Hashtag: #BermudaBusiness

Landline Subscribers Declined Again By 6%

The number of landline telephone subscribers declined by 6% year-over-year in 2020, which is a continuation of an annual decline that started around 20 years ago. This is according to the recently released Bermuda Digest of Statistics, which said, “The number of landline telephone subscribers declined by 6% year-over-year, a continuation of an annual... Read more of this article

Shipping Schedule: Week Starting February 19

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, February 19th. On Sunday the Precious Ace vehicles carrier 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 Islander... Read more of this article

PartnerRe Declares Dividend On Preferred Shares

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 15, 2021 – March 14, 2022 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend is payable on March 15, 2022 to shareholders of record on February 28, 2022. Related Stories PartnerRe... Read more of this article

Sompo International Appoints Kimberly Iacocca

Bermuda-based Sompo International Holdings Ltd. announced that Kimberly [Kim] Iacocca has been promoted to Senior Vice President and of Head of Financial Institutions [FI] for the U.S. Financial Lines business unit of Sompo International. A spokesperson said, “Kimberly has been with the organization for eight years and most recently held the title... Read more of this article

Bermuda Stock Exchange Report: Feb 18 2022

February 18 saw 8,000 shares trade on the Bermuda Stock Exchange, valued at $51,120.00 BD. 8,000 shares were traded by Argus Group Holdings Ltd, closing even at $6.39 per share. The BSX finished at 2,687.80, even on the day. There were 0 advances, 1 decline, and 62 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article

Recall: Similac Powder Pro-Advance/Sensitive

The Department of Health confirmed that “on behalf of Abbott Nutrition, the Bermuda General Agency [BGA] Ltd. is initiating a proactive product recall of Similac Pro-Sensitive and Pro-Advance plastic container options manufactured in Sturgis, Michigan, one of the company’s manufacturing facilities.” A Government spokesperson said, “This... Read more of this article

BELCO Hosts Second Valentine’s Day Food Drive

BELCO held their second Valentine’s Day Food Drive this past Sunday [Feb 13] with the employee-led initiative offering over 1,000 bags of food and supplies to assist families across the island. A spokesperson said, “At the beginning of 2021, BELCO employees started donating non-perishable food items for those in need in the community, which pushed... Read more of this article

PartnerRe Declares Preferred Shares Dividend

Mosaic Extends Syndicated Capital Partnerships

Mosaic Insurance is activating more global capacity to meet transactional liability risks, as a growing consortia of industry partners joins its syndicated capital program. A spokesperson said, “The specialty insurer will underwrite transactional risks for several new trade-capital partners, among them, HDI Global Specialty, Verto Syndicate 2689,... Read more of this article

Bermuda Stock Exchange Report: Feb 17 2022

February 17 saw 17,378 shares trade on the Bermuda Stock Exchange, valued at $130,597.00 BD. 578 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.9% at $40.25 per share, while another 16,800 shares were traded by Argus Group Holdings Ltd, closing even at $6.39 per share. The BSX finished at 2,687.80, up 1.52% on the day. There was... Read more of this article

24 Exchange Broker Receives License

24 Exchange announced that its new affiliate, 24 Exchange Broker Limited, has received a license from the Bermuda Monetary Authority [BMA] to begin operating as a digital asset service vendor. A spokesperson said, “This license further cements the 24 Exchange platform at the forefront of seamless exchange trading across a broad range of FX and crypto... Read more of this article

Argo Group Closes Sale Of Argo Seguros Brasil

Argo Group announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo evolves as a specialty insurer focused on US-based insurance risks,” said Andy Borst, Interim President of International Operations. “I wish the team in Brazil the best of... Read more of this article

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