Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Nov 14 2024
November 14 saw 11,400 shares trade on the Bermuda Stock Exchange, valued at $416,100.00 BD. 11,400 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.50 per share. The BSX finished at 2,526.08, even on the day. There were 0 advances, 0 declines, and 53 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Premier’s Condolences To Green Family
“We mourn the loss of a great friend to Bermuda and celebrate a life which greatly enhanced others,” Premier David Burt said following the death of Peter Green. Premier Burt said: “On behalf of the people of Bermuda, I extend my deepest condolences to the family, friends, and loved ones of Mr. Peter Green. His legacy on our island and... Read more of this article
Cybersecurity 101 Course Begins November 18
Supatone Ltd., a local IT consulting firm, has announced the launch of its latest training course, “Cybersecurity 101,” set to commence on Monday, November 18. A spokesperson said, “Supatone Ltd., a local IT consulting firm, is excited to announce the launch of its latest training course, ‘Cybersecurity 101,’ set to commence... Read more of this article
AM Best Assigns A-Rating To National Insurance
AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a” [Excellent] to National General Insurance Ltd. [NGIL] [Hamilton, Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect NGIL’s balance sheet strength,... Read more of this article
Fidelis Insurance Partners With Euclid Mortgage
Fidelis Insurance Holdings Limited, a global specialty insurer, has announced a new strategic partnership with Euclid Mortgage Insurance Services, LLC [Euclid Mortgage], a managing general agency specializing in underwriting credit risk on portfolios of residential mortgages. A spokesperson said, “Fidelis Insurance Group will provide reinsurance... Read more of this article
Summit Highlights Bermuda’s Reinsurance Role
Bermuda’s critical role as a hub for reinsurance innovation, growth, and resilience was highlighted at the PwC Insurance Summit, presented in collaboration with the Financial Times. A spokesperson said, “The 17th annual PwC insurance and reinsurance forum in Bermuda brought together over 300 industry leaders and professionals, along with 22... Read more of this article
Bermuda Stock Exchange Report: Nov 13 2024
November 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,526.08, even on the day. There were 0 advances, 0 declines, and 53 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Nov 22 2024 Bermuda Stock Exchange Report: Nov 21 2024 Bermuda Stock Exchange... Read more of this article
Somerset Reinsurance Appoints Riley LaTour
Somerset Reinsurance Ltd. — a provider of reinsurance solutions to the life insurance and annuity market — announced the appointment of Riley LaTour as Chief Risk Officer [CRO] with immediate effect. A spokesperson said, “Riley will be responsible for the firm’s risk management strategies and operations. Riley was most recently... Read more of this article
Photos & Video: Fairmont Groundbreaking
[Updated with photos] Fairmont Southampton is hosting its groundbreaking ceremony this morning [Nov 13]. We will have additional coverage later on and in the meantime the live video is below. Update: The live video replay is below: Update 6.40pm: Premier David Burt’s full statement follows below: To Cabinet and Parliamentary colleagues, the President... Read more of this article
Bermuda Stock Exchange Report: Nov 12 2024
November 12 saw 10,150 shares trade on the Bermuda Stock Exchange, valued at $370,475.00 BD. 10,150 shares were traded by Bank of N.T. Butterfield Ltd, closing up even at $36.50 per share. The BSX finished at 2,526.08, even on the day. There were 0 advances, 0 declines, and 53 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Retail Sales Decreased 1.5% In July 2024
After adjusting for the retail sales rate of inflation, measured at 3.4% in July, the overall volume of retail sales index decreased 1.5% when compared to July 2023, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the July 2024 Retail Sales Index publication.... Read more of this article
July Consumer Price Index: Inflation 1.9%
The Ministry of Economy and Labour reported a 1.9% year-over-year increase in the Consumer Price Index [CPI] for July 2024. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ July 2024 Consumer Price Index. “In summary, consumers paid 1.9 per cent more in July 2024 than they did... Read more of this article
