Hashtag: #BermudaBusiness
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
FMG Intends To Open Hurricane Claims Centre
[Updated] Freisenbruch-Meyer Group will open a dedicated Claims Centre over the weekend, and said they “intend to have dedicated staff managing our reception hall and call center assisting clients with any claims they may have.” The company said, “Weather forecasts show that Tropical Storm Karl continues toward Bermuda and it is expected... Read more of this article
Hamilton Princess Hotel Prepared For TS Karl
Hamilton Princess & Beach Club advised that hurricane preparations are underway in advance of the anticipated arrival of Tropical Storm Karl. “To ensure the safety and security of its guests and colleagues, the hotel team is following a comprehensive hurricane preparedness plan and the property is well equipped to handle the storm,”... Read more of this article
Clarien Will Close At 3:30pm Today Due To Karl
Clarien Bank Limited will close at 3:30pm today [Sept 23] due to the impending approach of Tropical Storm Karl. “Offices will also be closed tomorrow, September 24. Customers may access the ATM area of the 19 Reid branch by swiping any Clarien or non-Clarien debit or credit card,” the company said. “However, significant caution should... Read more of this article
BPS Warn Of Business Email Compromise Scam
Saying that Bermuda has “already seen a number of local businesses having encountered the ‘Business Email Compromise’ scam, some of whom have experienced substantial financial loss,” the police have warned businesses of a scam which targets employees who perform regular wire transfers. A police spokesperson said, “The Bermuda Police... Read more of this article
BSX Announce Extension Of Daily Trading Hours
The Bermuda Stock Exchange announced the extension of daily trading hours effective Wednesday, 28 September 2016. The BSX Price discovery pre-market session will take place as usual from 8:30 am with continuous trading from 9:00 am to 4:30 pm. In making the announcement, Greg Wojciechowski, President & CEO said “I am delighted to announce the... Read more of this article
AXIS Capital Declares $0.35 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.35 per common share. The common dividend will be payable on October 17, 2016 to the shareholders of record at the close of business on October 3, 2016. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375... Read more of this article
Chubb Select Internship Accepting Applicants
Chubb is now accepting applications for its Chubb Select Internship scheduled for June-August 2017. The application deadline has been moved up to October 14, 2016 from November with interviews being conducted the following week. Chubb Select is a dedicated insurance internship aimed at Bermudian university students who are considering a career in Bermuda’s... Read more of this article
Bermuda Stock Exchange Report: Sept 22 2016
September 22 saw 55,963 shares trade on the Bermuda Stock Exchange, valued at $612,193.60 BD. 36,315 shares were traded by Argus Group Holdings Ltd, closing even at $4.05 per share, while another 19,448 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $24.00 per share. 200 shares were traded by Ascendant Group Limited, closing... Read more of this article
