Hashtag: #BermudaBusiness
Aspen Dividends: Ordinary, Preference Shares
Aspen Insurance Holdings Limited declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on August 29, 2017 to the holders of record as of the close of business on August 14, 2017. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative... Read more of this article
Bermuda Stock Exchange Report: July 26 2017
July 26 saw 11,258 shares trade on the Bermuda Stock Exchange, valued at $211,384.80 BD. 9,058 shares were traded by BF&M Ltd, closing even at $20.60 per share, while another 2,000 shares were traded by Ascendant Group Limited, closing up 1.1% at $8.99 per share. 200 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $34.25... Read more of this article
Bacardi Names New Europe Regional President
Bermuda-headquartered Bacardi Limited, the largest privately held spirits company in the world, announced that Francis Debeuckelaere, a 23-year veteran of the company, has been named Regional President of Europe with immediate effect. “There is no one better qualified than Francis to take on this important regional role for the company,” says Michael... Read more of this article
ABIC Group Meets With Premier Burt & Minister
The Association of Bermuda International Companies [ABIC] has “pledged its commitment to working with the new government to protect Bermuda’s reputation as a highly-regarded, well-regulated leading international business jurisdiction.” ABIC Chairman Patrick Tannock, along with other ABIC representatives, today met with Premier David Burt... Read more of this article
Conyers & Students Help In Conservation Project
Conyers Dill & Pearman teamed up with the Bermuda Zoological Society [BZS] for the first of two Volunteer Days. Conyers’ summer law programme students and mentors were involved in a restoration effort as part of the Trunk Island Conservation Project, which is a seven-acre island in Harrington Sound that serves as the BZS’s “Living Classroom”. Conservation... Read more of this article
New Tennis Management At Southampton Resort
One of the island’s most successful tennis players, Gavin Manders, and Davis Cup team member Jovan Whitter, have partnered to take over the tennis concession at Fairmont Southampton, with the newly formed Manders Tennis Management [MTM] company. A spokesperson said, “Made up of three Bermudian tennis professionals, the new team at Fairmont Southampton... Read more of this article
RenaissanceRe Report Net Income Of $171.1M
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $171.1 million, or $4.24 per diluted common share, in the second quarter of 2017, compared to $136.3 million, or $3.22 per diluted common share, in the second quarter of 2016. Operating income available to RenaissanceRe common... Read more of this article
Estera Announces Acquisition Of Headstart
Leading global fiduciary and administration services provider, Estera, has announced the acquisition of Headstart S.à.r.l, a specialist corporate and trust services business in Luxembourg. The transaction paves the way for Estera’s expansion into Luxembourg, one of world’s most important jurisdictions for funds and corporate services, whilst also... Read more of this article
Everest Re Group 2017 Second Quarter Results
Bermuda-based Everest Re Group, Ltd. reported second quarter 2017 net income of $245.7 million, or $5.95 per diluted common share, compared to net income of $155.7 million, or $3.67 per diluted common share, for the second quarter of 2016. After-tax operating income, excluding realized capital gains and losses, was $227.5 million, or $5.51 per diluted... Read more of this article
Bermuda Stock Exchange Report: July 25 2017
July 25 saw 32,741 shares trade on the Bermuda Stock Exchange, valued at $306,217.35 BD. 14,041 shares were traded by Ascendant Group Limited, closing even at $8.89 per share, while another 12,400 shares were traded by Bermuda Aviation Services Ltd, closing up 10.0% at $2.20 per share. 3,750 shares were traded by BF&M Ltd, closing at an even $20.60... Read more of this article
Butterfield Bank Reports Second Quarter Profit
The Bank of N.T. Butterfield & Son Limited today announced net income for the second quarter ended 30 June 2017, as well as changes in the composition of its Board of Directors. The Bank’s second quarter net income was $36.1 million, an increase of $0.2 million compared to $35.9 million earned in the first quarter of 2017. Core earnings for... Read more of this article
Kid2Kid Consignment Set To Hold 30% Off Sale
Kid2Kid Consignment is getting set to hold a 30 percent off sale at Warwick Workmens on Saturday [July 29] from 9.00am to 5.00pm, with the event to include a number of activities. A spokesperson said, “Kid2Kid is having another sale this Saturday from 9 – 5. It will be fun castle and baked goods as well. This time it is 30% off items in the... Read more of this article
