Hashtag: #BermudaBusiness
Argo Group To Acquire Ariel Re For $235M
Bermuda-based Argo Group International Holdings has entered into an agreement to acquire Ariel Re, a global underwriter of insurance and reinsurance business for approximately $235 million cash. The acquisition, which is expected to be complete during the first quarter of 2017, is subject to relevant regulatory approvals. “Ariel Re is a terrific... Read more of this article
Column: Viable Option For Economic Growth
[Opinion column written by BPSU President Jason Hayward] In October 2016, a delegation from the Bermuda Trade Union Congress [BTUC] attended the Quebec 2016 International Summit of Cooperatives. The event attracted more than 2,500 participants from 93 countries, bringing together managers, decision-makers and leaders of cooperatives and mutual enterprises... Read more of this article
AM Best Downgrades Evergreen Credit Ratings
Rating company A.M. Best has downgraded the Financial Strength Rating to A- [Excellent] from A [Excellent] and the Long-Term Issuer Credit Rating to “a-” from “a” of Evergreen Insurance Company Limited [EICL] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The rating downgrades... Read more of this article
AM Best Affirms Ratings Of Aspen Insurance
A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Aspen Insurance UK Limited [AIUK] [United Kingdom], Aspen Bermuda Limited [ABL] [Bermuda], Aspen American Insurance Company [AAIC] [Dallas, TX] and Aspen Specialty Insurance Company [ASIC] [Bismarck, ND].... Read more of this article
ISACA Annual Conference Set For November 17
The ISACA Bermuda Chapter will host its annual conference on Thursday, November 17 at the Royal Hamilton Amateur Dinghy Club, with a theme of Privacy & Data Protection, kicking off at 8.30am with registration and a welcome breakfast and followed by an AGM and TechTalk. The program will see 7.5 CPE credits available for attendees at a cost of $270... Read more of this article
Titan Express Offers Minibuses With Free WiFi
Bermuda minibus group tour and transportation company Titan Express Ltd offers locals and visitors alike the ability to explore the island with a number of amenities to be found aboard, including free WiFi and audio and video capability. The company offers five buses, with four seating 24 people and one seating 20 people. A spokesperson said, “Titan... Read more of this article
Artist Creates Bermuda-Themed Ornaments
Freelance artist Kathleen Emmerson recently designed and created hand painted ornaments for Walt Disney World, with each of the ornaments translating the artist’s “love of Bermuda and ways to celebrate this lovely island.” The artist’s experience includes designing sets and creating themed events to hand painting award game balls... Read more of this article
BF&M Share Repurchases For October 2016
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase programme, during the month of October 2016 the company repurchased 58 common shares at an average price of $18.05. The Company advised the repurchased shares were reserved for issuance. Related Stories Veronica Swan DeGraff Earns BF&M... Read more of this article
Jet Fuel Supplier Commences Work At Airport
SOL Petroleum Bermuda Ltd has commenced airfield construction work at the L.F. Wade International Airport. “The work involves the replacement and rerouting of a section of the jet fuel supply pipeline that connects the SOL facility at Ferry Reach with the storage supply tanks at the Airport,” a spokesperson said. “The company noted... Read more of this article
Conyers Achieves Tier 1 Status With Legal 500
Conyers Dill & Pearman has achieved Tier 1 status in The Legal 500 2017 Caribbean directory for Bermuda, across Corporate & Commercial, Dispute Resolution, Insurance and Private Client & Trust – a position it has held for a number of years in these practice areas. A spokesperson said, “In this year’s edition, the firm also experienced... Read more of this article
Bermuda Stock Exchange Report: Nov 10 2016
November 10 saw 88,800 shares trade on the Bermuda Stock Exchange, valued at $681,572.00 BD. 79,700 shares were traded by Ascendant Group Limited, closing up 7.4% at $6.98 per share, while another 4,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.60 per share. 4,000 shares were traded by BF&M Ltd, closing at an even $19.90... Read more of this article
Butterfield To Effect Mandatory Redemption
The Bank of N.T. Butterfield & Son Limited today [Nov 10] announced that it will effect a mandatory redemption of its 8.00% Non-Cumulative Perpetual Limited Voting Preference Shares par value $0.01 per share on December 15, 2016. A spokesperson said, “The Board of Directors determined that it is an appropriate time to redeem the Preference... Read more of this article
