Hashtag: #BermudaBusiness
Webcasts Promote Captive Insurance In Bermuda
The benefit of Bermuda captive insurance companies for major corporations of all industries is the focus of a new series of webcasts produced by Bermuda Business Development Agency [BDA]. Seven videos are being released over the next four weeks explaining what captives are and how they can be used as highly-effective self-insurance vehicles to cut costs... Read more of this article
14 Employees Complete Cylinder Programme
Today Bermuda Gas & Utility Company Limited announced the recent certification of fourteen Bermuda Gas and RUBiS employees, with each of them successfully passed a Composite Cylinder Retesting Training Programme. An overseas LPG composite cylinder expert, Jonas Berglund, was brought in by Bermuda Gas to train and certify the Bermudian team in the... Read more of this article
BTC Launch ‘Money Back’ Internet Promise
BTC is offering a new “Always On” service promise for residential customers using its Complete Home Internet services, in which the company promises to reimburse a full month service fee if a customer loses internet service for a day due to a BTC issue. BTC CEO Robin Seale says, “We have invested significantly in the BTC network over the last... Read more of this article
Essent Group Report Q3 Net Income Of $59.7M
Bermuda-based Essent Group reported net income for the quarter ended September 30, 2016 of $59.7 million or $0.65 per diluted share, compared to $40.8 million or $0.44 per diluted share for the quarter ended September 30, 2015. As of September 30, 2016, Essent had insurance in force of $77.6 billion and consolidated stockholders’ equity of $1.3 billion. “We... Read more of this article
Endurance Reports Q3 2016 Financial Results
Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $130.1 million and $1.92 per diluted common share for the third quarter of 2016 versus net income of $43.6 million and $0.73 per diluted common share for the third quarter of 2015. For the nine months ended September 30, 2016, Endurance reported net... Read more of this article
Photos & Video: Intense Mas ‘Mythica’ Launch
[Updated with video] Intense Mas unveiled their 2017 Bermuda Heroes Weekend [BHW] costume theme ‘Mythica’ this afternoon [Nov 6] at the Victoria Grill & RumbaR Lounge. The part fashion show, part soca party saw guest DJs from overseas join Intense band leader and Best of Bermuda DJ, Rusty G, and a line-up of models who were joined by... Read more of this article
Gorham’s Set To Host 80th Birthday Bash
Gorham’s is getting set to celebrate its 80th birthday with an event on Wednesday, November 9 from 6.30pm to 8.30pm, while also collecting donations for the Bermuda Legion. A spokesperson said, “We’re not only celebrating Gorham’s birthday, but we’re also collecting donations for the Bermuda Legion who need your help. For admission to... Read more of this article
Third Point Re 2016 Q3 Income: $72.1 Million
Bermuda-based Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2016. Third Point Re reported net income of $72.1 million, or $0.68 per diluted common share, for the third quarter of 2016, compared to a net loss of $195.7 million, or $[1.88] per diluted common share, for the third quarter of 2015. For the nine... Read more of this article
Talbot Launches Consortium For NBCR Terrorism
Talbot Underwriting Ltd., a wholly owned subsidiary of Bermuda-based Validus Holdings, Ltd., announced the successful launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological [NBCR] terrorism. “In response to market demands for this unique and challenging coverage, the facility will allow brokers to fully bind through... Read more of this article
Photos: Handmade Christmas Holiday Craft Sale
Ronnie Chameau and Donna Pink held their Handmade Christmas Craft Sale today [Nov 5] at Botanical Gardens. The inclement weather did not stop shoppers from preparing for the upcoming holiday season by heading to Botanical Gardens to stock up on handmade crafts designed for the period. Items included wreaths, hand painted wooden decorations, air plants... Read more of this article
Appleby Advise ChipMOS Bermuda On Merger
Law firm Appleby acted as Bermuda counsel to ChipMOS Technologies [Bermuda] Ltd, a Bermuda company with shares listed on the Nasdaq, in relation to its US$540 million merger with its 58.3% owned subsidiary ChipMOS Technologies Taiwan, with ChipMOS Taiwan being the surviving company, effective on 31 October 2016. The merger is consistent with the ongoing... Read more of this article
Bermuda Stock Exchange Report: Nov 4 2016
November 4 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $22,200.00 BD. 1,600 shares were traded by Argus Group Holdings Ltd, closing even at $4.50 per share, while another 600 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $25.00 per share. The BSX finished at 1,638.43, even on the day. There were 0 advances,... Read more of this article
