPR [General Data Protection Regulation] and PIPA [Personal... Read more of this article
Industrial Action Disrupts Bermuda Gas Service
Bermuda Gas & Utility Company Limited is “currently facing significant disruptions due to industrial action that is affecting its ability to serve both residential and commercial customers.” A spokesperson said, “The industrial action, which began in late November, has persisted longer than anticipated. We had hoped the matter would... Read more of this article
Shipping Schedule: Week Starting Dec 21
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, December 21st. On Saturday the Penelope M discharge vessel is expected, on Sunday the AIDAmar cruise ship will arrive, on Monday the Oleander container ship and the Star Tenbu container ship is scheduled to arrive and... Read more of this article
Bermuda Stock Exchange Report: Dec 20 2024
December 20 saw 150 shares trade on the Bermuda Stock Exchange, valued at $396.80 BD. 50 were traded by Argus Group Holdings Ltd, closing even at $5.00 per share, while the other 100 shares were traded by Bermuda Aviation Services Ltd, closing up 6.1% at $1.75 per share. The BSX finished at 2,514.56, up 0.02% on the day. There was 1 advance, 0 declines,... Read more of this article
Bermuda Stock Exchange Report: Dec 19 2024
December 19 saw 700 shares trade on the Bermuda Stock Exchange, valued at $14,000.00 BD. 700 shares were traded by BF&M Ltd, closing up 7.6% at $20.00 per share. The BSX finished at 2,514.01, up 0.52% on the day. There was 1 advance, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
RUBiS Donates Over $25,000 To Charities
RUBiS Energy Bermuda Ltd. donated over $25,000 to local charities through proceeds from the 2024 RUBiS Calendar. A spokesperson said, “As part of its commitment to supporting agencies that assist our community, RUBiS Energy Bermuda Ltd. is pleased to announce that multiple local charities have each received a check for $6,298.00. This donation of... Read more of this article
Minister To Joins Roundtable Discussion
Minister of Economy and Labour Jason Hayward will participate in a roundtable next month to launch a free, online foundational insurance course sponsored by the Association of Bermuda Insurers and Reinsurers [ABIR]. A spokesperson said, “Jason Hayward, JP, MP, the Minister of Economy and Labour, will be among the participants in a roundtable next... Read more of this article
Deloitte Donates $25,000 To Family Centre
Deloitte Bermuda has donated $25,000 to the Family Centre, providing a comprehensive holiday experience for eleven families. A spokesperson said, “Deloitte Bermuda has generously contributed $25,000 to support eleven families through the Family Centre, offering them a comprehensive holiday experience. Deloitte employees, organized into eleven teams,... Read more of this article
Darag Sells North American & Bermuda Entities
Darag Group has completed the sale of its North American and Bermuda business entities to the RiverStone Group, following regulatory approval. A spokesperson said, “Darag Group, a leading legacy acquirer with a focus on the European market, today announced that it has completed the sale of its North American and Bermuda business entities to the RiverStone... Read more of this article
AM Best Revised Conduit’s Outlook To Positive
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Conduit Reinsurance Limited [Bermuda]. A statement from the ratings agency said, “The Credit Ratings [ratings] reflect Conduit Re’s balance sheet strength, which... Read more of this article
Maiden Holdings To Sell Swedish Subsidiaries
Maiden Holdings announced the sale of its Swedish subsidiaries, Maiden General and Maiden Life, to a London-based insurance group in an all-cash transaction. A spokesperson said, “Maiden Holdings, Ltd. announced today that it had entered into an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings [Maiden General] and Maiden... Read more of this article
