Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Sept 16 2016
September 16 saw 174,556 shares trade on the Bermuda Stock Exchange, valued at $4,199,284.50 BD. 172,756 shares were traded by Bank of N.T. Butterfield Ltd, closing up 25.6% at $24.25 per share, while another 1,800 shares were traded by BF&M Ltd, closing even at $17.99 per share. The BSX finished at 1,574.57, up 16.47% on the day. There was 1 advance,... Read more of this article
Photos & Video: Butterfield IPO Listing At NYSE
[Updated] Bank of Butterfield executives and Premier Michael Dunkley are in New York today [Sept 16] to participate in Butterfield’s IPO listing launch on the New York Stock Exchange [NYSE], which will also feature a performance by the Gombeys, Bermuda branding and NYSE traders clad in Bermuda shorts. Butterfield Bank IPO The Bank of Butterfield... Read more of this article
Piped Water Sales Drop Due To Increased Rain
In a filing with the Bermuda Stock Exchange [BSX], Watlington Waterworks Ltd provided their report to shareholders for the six months ended June 30, 2016, saying their results were ”disappointing,” as Bermuda received 34% above average rain which led to piped water sales being down by nearly $250,000. The full filing stated: ”The... Read more of this article
A.M. Best Affirms Credit Ratings Of Rembrandt
A.M. Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” of Bermuda-based Rembrandt Insurance Company, and the outlook is stable. A statement from the ratings agency said, “Rembrandt is a captive [re]insurer of Vitol Holding B.V. [Vitol], a holding company of a group engaged principally... Read more of this article
Bermuda Stock Exchange Report: Sept 15 2016
September 15 saw 26,400 shares trade on the Bermuda Stock Exchange, valued at $192,450.00 BD. 20,400 shares were traded by Ascendant Group Limited, closing even at $6.00 per share, while another 3,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $19.30 per share. 3,000 shares were traded by Argus Group Holdings Ltd, closing up... Read more of this article
Bank Of Butterfield Announces Pricing Of IPO
In a filing with the Bermuda Stock Exchange [BSX], the Bank of Butterfield announced the pricing of its US initial public offering [IPO] of 10,638,298 of its voting ordinary shares at a price to the public of $23.50 per share, and said it expects trading to commence on the NYSE tomorrow. The filing said, “Butterfield is selling 5,957,447 Common... Read more of this article
Bermuda Reinsurers Discuss Blockchain At BDA
Representatives from the Bermuda Monetary Authority [BMA] and ten major reinsurance companies took part in a recent brainstorming session led by global blockchain technology consortium R3. The workshop, held at Bermuda Business Development Agency [BDA] offices last week, brought together technology, underwriting and regulatory experts to explore ways... Read more of this article
Beach Games: Companies Compete For Charity
The Centre on Philanthropy hosted its eighth annual ‘Give Back Games’ beach-style Olympics at Horseshoe Bay on Tuesday, with eleven companies competing to raise money for 11 of their chosen local charities. It was a fun-filled day of team building for the companies who competed in games such as Flipper and Shark Relays, Blindfolded Water Relay,... Read more of this article
Hamilton Princess To Host Spa Weekend Retreat
Hamilton Princess & Beach Club will host the exhale Bermuda Weekend Retreat from September 22 to September 25, with the retreat offering “a full itinerary of wellness experiences and a chance to learn from exhale’s wellbeing experts.” A spokesperson said, “The weekend retreat begins Thursday evening with a power yoga class, followed... Read more of this article
Air Care Ltd To Move Offices This Weekend
Air Care Ltd is advising its customers that it will be moving offices this weekend, September 17 and September 18, with the business reopening at its new location at 25 Serpentine Road on Monday, September 19. A spokesperson said, “This final phase will include the physical transfer of Air Care’s IT and telephony systems, which means company... Read more of this article
Video: A.M. Best TV Interviews Brian Duperreault
Hamilton Insurance Group Chairman and CEO Brian Duperreault spoke with A.M. Best TV on location at the Les Rendez-Vous de Septembre reinsurance conference in Monte Carlo, Monaco. Mr Duperreault said that Hamilton, AIG and Two Sigma Investments are in the early stages of creating a new platform for selling insurance to the small- and medium-size enterprise... Read more of this article
Stevedoring Moved 34,901 Containers In Year
Nearly 35,000 containers were moved by Stevedoring Services on the Hamilton docks during the fiscal 2016 year, with containers weighing up to 60 tonnes each. This was contained in the financial results recently released by Polaris Holding, the parent company of Stevedoring Services, which reported a 12-month profit of $1.38 million or $1.13 per share. Their... Read more of this article
