Hashtag: #BermudaBusiness
Jordan Knight Joins MJM Limited Law Firm
MJM Limited law firm announced that Jordan Knight has joined the practice as an Associate in the Dispute Resolution Group. Mr Knight practices in the area of civil and commercial litigation and advises on a range of matters including employment matters, customs & immigration, property disputes, personal injury, debt collection and mortgage enforcement. He... Read more of this article
Bermuda Stock Exchange Report: Sept 27 2016
September 27 saw 142,857 shares trade on the Bermuda Stock Exchange, valued at $710,471.00 BD. 135,500 shares were traded by Argus Group Holdings Ltd, closing even at $4.05 per share, while another 6,057 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $23.75 per share. 1,300 shares were traded by Somers Limited, closing at an... Read more of this article
RUBiS Energy Launches “Fuelling 4 A Cause”
RUBiS Energy Bermuda Ltd has launched its first ever “Fuelling 4 a Cause” competition and promotion as part of the company’s 10th anniversary celebrations. Graham Redford, Managing Director of RUBiS, said, “September 30th marks RUBiS’ 10th Anniversary of operations in Bermuda. To help celebrate this milestone, we decided to expand our normal... Read more of this article
Taylors Firm “Exceeds Expectations” In Bermuda
As law firm Taylors approaches its first anniversary, Bermudian Managing Partner Kevin Taylor is “delighted” with how quickly the firm has made its mark and says that the firm has “plenty more in store.” Mr. Taylor said, “I am delighted that we have already exceeded our expectations in terms of growth, number of mandates and,... Read more of this article
Evan Greenberg Resigns From Coca-Cola Board
The Coca-Cola Company said that Evan G. Greenberg, 61, has informed the Company that he will resign from the Company’s Board of Directors, effective Oct. 1, 2016. The company said that Mr Greenberg said his “decision was based on increased demands on his time resulting from an acquisition by his company earlier this year to create Chubb Limited,... Read more of this article
Fitch Rates Arch’s $450M Preferred Shares
Fitch Ratings has assigned a rating of ‘BBB+’/Rating Watch Negative to Arch Capital Group Ltd.’s [ACGL] $450 million issuance of 5.25% series E non-cumulative perpetual preferred shares. The ratings agency said, “This new issue is rated equivalent to ACGL’s existing series C non-cumulative preferred shares. The net proceeds... Read more of this article
Tokio Millennium Re Support ‘Dive In Festival’
Tokio Millennium Re – one of the Island’s well established reinsurance companies with nearly 200 employees globally from over 30 countries — said they promote diversity in the workplace and support the upcoming Dive In Festival. The 2nd Dive In Festival will take place from September 27 to September 29 with Bermuda now one of 16 locations... Read more of this article
Bermuda Stock Exchange Report: Sept 26 2016
September 26 saw 38,678 shares trade on the Bermuda Stock Exchange, valued at $666,733.00 BD. 24,678 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $23.50 per share, while another 14,000 shares were traded by Ascendant Group Limited, closing up 3.3% at $6.20 per share. The BSX finished at 1,543.23, up 0.13% on the day. There was... Read more of this article
Bank Of Butterfield’s Outlook Is Revised To Stable
Moody’s affirmed the ratings of Bank of Butterfield and changed the outlook to stable from negative, saying that the outlook change was “driven by Butterfield’s stronger capitalization following its new common share offering” and that “Bermuda’s recovering economy also supports a stable outlook.” In affirming... Read more of this article
A.M. Best Revises Citadel Outlook To Negative
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating [FSR] of A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” of Bermuda-based Citadel Reinsurance Company Limited. A statement from the ratings agency said, “In addition, A.M. Best has revised the outlooks to negative... Read more of this article
Marine Locker Win International Dealer Award
Marine Locker has been awarded the 2016 International Dealer of the Year for Scout Boats at a reception in South Carolina, with the company crediting “genuine Bermudian hard work and sacrifice” credited for the achievement. Sales Manager Lyle Douglas said, “This is a tremendous honour for our company. The award is based not only on... Read more of this article
Bermuda Stock Exchange Report: Sept 23 2016
September 23 saw 43,586 shares trade on the Bermuda Stock Exchange, valued at $1,024,271.00 BD. 43,586 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.1% at $23.50 per share. The BSX finished at 1,541.30, down 1.44% on the day. There were 0 advances, 1 decline, and 63 remained unchanged. The full report for the day is available here... Read more of this article
