Hashtag: #BermudaBusiness
August Consumer Price Index: Inflation 2.3%
Consumers paid 2.3% more in August than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ August 2024 Consumer Price Index. “In summary, consumers paid 2.3 per cent more in... Read more of this article
Island Boat Club Announces Membership Special
Island Boat Club members who sign up before December 31, 2024, “will enjoy full access to Island Boat Club’s fleet of nine boats without paying membership dues until April 1, 2025.” A spokesperson said, “Island Boat Club, Bermuda’s premier boat membership programme, is offering an exclusive holiday special to make it easier than... Read more of this article
AM Best Affirms Ratings For Chubb Group
AM Best has affirmed the Financial Strength Rating of A++ [Superior] and the Long-Term Issuer Credit Ratings of “aa+” [Superior] of the grouped subsidiaries of Chubb Limited. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A++ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term... Read more of this article
AM Best Affirms Ratings For Oceanview
AM Best has affirmed A the ratings for Oceanview Life. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a” [Excellent] of Oceanview Life and Annuity Company [Oceanview Life] [headquartered in Denver, CO] and its reinsurer... Read more of this article
AM Best Affirms A-Ratings For Transmonde
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Transmonde Services Insurance Company Limited [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Transmonde’s balance sheet... Read more of this article
Shipping Schedule: Week Starting Dec 14
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, December 14th. On Saturday the Brasilia Highway discharge vessel is expected, on Monday the Oleander container ship will arrive, on Tuesday the Somers Isles container ship is scheduled to arrive, and on Thursday the Bermuda... Read more of this article
AM Best Assigns Credit Ratings To QBE Capital
AM Best assigns A [Excellent] ratings with a stable outlook to QBE Capital Ltd. and QBE Capital Ltd., highlighting their strategic importance and strong support within the QBE group. A statement from the ratings agency said, “AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent]... Read more of this article
AM Best Affirms A-Rating For NEWGT
AM Best affirms NEWGT Reinsurance Company Ltd.’s A- [Excellent] financial strength rating and stable outlook, citing strong capitalization, positive performance, and robust risk management. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of... Read more of this article
Bermuda Stock Exchange Report: Dec 13 2024
December 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,578.82, even on the day. There were 0 advances, 0 declines, and 53 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 Bermuda Stock Exchange Report: Dec 20 2024 Bermuda... Read more of this article
ABIR Members Economic Impact Exceeds $1B
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] “contributed a record $1,016,904,197 to Bermuda’s economy in 2023, the highest amount recorded in ABIR’s 31-year history,” ABIR said today. A spokesperson said, “The record-breaking number was a highlight of ABIR’s 19th annual Economic Substance Survey,... Read more of this article
Legere & Guffey Join Paradise Mobile
Paradise Mobile announced the appointment of John Legere and Lawrence Guffey as strategic advisors. A spokesperson said, “These two telecom industry visionaries join existing Paradise Mobile advisors like Neville Ray, and bring unparalleled expertise to Paradise Mobile, further solidifying the company’s commitment to transforming the mobile... Read more of this article
MetLife And General Atlantic’s Chariot Re
MetLife, Inc. and General Atlantic announced the formation of Chariot Reinsurance, Ltd, a to-be-registered Class E Bermuda-based life and annuity reinsurance company. A spokesperson said, “Chariot Re is expected to launch in the first half of 2025 and will have a future strategic reinsurance partnership with MetLife. “MetLife and General... Read more of this article
