Hashtag: #BermudaBusiness
Networking Event For Female Entrepreneurs
A group forum for female entrepreneurs is set to be held by Stephanie Lee of SociaLEE Consulting, with the first event to be held on September 22 at 5.30pm at Muse Skybar and Restaurant, with subsequent events on October 20, November 16, and December 15. Regarding the idea for the forum, Ms. Lee said, “It was after a session on Women in Entrepreneurship... Read more of this article
Sheppard Appointed BHCT Development Director
The Bermuda Hospitals Charitable Trust [BHCT] has named Lisa Sheppard as its new Development Director, with Ms. Sheppard saying that she is “excited by this opportunity.” A spokesperson said, “Bermudian Lisa Sheppard moved back home after 20 years away to give back to her community. The BHCT recently appointed Lisa to Development Director... Read more of this article
Appleby & Estera Advise On USD200m Listing
Law firm Appleby and offshore management and administration services firm Estera have advised on the USD200m public offering and listing on the Bermuda Stock Exchange [BSX] by BVI based Waterloo Investment Holdings Limited, a company with hospitality, banking and investment interests in the Caribbean and Central America. The legal team was led by Appleby... Read more of this article
Bermuda Stock Exchange Report: Sept 19 2016
September 19 saw 146,146 shares trade on the Bermuda Stock Exchange, valued at $3,094,138.00 BD. 125,546 shares were traded by Bank of N.T. Butterfield Ltd, closing down 3.1% at $23.50 per share, while another 8,000 shares were traded by KeyTech. Ltd, closing even at $3.00 per share. 7,000 shares were traded by Argus Group Holdings Ltd, closing at an... Read more of this article
BMA Host 3rd Meeting Of Financial Policy Council
The Bermuda Monetary Authority hosted the third meeting of the Financial Policy Council at its offices in Hamilton this month. The Council, established in 2015, advises the Ministry of Finance and the Authority on financial system stability in Bermuda. Its purpose is to assess possible threats to Bermuda’s financial stability, and to identify policies... Read more of this article
Cheryl-Ann Mapp To Resign From Ascendant
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited announced that General Counsel & Corporate Secretary Cheryl-Ann Mapp has tendered her resignation, effective 7 October, 2016. Announcing the resignation, retiring President & Chief Executive Officer Walter Higgins, said, “Since taking up her post in September 2012,... Read more of this article
Somers Acquisition Of Australian Company
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced the proposed acquisition of majority stake in RESIMAC Limited. The filing stated, “Somers Limited, a financial services investment holding company, is pleased to announce that it has agreed to acquire the majority stake in RESIMAC Limited [approximately 79.0%], a leading... Read more of this article
Insurers Launch Terrorism Crisis Product
In response to terror threats, insurance broker Lockton in conjunction with insurers Hiscox, Beazley, Talbot and XL Catlin, have launched a new product – Terrorism Crisis Solutions [TCS]. Designed to offer corporate clients a combined terrorism cover that encompasses a wide range of threats, the new policy brings together underwriting talent from... Read more of this article
Video: BSX CEO On Brexit, Solvency II & More
Bermuda Stock Exchange President and CEO Greg Wojciechowski recently spoke with A.M. Best TV on location at the Les Rendez-Vous de Septembre reinsurance conference held in Monte Carlo, Monaco. Mr Wojciechowski addressed a number of topics, including Bermuda’s Solvency II equivalency status, the possible impact of Brexit, Bermuda’s strategic... Read more of this article
Video: A.M. Best TV Interviews Albert Benchimol
Axis Capital President and CEO Albert Benchimol spoke with A.M. Best TV on location at the Les Rendez-Vous de Septembre reinsurance conference in Monte Carlo, Monaco. Mr Benchimol said three key issues driving today’s risk market are: increased use of data and analytics; the ramping up of investment in financial technology startups; and finding... Read more of this article
Video: AM Best TV Interviews Kathleen Reardon
Hamilton Insurance Group CEO Kathleen Reardon spoke with A.M. Best TV on location at the Les Rendez-Vous de Septembre reinsurance conference being held in Monte Carlo, Monaco. Ms Reardon said her organization is built around delivering reinsurance and services through new uses of technology and related capabilities. Related Stories AM Best Affirms... Read more of this article
AIG To Maintain ‘Strategic Partnership’ With Ascot
American International Group, Inc. [AIG] has entered into an agreement to sell its interest in Ascot Underwriting Holdings Ltd. [AUHL] and related syndicate-funding subsidiary Ascot Corporate Name Ltd. [ACNL] [together Ascot] to Canada Pension Plan Investment Board [CPPIB]. The transaction is subject to regulatory approvals. Total consideration for... Read more of this article
