Hashtag: #BermudaBusiness
Argus: No Share Repurchases In April 2024
In a filing with the Bermuda Stock Exchange, Argus Group Holdings Limited announces that pursuant to Regulation 6.44 of the BSX Listing Regulations that the Company made no repurchases for the month ended 30 April 2024. Related Stories Argus: No Share Repurchases In February 2024 Argus: No Share Repurchases In January 2024 Argus: No Share Repurchases... Read more of this article
Bermuda Stock Exchange Report: May 6 2024
May 6 saw 2,949 shares trade on the Bermuda Stock Exchange, valued at $46,672.70 BD. 1,049 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.0% at $34.00 per share, while another 1,900 shares were traded by Argus Group Holdings Ltd, closing even at $6.30 per share. The BSX finished at 2,479.31, up 2.21% on the day. There was 1 advance,... Read more of this article
Aircare Announces Sale On Smoke Detectors
Aircare has announced that the Company is having a sale on Resideo Technologies BRK smoke detectors. A spokesperson said, “The smoke detectors are on sale for 75% off and are now only $20. Customers can purchase them from the Aircare stores department at 25 Serpentine Road and are available while supplies last. “The hard-wired BRK smoke... Read more of this article
ABIR Chair Pina Albo To Join NAIC Panel
Pina Albo, Chair of the Association of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance Group, Ltd. will be a CEO panelist at the National Association of Insurance Commissioners 2024 International Insurance Forum. A spokesperson said, “The event takes place on May 16-17, 2024 at the Hyatt Regency Washington in Washington, D.C. “The... Read more of this article
Insurer To Pay $350M For Baltimore Bridge
Insurer Chubb will be paying $350 million in relation to the Baltimore bridge collapse, according to a report in Reuters. The story said, “Chubb, opens new tab, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing... Read more of this article
Minister Congratulates Grotto Bay On Progress
“Grotto Bay Beach Resort & Spa is one of Bermuda’s landmark tourism properties that has proven to be an integral part of the island’s overall hotel inventory,” said the Minister of Tourism, Culture, and Sport, Owen Darrell following a recent visit to the hotel. “Grotto Bay is currently undergoing significant renovations, and I was pleased... Read more of this article
Photos & Video: Mothers Day Market At St Paul’s
A special Mother’s Day Market was held at St. Paul’s Church Hall in Paget on May 4th. Vendors scheduled to be at the event included Jenny Arnold Photography, Sweet Scented Moments, Made with Love, L’mage, Baskets for you, Ronnies Sweet Treats, Deelightful Designs, YRS Accessories, Tea Bar, Natural Essence, Island Paper Girl, Sense Bermuda,... Read more of this article
AXA XL Appoints Matthew O’Malley In New Role
AXA XL has appointed Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas, reporting to Lucy Pilko, the region’s Chief Executive Officer and Manuel Meier, AXA XL’s Chief Client Officer. Commenting on the appointment, Ms. Pilko said, “Our growth plans revolve around helping... Read more of this article
Assured Declares Quarterly Dividend Of $0.31
Assured Guaranty has announced a quarterly dividend of $0.31 per common share, payable on May 29, 2024, to shareholders of record as of May 15, 2024. A spokesperson said, “Assured Guaranty Ltd. [NYSE:AGO] today declared a quarterly dividend of $0.31 per common share. The dividend is payable on May 29, 2024 to shareholders of record at the close... Read more of this article
Flea Market Extravaganza To Be Held On May 11
A flea market extravaganza will be held on May 11th at St John’s Church Hall. A spokesperson said, “In an eagerly awaited announcement, organizer Grace Markham has revealed plans for the second-ever flea market extravaganza at St John’s Church, scheduled to take place on May 11th, from 9am-3pm. Anticipation is running high for this... Read more of this article
Shipping Schedule: Week Starting May 4
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 4th. On Sunday the Norwegian Gem cruise ship and the Oleander contain ship are expected, on Monday the Liberty of the Seas cruise ship will arrive, and on Tuesday the Somers Isles container ship is scheduled to arrive. On... Read more of this article
Gencom Affiliates Refinance Rosewood
Gencom affiliates successfully refinanced Rosewood Bermuda, with the company stating that “the successful refinancing of the Rosewood Bermuda reaffirms Gencom’s long-term commitment to the country’s economic growth.” A spokesperson said, “Affiliates of Gencom, an international owner, developer and manager of hospitality and residential... Read more of this article
Enstar Group Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share]... Read more of this article
Bermuda Stock Exchange Report: May 3 2024
May 3 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,425.67, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda... Read more of this article
BermudAir Issues $1 Million Bond On Obligate
BermudAir announced it has “completed a $1 million USD tokenised bond issuance, executed via Obligate, the leading on-chain capital markets platform, in partnership with global digital assets and cryptofinance firm XBTO Group [XBTO].” A spokesperson said, “This innovative tokenised transaction is issued on the public blockchain Polygon,... Read more of this article
Enstar Releases Q1 2024 Financial Results
Enstar Group Limited released its first quarter 2024 financial results. A spokesperson said, “First Quarter 2024 Highlights: Net income attributable to Enstar ordinary shareholders of $119 million, or $8.02 per diluted ordinary share, compared to $424 million, or $24.79 per diluted ordinary share, for the three months ended March 31, 2023. Return... Read more of this article
