Hashtag: #BermudaBusiness

BF&M Limited Concludes Strategic Review

BF&M Limited Concludes Strategic Review

BF&M Limited’s Board of Directors has concluded its “review of strategic alternatives” and said that “after a comprehensive process with the assistance of Desjardins Capital Markets, the Board has determined that continuing to execute its strategic plan on a standalone basis is in the best interest of all shareholders.” Anthony... Read more of this article

Appleby Welcomes Jane Walker & Hailee Forde

Appleby Welcomes Jane Walker & Hailee Forde

Law firm Appleby has welcomed Jane Walker [Senior Associate] and Hailee Forde [Associate] to their Bermuda office. A spokesperson said, “Jane who started her legal career in Bermuda with Appleby in 2008, recently re-joined Appleby from another local law firm. She advises clients in both the public and private sectors and has extensive experience... Read more of this article

AM Best Affirms North End Re Credit Ratings

AM Best Affirms North End Re Credit Ratings

AM Best has affirmed the Financial Strength Rating [FSR] of A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] of North End Re Ltd. [Bermuda] A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term... Read more of this article

AXIS Capital’s 2022 Fourth Quarter Results

AXIS Capital’s 2022 Fourth Quarter Results

AXIS Capital Holdings Limited announced financial results for the fourth quarter ended December 31, 2022. A spokesperson said, “Net income available to common shareholders for the fourth quarter of 2022 was $41 million, or $0.48 per diluted common share, compared to net income available to common shareholders of $197 million, or $2.31 per diluted... Read more of this article

Bermuda Stock Exchange Report: Jan 26 2023

Bermuda Stock Exchange Report: Jan 26 2023

January 26 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,273.19, even on the day. There were 0 advances, 0 declines, and 68 remained unchanged. The full report for the day is available here [PDF].  Read More →

Summit Early Bird Registration To End On Jan 27

Summit Early Bird Registration To End On Jan 27

Potential attendees of the Bermuda Business Development Agency’s [BDA] second annual Bermuda Risk Summit, being held at the Hamilton Princess & Beach Club from March 6-8, are reminded the early bird registration price will end tomorrow [Jan 27]. A spokesperson said, “Included in the early bird price are keynote breakfasts, networking breaks... Read more of this article

15% Vacancy Rate At City Ground Floor Level

15% Vacancy Rate At City Ground Floor Level

The City of Hamilton “has a vacancy rate of 15% at ground floor level” and “we predict that this figure is likely to increase as the full and long-term impacts of the pandemic are felt. ” This is according to the recently released City of Hamilton Plan 2023 Consultative Draft which said, “Our research has found that the... Read more of this article

EY’s 2023 Global Insurance Outlook Report

EY’s 2023 Global Insurance Outlook Report

EY’s 2023 Global Insurance Outlook explores the impact of “macroeconomic, geopolitical and pandemic-driven upheavals” on the global insurance industry. A spokesperson said, “The report finds that amid this turbulence, more people want more protection for what they value most, opening growth opportunities for innovative insurers who... Read more of this article

Retail Sales Decreased 0.2% In October 2022

Retail Sales Decreased 0.2% In October 2022

After adjusting for the retail sales rate of inflation – measured at 5.8% in October – the overall volume of retail sales decreased 0.2% when compared to October 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the October 2022 Retail Sales... Read more of this article

Walkers & TLC Group To Host PIPA Webinar

Walkers & TLC Group To Host PIPA Webinar

Walkers and The TLC Group will be holding a free Personal Information Protection Act [PIPA] webinar on Thursday, February 2 from 12.30pm to 1.30pm. A spokesperson said, “Walkers and The TLC Group will be holding a free Personal Information Protection Act webinar on Thursday 2 February 2023. The webinar will run from 12.30pm to 1.30pm, Atlantic... Read more of this article

Dan Rance Joins Resilience Bermuda

Dan Rance Joins Resilience Bermuda

Resilience announced that Dan Rance will be joining as Head of Resilience Bermuda and Global Head of Large Accounts. A spokesperson said, “Resilience, the next-generation cyber risk solutions company, is proud to announce that Dan Rance will be joining as Head of Resilience Bermuda and Global Head of Large Accounts to help accelerate delivery... Read more of this article

Apex Expands Relationship With ICICI Venture

Apex Expands Relationship With ICICI Venture

Apex Group Ltd., a global financial services provider, announces the expansion of its long-running business relationship with ICICI Venture. A spokesperson said, “ICICI Venture is a pioneer in the Indian alternative asset management industry and partners with leading Indian and global institutional investors through various types of capital pools... Read more of this article

Bermuda Stock Exchange Report: Jan 25 2023

Bermuda Stock Exchange Report: Jan 25 2023

January 25 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,273.19, even on the day. There were 0 advances, 0 declines, and 68 remained unchanged. The full report for the day is available here [PDF].  Read More →