Hashtag: #BermudaBusiness
RenRe Estimate $625M From Storms & Quake
Bermuda-based RenaissanceRe Holdings Ltd. said it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake. The Company currently estimates that losses from Hurricanes Harvey and Irma will have a net negative impact of approximately $225 million and $175 million, respectively,... Read more of this article
Bermuda Stock Exchange Report: Oct 4 2017
October 4 saw 12,950 shares trade on the Bermuda Stock Exchange, valued at $467,075.00 BD. 12,950 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $36.25 per share. The BSX finished at 2,148.90, up 0.53% on the day. There was 1 advance, 1 decline, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Jordan Lawrence Describes Intern Experience
[Written by Jordan Lawrence] You miss 100% of the chances you don’t take. When I first heard about the opening to travel to Toronto for an internship programme put on by Aecon and Bermuda Skyport as part of the redevelopment of the LF Wade International Airport, I immediately took advantage of the opportunity, not completely sure of where the road... Read more of this article
Businesses Urged To Prepare For Disney Cruises
Local tourism businesses are encouraged to get ready for the inaugural Disney Cruise Line calls which begin arriving on the island one year from now. To help with preparations, Disney and Bermuda Tourism Authority representatives will host a stakeholder briefing on Tuesday, October 17, 2017 at the Fairmont Southampton. “The Disney cruise passenger... Read more of this article
Digicel Announces Paul Stafford As CEO
Digicel today [Oct 4] officially announced Paul Stafford’s appointment as Chief Executive Officer of both its Bermuda operations. The company said, “Charged with delivering operational excellence across all channels of the business for both Digicel and Bermuda Telephone Company [BTC], Paul brings with him a wealth of knowledge and experience... Read more of this article
XL Catlin Named Bermuda Insurer Of The Year
Insurance industry trade publication Reactions magazine has named XL Catlin as the Bermuda Insurer of the Year. Patrick Tannock, XL Catlin Managing Director and Chief Executive Officer of XL Bermuda Ltd, Insurance, was joined by team members Cathy Duffy, Underwriting Manager; Mark Flanagan, Chief Property Underwriter; Carla Greaves, Chief Excess Casualty... Read more of this article
Ascendant’s Sept 2017 Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of September 2017 the company repurchased 5,400 common shares at an average price of $9.25. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Celebrates... Read more of this article
Sompo Reorganization & Global System
Sompo International Holdings Ltd. [SIH], a Bermuda based specialty provider of property and casualty insurance and reinsurance, announced the “creation of a worldwide platform and the introduction of a global clearance system [GCS]. ” By introducing GCS, SI aims to set a new global standard of conducting business, providing customers with... Read more of this article
WM To Acquire 50% Stake In DavidShield
White Mountains Insurance Group has entered into an agreement to acquire a 50% equity stake in DavidShield, its joint venture partner in PassportCard, and a leading provider of expatriate medical and other accident and health insurance coverages. Following closing of the transaction, White Mountains and Alon Ketzef, the founder of both DavidShield and... Read more of this article
Estera Launches In Luxembourg
Estera, a global provider of fiduciary and administration services, announced the launch of Estera [Luxembourg] S.à r.l following its successful acquisition of Headstart S.à r.l earlier this year. Led by managing directors Christophe Gaul and Manuel Mouget, Estera [Luxembourg] S.à r.l provides a full range of high-end specialist corporate and trust... Read more of this article
Bermuda Stock Exchange Report: Oct 3 2017
October 3 saw 2,525 shares trade on the Bermuda Stock Exchange, valued at $47,012.50 BD. 1,525 shares were traded by BF&M Ltd, closing up 2.1% at $19.50 per share, while another 700 shares were traded by Ascendant Group Limited, closing even at $9.25 per share. 300 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $36.00 per... Read more of this article
Photos: Gorham’s Think Pink Ladies Night Out
Gorham’s hosted their “Think Pink” ladies night out today [Oct 3], a ladies night out aiming to support breast cancer awareness and related local services. While aimed at women, men were welcome to the event also, which saw a 20 percent discount offered on purchases, along with free food, drink samples, giveaways, and more. Some shoppers took... Read more of this article
