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Axis Appoints Stephen Lord & Robert Barriero

Axis Appoints Stephen Lord & Robert Barriero

AXIS Capital named Stephen Lord as Global Chief Information Officer and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate. A spokesperson said, “AXIS Capital Holdings Limited announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer [CIO] and Robert Barriero as Global Head of Strategic... Read more of this article

AM Best Affirms Validus Re’s Excellent Ratings

AM Best Affirms Validus Re’s Excellent Ratings

Following a review, AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of Validus Reinsurance, Ltd. and Validus Reinsurance [Switzerland] Ltd. The ratings agency said, “AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A [Excellent]... Read more of this article

Shipping Schedule: Week Starting March 2

Shipping Schedule: Week Starting March 2

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 2nd. On Monday the Oleander container ship is expected, on Wednesday the Flexvik general cargo ship will arrive, on Thursday the Bermuda Islander container ship is scheduled to arrive, Alexander von Humboldt II... Read more of this article

Everest Group Limited Declares Dividend

Everest Group Limited Declares Dividend

Everest Group announced that its Board of Directors declared a dividend of $1.75 per common share payable on or before March 27, 2024 to all shareholders of record as of March 19, 2024. Related Stories Addesso: “Exceptional Quarter” For Everest Everest Group Announces $1.75 Dividend Everest Increases Quarterly Dividend To $1.75 Everest To... Read more of this article

Bermuda Stock Exchange Report: Mar 1 2024

Bermuda Stock Exchange Report: Mar 1 2024

March 1 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $70,380.00 BD. 2,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 8.5% at $32.00 per share. The BSX finished at 2,368.41, up 6.00% on the day. There was 1 advance, 0 declines, and 48 remained unchanged. The full report for the day is available here [PDF], and... Read more of this article

Fidelis Launches Quarterly Dividend Program

Fidelis Launches Quarterly Dividend Program

Fidelis Insurance Holdings announced that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay a quarterly cash dividend. The initial dividend will be $0.10 per share, payable on March 29, 2024 to common shareholders of record on March 15, 2024. Dan Burrows, Fidelis Insurance Group CEO stated,... Read more of this article

David Gibbons Recognized By Captive Review

David Gibbons Recognized By Captive Review

David Gibbons, PwC Bermuda’s Captive Insurance Leader, has been named to Captive Review’s list of the most influential global captive figures since 1999. With the help of thousands of responses to this year’s annual Power 50 poll, Captive Review compiled a long list of potential entries. The publication said the task of whittling down the list... Read more of this article

Teneo Appoint Shailer And Bickley-May

Teneo Appoint Shailer And Bickley-May

Teneo has appointed Andrew Shailer as Managing Director and Nathan Bickley-May as Director in its Financial Advisory business in Bermuda. A spokesperson said, “Teneo, the global CEO advisory firm, today announced the appointments of Andrew Shailer to Managing Director and Nathan Bickley-May to Director* with the firm’s Financial Advisory business... Read more of this article

Axis Capital Appoints W. Marston Becker

Axis Capital Appoints W. Marston Becker

AXIS Capital announced that W. Marston [Marty] Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors. A spokesperson said, “Mr. Smith, who has served as Chair since May of 2020, has decided to transition from the Chair role and will continue to maintain a seat on the Board. The transition will take place in May of... Read more of this article

LOM Financial Limited Releases 2023 Results

LOM Financial Limited Releases 2023 Results

In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited today announced the financial results for the fiscal year ending 31 December 2023. The full filing stated, “LOM Financial Limited is pleased to report full year 2023 profits of $4,000,600 or $0.80 per share, versus our 2022 profits of $1,883,951 or $0.37 per share. This increase... Read more of this article

Bermuda Stock Exchange Report: Feb 29 2024

Bermuda Stock Exchange Report: Feb 29 2024

February 29 saw 13,000 shares trade on the Bermuda Stock Exchange, valued at $271,400.00 BD. 3,000 shares were traded by Argus Group Holdings Ltd, closing even at $6.30 per share, while the other 10,000 shares were traded by BF&M Ltd, closing at an even $25.25 per share. The BSX finished at 2,234.32, even on the day. There were 0 advances, 0... Read more of this article

Orange Bay Opens New Designer Showroom

Orange Bay Opens New Designer Showroom

Orange Bay Company announced the opening of its newest Designer Showroom. A spokesperson said, “This latest addition marks a significant milestone for the company, now boasting three meticulously curated showrooms [Designer, Main & Home Goods], offering an unparalleled shopping experience to its community of shoppers. “Founded by Delight... Read more of this article

Reinsurance CEOs To Share Insights At Summit

Reinsurance CEOs To Share Insights At Summit

A panel of Bermuda reinsurance CEOs offer a unique lens into optimising capital deployment, risk management, and the dynamic forces shaping the industry’s future at the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency [BDA], in partnership with the Association of Bermuda Insurers and Reinsurers [ABIR] and EY. The... Read more of this article

Bank Of Butterfield Notice Of Share Ownership

Bank Of Butterfield Notice Of Share Ownership

In a filing with the Bermuda Stock Exchange, The Bank of N.T Butterfield & Son Limited provided notice of shareholder ownership over 5%. The notice said, “Pursuant to BSX Regulation 6.14 [2] [ii] we write to notify the BSX that the following shareholders now hold 5% or more of the Bank’s outstanding ordinary shares: Blackrock Inc –... Read more of this article

Bermuda Stock Exchange Report: Feb 28 2024

Bermuda Stock Exchange Report: Feb 28 2024

February 28 saw 18,500 shares trade on the Bermuda Stock Exchange, valued at $306,050.00 BD. 8,500 shares were traded by Argus Group Holdings Ltd, closing even at $6.30 per share, while the other 10,000 shares were traded by BF&M Ltd, closing down 0.9% at $25.25 per share. The BSX finished at 2,234.32, down 0.10% on the day. There were 0 advances,... Read more of this article

Businesses Encouraged To Partner With DWD

Businesses Encouraged To Partner With DWD

Businesses encouraged to partner with Department of Workforce Development in providing summer employment opportunities for students in Youth Employment Programmes. A Government spokesperson said, “All local businesses are encouraged to partner with the Department of Workforce Development [DWD] to support the development of our youth and Bermuda’s... Read more of this article