Hashtag: #BermudaBusiness
AlphaCat Appoints Bernard Van der Stichele
AlphaCat Managers Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. announced the appointment of Bernard Van der Stichele to the position of Portfolio Manager for AlphaCat. In this new role, Bernard will report to Lixin Zeng, Chief Executive Officer of AlphaCat. Bernard Van der Stichele brings over 15 year of institutional investment management... Read more of this article
Argo Group Declares $0.27 Quarterly Dividend
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has declared a quarterly cash dividend of $0.27 per share on the company’s common stock. The dividend will be paid on June 26, 2017, to shareholders of record on June 12, 2017. Related Stories Argo Shareholders... Read more of this article
Bermuda Stock Exchange Report: June 1 2017
June 1 saw 1,069 shares trade on the Bermuda Stock Exchange, valued at $34,128.00 BD. 1,069 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.2% at $32.00 per share. The BSX finished at 1,966.07, up 2.34% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
RUBiS Warwick Gas Hosts 5k Family Fun Run
RUBiS Warwick Gas Station is hosted the third annual RUBiS Warwick 5k Family Fun Run on April 23, with more than 450 men, women, and children walking and running the five kilometre route in support of Autism Awareness. A spokesperson said, “Generous support was provided on the day by BGA Wholesalers, Pitt & Co, Barritt’s, Apex Physiotherapy,... Read more of this article
FibreWire Network With Free Speed Boost
One Communications today [June 1] announced the first phase of availability for FibreWire Internet. “Over a thousand customers connected with both the company’s access and internet services have already received an automatic speed boost – free of charge and without the need for a service call,” the company said. “FibreWire is Bermuda’s... Read more of this article
Cyber Risk, Regulation & Political Interference
The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the industry. The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and industry observers in... Read more of this article
Three Graces Day Spa Opens At The Loren
Three Graces Day Spa, which is currently managing the spas at The Newstead Belmont Hills Resort and the Pompano Beach Club, has just announced that they are the concessionaires of the new spa at The Loren Hotel, named the Spa at The Loren. A spokesperson said, “Risk more than others think is safe. Dream more than others think is practical. We started... Read more of this article
Xceedance Expands Managed Services Portfolio
Following its recent incorporation in Bermuda, Xceedance announced an expansion of its industry-focused consulting and managed services to support re/insurance organizations domiciled in Bermuda. Xceedance provides expertise and solutions for all major areas of the re/insurance lifecycle including underwriting, actuarial, policy, claims, billing, finance,... Read more of this article
Lunch & Learn On Bermuda Payroll Tax Software
The Certus Group and CloudSuitePro will be hosting a seminar to learn the ‘ins and outs’ of their new online payroll solution on Wednesday, June 13th from 12.30pm to 2.00pm at the Chamber of Commerce. A spokesperson said, “The Certus Group and CloudSuitePro are offering an online solution that provides complete Bermuda payroll including the recent... Read more of this article
Bermuda Stock Exchange Report: May 31 2017
May 31 saw 8,740 shares trade on the Bermuda Stock Exchange, valued at $96,548.00 BD. 6,200 shares were traded by Devonshire Industries Ltd, closing even at $5.50 per share, while another 1,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 4.6% at $31.00 per share. 1,116 shares were traded by BF&M Ltd, closing at an even $20.60... Read more of this article
Harbour Nights Will Take Place Tomorrow
[Updated] There will be no Harbour Nights tonight [May 31], with the event set to take place tomorrow [June 1] instead. The Bermuda Chamber of Commerce said, “Please be advised that there will be no Harbour Nights tonight, it will take place on Thursday, June 1 instead.” Update 4.40pm: A Chamber of Commerce spokesperson said, “Harbour... Read more of this article
Four Companies Hired For Airport Project
Aecon Group Inc. today announced the “engagement of four Bermudian firms, following an RFP and selection process for the construction phase of the Airport Redevelopment Project.” The six contracts awarded are: Architecture – OBMI Landscape Architecture – OBMI Structural Engineering – Brunel Civil Engineering – Brunel Mechanical... Read more of this article
