Hashtag: #BermudaBusiness
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
Bermuda Stock Exchange Report: Oct 2 2017
October 2 saw 4,913 shares trade on the Bermuda Stock Exchange, valued at $56,321.50 BD. 4,000 shares were traded by Ascendant Group Limited, closing even at $9.25 per share, while another 800 shares were traded by BF&M Ltd, closing even at $19.10 per share. 113 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $36.00 per share. The... Read more of this article
Everest Obtains Regulatory Approval For Ireland
Bermuda-based Everest Re Group, Ltd. announced that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be named Everest Insurance Ireland, dac [EIID], continues the expansion of the Everest Insurance® franchise, and enables the... Read more of this article
Nominations Open For The 2017 TechAwards
What do Hitch’s mobile taxi reservation app, Trunomi’s identity encryption platform, MediaMine’s Official Hollywood Walk of Fame mobile app, Gorham’s iOS mobile apps, the Code 441 Hackathon, and the Bermuda Football Association mobile app have in common? They are all innovative ways in which technology has enhanced life, and they are all past... Read more of this article
Consumer Price Index: Inflation Decreased 0.1%
Consumers paid 1.7% more in July 2017 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation decreased 0.1 percentage point from the 1.8% measured in June 2017. This is according to the latest Consumer Price Index, which said, “Between June 2017 and July 2017, the average... Read more of this article
Mahesh Madhavan Takes Over As Bacardi CEO
Bermuda-headquartered Bacardi Limited announced that 20-year Bacardi veteran Mahesh Madhavan is taking over the chief executive leadership role effective immediately. As announced in March, Madhavan succeeds Michael J. Dolan, who has retired as chief executive officer [CEO], a role he held since 2014. Madhavan will be based in the company’s global... Read more of this article
Column: Storms & Bermuda-Based Re/Insurers
[Opinion column written by Ross Webber] Thirty years ago, Hurricane Emily hit Bermuda. She was a Cat 1 storm—and the first major tempest of its kind that many islanders can remember. The previous hurricane that strong was back in 1948. Emily made landfall on September 25, 1987, packing 90-mile-per-hour winds, gusts up to 112, and even a few tornadoes. Emily’s... Read more of this article
