Hashtag: #BermudaBusiness

Aspen Declares Dividends On Preference Shares

Aspen Declares Dividends On Preference Shares

Aspen Insurance Holdings Limited announced that the Board of Directors has declared the following dividends on its Preference Shares:Quarterly dividend of $0.3719 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share;Quarterly dividend of $0.3516 per share on its 5.625%... Read more of this article

Shipping Schedule: Week Starting March 6

Shipping Schedule: Week Starting March 6

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday March 6th.On Sunday the Epic Caledonia LPG tanker is expected, on Monday the Oleander container ship will arrive, on Tuesday the Somers Isles container ship is scheduled to arrive, and on Thursday the Bermuda Islander container... Read more of this article

AM Best Revises Outlooks For Somerset Re

AM Best Revises Outlooks For Somerset Re

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-” of Somerset Reinsurance Ltd. [Somerset Re] [headquartered in Pembroke, Bermuda]. A statement from the ratings agency said, “The Credit Ratings reflect Somerset Re’s balance sheet... Read more of this article

BF&M Share Repurchases For February 2021

BF&M Share Repurchases For February 2021

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 2021 the company repurchased 89,000 common shares at an average price of $21.00. The Company advised the repurchased shares were reserved for issuance. Related StoriesBF&M... Read more of this article

Bermuda Stock Exchange Report: March 5 2021

Bermuda Stock Exchange Report: March 5 2021

March 5 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,496.64, even on the day. There were 0 advances, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories‘Active And Significant Year... Read more of this article

Closed 8%, Open 65%, Reduced Hours 27%

Closed 8%, Open 65%, Reduced Hours 27%

8% of businesses in the City of Hamilton, North Hamilton, St. Georges, and Dockyard are permanently closed, 65% are fully open and 27% are temporarily closed and/or operating on reduced hours according to a foot survey conducted by the Bermuda Chamber of Commerce to record new data on the impact of Covid-19 on businesses. A spokesperson said, “The... Read more of this article

HSBC Celebrates International Women’s Day

HSBC Celebrates International Women’s Day

In celebration of International Women’s Day on Monday [March 8], HSBC Bermuda lit up the Front Street facade of the Harbourview Centre branch in purple, the official colour of International Women’s Day. A spokesperson said, “From tonight through to Monday evening, the Front Street facade of the Harbourview Centre will be illuminated purple,... Read more of this article

Virtual Captive Conference To Be Held In June

Virtual Captive Conference To Be Held In June

Resilience is the theme for the 17th annual Bermuda Captive Conference, which returns as a virtual event on June 14th and 15th. A spokesperson said, “The theme reflects the response of the captive industry to a year of unprecedented uncertainty since the COVID-19 pandemic began. The conference will explore how risk managers and Fortune 500 corporations... Read more of this article

Chamber Announces New Non Profit Division

Chamber Announces New Non Profit Division

The Bermuda Chamber of Commerce announced the creation of a Nonprofit category to their membership divisions. A spokesperson said, “The newly created division is co-chaired by Jennifer Burland Adams and Danielle Riviere, the deputy chair is Deborah Titterton Narraway and the Secretary is Theresa Hall.“Meeting monthly, via zoom due to COVID restrictions,... Read more of this article

Bermuda Stock Exchange Report: March 4 2021

Bermuda Stock Exchange Report: March 4 2021

March 4 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $ 6,750.00 BD. 1,500 shares were traded by Argus Group Holdings Ltd, closing even at $4.50 per share. The BSX finished at 2,496.64, even on the day. There were 0 advances, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Video: ‘Taking Off’ Highlights Gin Company

Video: ‘Taking Off’ Highlights Gin Company

Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting Bermuda Gin Company, one of the Bermudian businesses whose products are being sold at the airport.Speaking in the episode, Mikaela Pearman said, “Over the next few... Read more of this article

EY Aims To Be Carbon Negative In 2021

EY Aims To Be Carbon Negative In 2021

EY announced a “new goal to be carbon negative in 2021 and net zero in 2025, an integral part of EY’s commitment to sustainability and to create long-term value for all stakeholders.” A spokesperson said, “Following the milestone of reaching carbon neutrality in December 2020, EY will focus on significantly reducing absolute emissions... Read more of this article

KPMG Releases 2021/22 Budget Snapshot

KPMG Releases 2021/22 Budget Snapshot

Following the release of the 2021/2022 Budget Statement by Minister of Finance Curtis Dickinson in the House of Assembly on February 26, KPMG in Bermuda provide a recap of the key points. A spokesperson said, “KPMG’s Budget snapshot provides highlights across Bermuda’s national debt, revenues and expenditures, payroll taxes and other initiatives.... Read more of this article