Hashtag: #BermudaBusiness
One Communications Release Unaudited Results
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd, reported unaudited results for the six months ended June 30, 2017. The filing stated: Financial Highlights for the six months ended June 30, 2017: Revenues: $63.4 million, $50.3 million in Bermuda and $13.1 million in Cayman Operating income: $7.9 million Earnings per share:... Read more of this article
Davidrose Jewelry To Open Store In Hamilton
Luxury jewelry brand Davidrose Jewelry plans to open a new storefront in the heart of Hamilton. The company said that the new location, at 47 Front Street in the Walker Arcade, will officially open for business later this year, offering customers the same high-quality collections in a more convenient setting. David Zuill, the co-owner of Davidrose Jewelry,... Read more of this article
Monument Re Acquires Interest In ABN AMRO
Monument Re Limited has acquired full ownership over Benelux Life Run-Off SCS, including its acquisition of ABN AMRO Life Capital Belgium N.V., the Belgian life insurance subsidiary of ABN AMRO [AALCB], subject to regulatory approvals. “Benelux Life Run-Off SCS was recently established by Acathia Capital as the first run-off platform for life... Read more of this article
Bermuda Stock Exchange Report: Sept 18 2017
September 18 saw 10,200 shares trade on the Bermuda Stock Exchange, valued at $210,870.00 BD. 3,500 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $34.25 per share, while another 3,500 shares were traded by BF&M Ltd, closing down 0.2% at $20.60 per share. 2,200 shares were traded by One Communications Ltd, closing at an... Read more of this article
Photos & Video: YouthNet Super Raffle Event
Prestige Autos Ltd, YouthNet, and Colonial came together on Friday [Sept 15] in order to launch the YouthNet Super Raffle, featuring a grand prize of a Mercedes-Benz GLA. Called ‘Win Big and Do Good,’ the raffle prize also features one year of licensing and a $1,000 Motor Insurance Voucher courtesy of Colonial. Tickets – of which only... Read more of this article
Clarien Bank To Match Donations Up To $10K
Clarien Bank today [Sept 18] announced the launch of a donation drive to support recovery efforts in the Caribbean after the devastation caused by Hurricane Irma, with the Bank set to match donations up to $10,000. “Donations should be made directly to the Bermuda Red Cross account at Clarien Bank. The funds will support Red Cross societies from... Read more of this article
A.M. Best Affirms StarStone Insurance Ratings
A.M. Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of StarStone Insurance Bermuda Limited and its subsidiaries. A statement from the rating company said, “Since its launch in 2008, StarStone has built scale through a combination of acquisitions of businesses and teams, and... Read more of this article
‘Dramatic Increase’ For Watlington Waterworks
In a filing with the Bermuda Stock Exchange [BSX], Watlington Waterworks released their Directors report, saying that their ”performance through the first six months of this year has been remarkable,” with the increase “due to very high demand from increased tourism related activity because of the America’s Cup and an early summer... Read more of this article
Shipping Schedule: Week Starting September 16
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday September 16th. On Sunday the Aurora and the Norwegian Dawn cruise ships and the Oleander container ship will arrive, and on Monday the Grandeur of the Seas cruise ship is scheduled to arrive. On Tuesday the Somers Isles... Read more of this article
White Mountains Tender Preliminary Results
White Mountains Insurance Group announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to 500,000 shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 14, 2017. Based on a preliminary count by the depositary for the tender offer, 719,971 shares were... Read more of this article
Bermuda Stock Exchange Report: Sept 15 2017
September 15 saw 2,900 shares trade on the Bermuda Stock Exchange, valued at $98,600.00 BD. 2,900 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.3% at $34.00 per share. The BSX finished at 2,043.22, up 1.68% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF],... Read more of this article
VSB To Cease Radio Broadcasting On Sunday
The DeFontes Broadcasting Company has announced that they will cease their radio broadcasting at 5.00pm on Sunday, September 17th. The company announced the impending closure over the air today, saying, “Sadly, despite the support of listeners and advertisers, and the offering of the island’s best radio news programming, it has not been... Read more of this article
