Hashtag: #BermudaBusiness
‘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
Bermuda Form & Excess Layer Seminar
XL Catlin and international law firm Norton Rose Fulbright will be hosting a seminar to discuss significant aspects of the Bermuda Form and Excess Layer insurance coverage. Gavin Kealey Q.C. and Mina Matin, Senior Council at Norton Rose Fulbright, will lead the presentation at XL Catlin’s offices on 20 September, 2017. The seminar will include a discussion... Read more of this article
Bermuda Stock Exchange Report: Sept 14 2017
September 14 saw 100 shares trade on the Bermuda Stock Exchange, valued at $3,325.00 BD. 100 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.8% at $33.25 per share. The BSX finished at 2,009.49, up 0.56% 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
Digicel Announces Departure: CEO Robin Seale
Digicel Bermuda today [Sept 14] announced that Robin Seale will be leaving his position as CEO to return to Ireland, with the company saying that an “announcement on his replacement will be made shortly. “Mr Seale, who was promoted from CFO to CEO spent nearly six years in Bermuda and leaves behind a legacy of growth and investment,”... Read more of this article
Everest Re Appoints Zaffino As Executive VP
Bermuda-based Everest Re Group, Ltd. announced that Jonathan M. Zaffino, President of the North America Insurance Division and Senior Vice President of Everest Re Group, Ltd., has been appointed Executive Vice President of Everest Re Group, Ltd. Mr. Zaffino joined Everest in 2015 as President of Everest National Insurance Company / U.S. Insurance Operations,... Read more of this article
Bermuda Stock Exchange Report: Sept 13 2017
September 13 saw 16,432 shares trade on the Bermuda Stock Exchange, valued at $276,344.28 BD. 9,000 shares were traded by Ascendant Group Limited, closing down 7.0% at $8.60 per share, while another 3,732 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.1% at $33.00 per share. 3,700 shares were traded by BF&M Ltd, closing down... Read more of this article
Captive Conference Highlights Bermuda’s Role
The Bermuda insurance market’s leading role in global risk innovation, including helping communities rebuild after disasters, was highlighted at this week’s successful 13th annual Bermuda Captive Conference. The conference attracted more than 750 registrants, totalling almost 800 room nights at Fairmont Southampton, the venue for the three-day event.... Read more of this article
Global InsurTech Investments Increased In Q2
Global investment in InsurTech in the second quarter of 2017 surpassed that in the previous three quarters combined, according to a new report from PwC. “Investment in InsurTech by global insurers, reinsurers and Venture Capital firms surged by 247% to $985million, compared to Q2 2016 [$398million]. The first three months of 2017 saw $283million... Read more of this article
