Hashtag: #BermudaBusiness
Minister To Speak At Chamber On Procurement
Minister of Cabinet Office with Responsibility for Government Reform Lovitta Foggo will address members of the Chamber of Commerce tomorrow [Jan. 31] regarding the Code of Practice for Project Management and Procurement. The meeting, which is for Chamber members only, will afford those present an opportunity to learn more about the new rules associated... Read more of this article
Meeting For Brown-Darrell Clinic Patients
Patients and others “who are concerned about the impending closure of the Brown-Darrell Clinic” are invited to attend a meeting on Thursday [Feb 1] at 5:30pm at St. Paul’s Centennial Hall, where Dr Ewart Brown will be available “to answer any questions.” A spokesperson said, “Patients of Bermuda HealthCare Services/Brown-Darrell... Read more of this article
City Of Hamilton To Collect New Sewerage Tax
An amendment will allow the City to collect a sewage tax applicable to all properties connected to the City sewage system, the City of Hamilton has advised, with the City saying “this new sewerage tax is critical to ensure the viability of the City of Hamilton’s sewage system.” A spokesperson said, “The City of Hamilton advises that... Read more of this article
Monument Re Acquires Aspecta Assurance
Monument Re Limited announced today, that, subject to regulatory approval, it has acquired full ownership of Aspecta Assurance International Luxembourg S.A.. Aspecta, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, was incorporated in 2000 as a 100% subsidiary of Talanx Group. Since 31st December 2010 it has... Read more of this article
Thatcher Celebrates 25 Years In Real Estate
Lyndy Thatcher is celebrating her 25th anniversary in the real estate business, and her team at Rego Sotheby’s International Realty said they “celebrate the success of her career, her dynamic personality, and the enthusiasm she brings to the world of real estate here in Bermuda.” “It’s hard to believe that January 2018 marks my... Read more of this article
AXIS Capital Finality On Legacy Novae Business
AXIS Capital Holdings Limited announced that AXIS Managing Agency Ltd, a subsidiary of AXIS Capital and the managing agent of Syndicate 2007 has entered into an agreement for the Reinsurance to Close [RITC] of the 2015 and prior years of account of Syndicate 2007. “This RITC transaction covers the net reserve for losses and loss expenses associated... Read more of this article
Validus Cancels Financial Results Call/Webcast
In light of its definitive agreement to be acquired by American International Group [AIG], Validus is canceling its fourth quarter and year end 2017 conference call and webcast that was previously scheduled for Friday, February 2, 2018. Validus will issue its fourth quarter 2017 results earnings release and related SEC filings as previously scheduled... Read more of this article
Bermuda Stock Exchange Report: Jan 29 2018
January 29 saw 14,850 shares trade on the Bermuda Stock Exchange, valued at $249,944.50 BD. 4,800 shares were traded by Somers Limited, closing down 1.7% at $14.25 per share, while another 4,250 shares were traded by Argus Group Holdings Ltd, closing down 3.3% at $3.77 per share. 3,600 shares were traded by Bank of N.T. Butterfield Ltd, closing up... Read more of this article
Enstar Reinsures £840M Novae Legacy Portfolio
Enstar Group Limited announced that its Lloyd’s managing agency, StarStone Underwriting Limited, has finalized a reinsurance-to-close transaction with AXIS Managing Agency Limited under which Enstar’s Syndicate 2008 will reinsure to close the 2015 and prior underwriting years of account of Novae Syndicate 2007. Enstar will assume net reinsurance... Read more of this article
Column: Data Privacy Day, PIPA & Bermuda
[Written by Nancy Volesky] Sunday, January 28 is “Data Privacy Day” an international celebration of privacy and data protection best practices held in 50 countries, including the EU, Canada and the United States. While Data Privacy Day has not yet been celebrated in Bermuda, 2018 will prove to be a watershed year for the country with regards the... Read more of this article
Aspen Estimate $135M Preliminary Pre-Tax Loss
Bermuda-based Aspen Insurance Holdings Limited announced a preliminary estimate of approximately $135 million in pre-tax losses, net of reinsurance and reinstatement premiums, related to wildfires in California in the fourth quarter of 2017. The estimated losses are predominantly attributed to Aspen’s Reinsurance segment. Aspen expects to record... Read more of this article
Dockyard “Water Break” Closes Clocktower Mall
The Clocktower Mall will be closed today [Jan 27] as a result of “a major fresh water break in Dockyard this morning” according to officials. A spokesperson said, “We have experienced a major fresh water break in Dockyard this morning. Our team is on site and attending to the repairs. Due to the lack of fresh water, we will keep the... Read more of this article
