Hashtag: #BermudaBusiness
Donavan Burgess Earns Emerging Leader Award
Donavan Burgess has been named a 2024 Emerging Leader Award recipient, awarded to young professionals that “exhibit exceptional attributes and great potential to lead and shape the future of professional liability.” A spokesperson said, “The Professional Liability Underwriting Society [PLUS] proudly announced the recipients of the... Read more of this article
SiriusPoint Announce Leadership Changes
SiriusPoint appointed Anthony Shapella as Group Chief Underwriting Officer and David Govrin to focus on Global Reinsurance, effective January 1, 2025. A spokesperson said, “SiriusPoint Ltd. a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and... Read more of this article
Enstar Agrees ADC Agreement With James River
Enstar announced that one of its wholly-owned subsidiaries has entered into an adverse development cover [ADC] reinsurance agreement with certain subsidiaries of James River Group Holdings, Ltd. A spokesperson said, “Under the terms of the agreement, Enstar’s subsidiary will provide $75 million of limit in excess of the existing $160 million... Read more of this article
Assured Insures $920M In Bonds For JFK Airport
Assured Guaranty insured $920 million of bonds for the JFK Airport Terminal 6 Redevelopment Project to refinance JPM’s short-term debt. A spokesperson said, “Assured Guaranty [AG] has insured $920 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation in connection with the JFK Airport... Read more of this article
Shipping Schedule: Week Starting Nov 9
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, November 9th. On Sunday the Insignia cruise ship is expected, on Monday the Oleander container ship and the Zuiderdam cruise ship will arrive, and on Tuesday the Norwegian Breakaway cruise ship is scheduled to arrive. On... Read more of this article
AM Best Affirms Everen Specialty’s A-Rating
AM Best affirmed Everen Specialty Ltd.’s A- financial strength and “a-” issuer ratings with a negative outlook, citing improved capital and a focus on core energy operations. 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 “a-” [Excellent]... Read more of this article
Bermuda Stock Exchange Report: Nov 8 2024
November 8 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 decline, and 52 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: Nov 22 2024 Bermuda Stock... Read more of this article
BSX Closed For Remembrance Day Holiday
The Bermuda Stock Exchange [BSX] will be closed on Monday, November 11, in observance of the Remembrance Day Public Holiday. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on closed Monday, 11 November 2024, in observance of the Remembrance Day Public Holiday. The BSX will re-open on Tuesday, 12 November... Read more of this article
Everest Announces Repurchase & Dividend
Everest Group Ltd. announced a 10 million share increase in its repurchase authorization and a $2.00 per share dividend payable December 13, 2024. A spokesperson said, “Everest Group, Ltd. announced that its Board of Directors approved an increase of 10 million shares in its share repurchase authorization. “In addition, the Company announced... Read more of this article
Arch Announces Dividend, Executive Promotions
Arch Capital Group Ltd. announced a $1.9 billion special dividend and also announced executive promotions. A spokesperson said, “Arch Capital Group Ltd. [NASDAQ: ACGL, Arch or the Company] today announced that its Board of Directors [Board] has declared a special cash dividend [special dividend] of $1.9 billion to common shareholders, representing... Read more of this article
Bermuda Stock Exchange Report: Nov 7 2024
November 7 saw 18,327 shares trade on the Bermuda Stock Exchange, valued at $414,535.50 BD. 10,327 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.4% at $36.50 per share, while another 8,000 shares were traded by Argus Group Holdings Ltd, closing up 1.1% at $4.70 per share. The BSX finished at 2,526.08, up 1.12% on the day. There... Read more of this article
Waterlot Welcome Hamish Lindsay & Barry Cohen
The Waterlot will reopen its doors on Wednesday, December 4, and will welcome Executive Chef Hamish Lindsay and Maître D’ Barry Cohen. A spokesperson said, “The Waterlot, Bermuda’s iconic dining destination, will reopen its doors on Wednesday, December 4, with the introduction of two remarkable talents: Executive Chef Hamish Lindsay... Read more of this article
