Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Jan 15 2018
January 15 saw 23,800 shares trade on the Bermuda Stock Exchange, valued at $237,610.00 BD. 23,800 shares were traded by Ascendant Group Limited, closing up 5.3% at $10.00 per share. The BSX finished at 2,313.29, up 0.21% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Designer Balloons Studio Website Launched
Designer Balloons Studio, a business specializing in balloon décor and other party supplies, has launched an interactive new website, giving customers the chance to bring a creative vision for their next event to life. The site, www.designerballoonstudio.com, which officially launched last week, allows people to purchase an array of balloons and creative... Read more of this article
R&Q Sells Insurance & Captive Operations
Randall & Quilter Investment Holdings Ltd. [R&Q] announced the sale of its Insurance Services and Captive Management Operations to Davies Group [Davies] a leading operations management, consultancy and digital solutions provider. The transaction involves the sale of the entire share capital of JMD Specialist Insurance Services Group Limited... Read more of this article
XL Announces Appointment Of Leila Madeiros
XL Group Ltd announced today [Jan 15] that Leila Madeiros, Senior Vice President, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers [ABIR], will join the Company in April as Head of Compliance & Regulatory Affairs, Bermuda. Ms. Madeiros will report to Sean McGovern, XL Group’s Chief Compliance Officer... Read more of this article
WiRe Panel To Address Diversity In Boardroom
Women in Reinsurance [WiRe], the professional organization for women working in the reinsurance sector, announced plans to host a panel on the topic of diversity in the boardroom. The “Breaking Board” panel will include Rochelle Simons [Chairwoman, Institute of Directors Bermuda Branch], Fiona Luck [Retired Chief of Staff XL Catlin and NED of... Read more of this article
Clarien Bank Increase Deposit & Savings Rates
Effective January 15, 2018, Clarien Bank Limited will be increasing its term deposit rates and adjusting its BMD$ base lending rate following the US Federal Reserve rate increase announced on December 13, 2017. Promotional Deposit Products “Clarien is introducing a series of attractive promotional deposit products to provide its client base and... Read more of this article
XL Estimate Wildfires Catastrophe Loss Of $45M
XL Group Ltd announced preliminary estimates of natural catastrophe net losses of approximately $45 million related to the recent wildfires in Southern California and $20 million related to other events. The estimated losses are approximately evenly split between the Company’s Insurance and Reinsurance segments. “Total aggregate net loss estimates... Read more of this article
AlphaCat: $3.4B Assets Under Management
Bermuda-based Validus Holdings announced that assets under management at Alphacat Managers, Ltd. were $3.4 billion as of January 1, 2018. This $3.4 billion figure reflects net third party inflows of $714.2 million at January 1, 2018, resulting in total third party assets under management of $3.2 billion. Lixin Zeng, the Global Head of Asset Management... Read more of this article
Photos & Video: Auto Solutions ‘Tailgate Party’
Auto Solutions hosted an NFL Tailgate Party this evening [Jan 13], featuring a big screen to view the game, DJ, food truck & a Gosling’s bar; with all proceeds from the event to be donated to the Reading Clinic. The 3-minute live video replay is below: American football fans followed the largely American tradition of ‘tailgating’ in a... Read more of this article
Bank Foundation Redefines Scholarships Criteria
The Bank of Bermuda Foundation has redefined its eligibility criteria for its annual scholarships by placing a priority on financial need in addition to academic merit. A spokesperson said, “Following two years of strategic planning from 2014 to 2016, Bank of Bermuda Foundation identified the need to evolve from being a charitable to a philanthropic... Read more of this article
Shipping Schedule: Week Starting January 13
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday January 13th. On Sunday the BlackWatch cruise ship is expected, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday the Somers Isles container ship will arrive, and on Thursday the Bermuda Islander... Read more of this article
One Communications Dec. Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of December 2017 the company repurchased 223,733 of its common shares at an average price of $2.85 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications... Read more of this article
