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Shipping Schedule: Week Starting January 22

Shipping Schedule: Week Starting January 22

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday Shipping Schedule: Week Starting January 22nd.On Saturday the Phoenix Leader vehicles carrier is expected, and on Sunday the Somers Isles container ship, the HMCS Goose Bay and the HMCS Moncton coastal defense vessels and... Read more of this article

LOM Company Shares Purchased By Director

LOM Company Shares Purchased By Director

In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced company shares purchased by a director. The full filing says, “LOM Financial Limited gave notice that, pursuant to Regulation 6.14[2][i] of the Regulations, on 20th January 2022, a director of the Company purchased 20,000 shares at $5.50, which set a new, higher price... Read more of this article

SiriusPoint Invests In Honeycomb Company

SiriusPoint Invests In Honeycomb Company

SiriusPoint has invested in Honeycomb, “a disruptive US ‘people-focused, tech-driven’ multi-family home insurer.” A spokesperson said, “SiriusPoint Ltd., a global insurer and reinsurer, has invested in Honeycomb, a commercial real estate insurance company that uses technology to help owners of multi-family properties find better... Read more of this article

Bermuda Stock Exchange Report: Jan 21 2022

Bermuda Stock Exchange Report: Jan 21 2022

January 21 saw 28,500 shares trade on the Bermuda Stock Exchange, valued at $156,145.00 BD. 20,000 shares were traded by LOM Financial Limited, closing down 4.5% at $5.25 per share, while another 8,500 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,752.34, down 0.07% on the day. There were 0... Read more of this article

Bank Warns Of Increase In Scam Attempts

Bank Warns Of Increase In Scam Attempts

HSBC Bermuda warned of an “increase in attempts by scammers to trick the public into surrendering confidential information or transferring funds to unintended recipients.” A spokesperson said, “We would like to add our voice to recent messages provided by the Bermuda Police Service, warning the public that these types of fraudsters are... Read more of this article

Ignite Supporting Entrepreneurs & Leaders

Ignite Supporting Entrepreneurs & Leaders

Ignite Bermuda recently kicked off its fifth entrepreneurial accelerator programme by welcoming 34 start-ups to their two-day bootcamp. A spokesperson said, “Last week, Ignite Bermuda kicked off its fifth entrepreneurial accelerator programme by welcoming 34 start-ups to their two-day Bootcamp on Wednesday, January 12th, and Thursday, January 13th... Read more of this article

New Year Changes For The TLC Group

New Year Changes For The TLC Group

Cha’Von Joell has “stepped down from all roles at the TLC Group,” and Taheera Lovell now “manages the strategic leadership, direction, and management of the team based in Bermuda, UK, USA, and across the Caribbean as CEO.” A spokesperson said, “Bermudian businesswomen Cha’Von Joell and Taheera Lovell have been passionately... Read more of this article

CFA Expands Financial Literacy Partnerships

CFA Expands Financial Literacy Partnerships

CFA Society Bermuda has expanded its financial literacy partnerships with the addition of board member Robin Masters to the board of The Financial Literacy Network [FLN]. A spokesperson said, “FLN is a collection of global CFA society leaders organized to increase financial education in their local communities. It began as a group of individuals working... Read more of this article

Bermuda Stock Exchange Report: Jan 20 2022

Bermuda Stock Exchange Report: Jan 20 2022

January 20 saw 40,500 shares trade on the Bermuda Stock Exchange, valued at $233,000.00 BD. 20,000 shares were traded by LOM Financial Limited, closing up 3.8% at $5.50 per share, while another 20,500 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,754.17, up 0.05% on the day. There was 1 advance,... Read more of this article

CG Distributes More Than 75,000 Antigen Tests

CG Distributes More Than 75,000 Antigen Tests

CG Insurance has distributed more than 75,000 rapid antigen test kits free of charge since late October in an effort to help curb the spread of Covid-19 in Bermuda. A spokesperson said, “The kits, which are authorised by the MHRA for use in the UK and approved by the Bermuda Government, offer a quick and easy way for people to test for the presence... Read more of this article

Somers Share Repurchases For December 2021

Somers Share Repurchases For December 2021

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced share repurchases and total shares in issue. The filing stated: “Somers Limited, a financial services investment holding company, announces that during the month of December 2021, Somers had no repurchases of its own common shares. “The number of common shares in issue as... Read more of this article

Bermuda Stock Exchange Report: Jan 19 2022

Bermuda Stock Exchange Report: Jan 19 2022

January 19 saw 24,500 shares trade on the Bermuda Stock Exchange, valued at $147,000.00 BD. 24,500 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,752.71, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF].Related... Read more of this article

Fitch: Underwriting Profitability “Should Return”

Fitch: Underwriting Profitability “Should Return”

“Bermuda [re]insurers should return to underwriting profitability in 2022, as combined ratio improvement and continued premium rate increases more than offset increased catastrophic losses,” according to Fitch Ratings. A statement from the ratings agency said, “Fitch expects pricing to continue to rise but at a declining rate for [re]insurers... Read more of this article