Hashtag: #BermudaBusiness
AM Best Affirms Brit Re’s Rating
Brit Ltd [Brit] announced that AM Best has affirmed its rating for Brit Re. A spokesperson said, “The affirmed rating comes following the announcement of Brit Re’s strategy to drive significant expansion across property, casualty and specialty reinsurance as a full service Bermudian reinsurance platform. “In affirming Brit Re’s rating,... Read more of this article
Butterfield Announce Share Repurchase Program
The Bank of Butterfield announced that its Board of Directors has “approved a $100 million ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 2.7 million of its ordinary shares through December 31, 2025.” Michael Collins, Chairman and Chief Executive Officer, said, “I am pleased to announce a new... Read more of this article
Bermuda Stock Exchange Report: Dec 10 2024
December 10 saw 60,524 shares trade on the Bermuda Stock Exchange, valued at $ 651,372.95 BD. 14,024 shares were traded by Bank of N.T. Butterfield Ltd, closing up 4.0% at $37.50 per share, while another 2,600 shares were traded by BF&M Ltd, closing even up 2.9% at $18.58 per share. 43,100 shares were traded by Bermuda Aviation Services Ltd,... Read more of this article
Bermuda Stock Exchange Report: Dec 9 2024
December 9 saw 1,139 shares trade on the Bermuda Stock Exchange, valued at $41,060.95 BD. 1,139 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.1% at $36.05 per share. The BSX finished at 2,489.81, up 0.11% on the day. There was 1 advance, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
PrivCom Launches Know Your Rights Campaign
The Office of the Privacy Commissioner [PrivCom] announced the launch of the ‘Know Your Rights’ campaign to educate individuals about privacy rights and the upcoming January 2025 implementation of PIPA. A spokesperson said, “The Office of the Privacy Commissioner [PrivCom] is proud to announce the launch of the ‘Know Your Rights’ Campaign;... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share. A spokesperson said, “AXIS Capital Holdings Limited [AXIS Capital] announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 15, 2025 to shareholders of record... Read more of this article
AM Best Affirms Credit Ratings Of Harrington Re
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] of Harrington Re Ltd. [Harrington]. AM Best also has affirmed the Long-Term ICR of “bbb-” [Good] of Harrington Reinsurance Holdings Limited. Both companies are domiciled in Bermuda. The outlook of these... Read more of this article
Photos & Video: Princess Christmas Market
Hamilton Princess & Beach Club held their Christmas Market event last night [Dec 7], amidst the backdrop of the 2024 Bermuda Christmas Boat Parade. Located at the hotel’s Flagpole Terrace, the market featured an array of local businesses and a performance by the Salvation Army Brass Band. Related Stories Photos... Read more of this article
AM Best Affirms Credit Ratings Of Lancashire
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 Lancashire Insurance Company Limited [Hamilton, Bermuda] and Lancashire Insurance Company [UK] Limited [United Kingdom] [collectively referred to as Lancashire]. Additionally, AM Best has affirmed... Read more of this article
AM Best Affirms Credit Ratings Of Orion Re
AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] of Orion Reinsurance [Bermuda] Ltd. [Orion Re] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Orion Re’s balance sheet strength, which AM Best assesses... Read more of this article
Shipping Schedule: Week Starting Dec 7
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, December 7th. On Sunday the MT Owl 3 discharge vessel is expected, on Monday the Oleander container ship and the Star Light discharge vessel will arrive, and on Tuesday the R/V Endeavor research vessel is scheduled to... Read more of this article
Somers Share Repurchases For November
Somers Limited, a financial services investment holding company, announced that during the month of November 2024, Somers purchased 250,000 of its own common shares at an average cost of $13.55 per share. The BSX filing stated, “The Shares will be cancelled with immediate effect. “The number of common shares in issue as at November 30, 2024... Read more of this article
