Hashtag: #BermudaBusiness
Enstar Agrees $400M Loss Portfolio Transfer
Enstar Group Limited announced that one of its wholly-owned subsidiaries has reached an agreement for a loss portfolio transfer with a subsidiary of SiriusPoint Ltd. to reinsure a $400 million portfolio of Workers’ Compensation business covering underwriting years 2018 to 2023. A spokesperson said, “Under the reinsurance agreement, which will... Read more of this article
RenaissanceRe Reports First Quarter Results
RenaissanceRe Holdings reports $364.8 million of net income available to common shareholders and $636.4 million of operating income available to common shareholders in Q1 2024. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced its financial results for the first quarter of 2024. Kevin J. O’Donnell, President and Chief Executive... Read more of this article
Bermuda Stock Exchange Report: April 30 2024
April 30 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,425.67, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: May 17 2024 Bermuda Stock Exchange... Read more of this article
BermudAir Teams Up With EcoSpirits
BermudAir has been selected as the first airline partner for global brand ecoSpirits. A spokesperson said, “Operating from offices in the UK, US, Asia and Australia, ecoSpirits has developed the world’s first low carbon, low waste packaging and distribution system for premium wine and spirits. “Local companies Bermuda Gin Company, which... Read more of this article
MS Reinsurance Earns Rating Upgrades
MS Reinsurance receives rating upgrades from AM Best and S&P Global Ratings, reflecting improved financial strength and operational performance. A spokesperson said, “MS Reinsurance, the global reinsurer, announced today that the company has received rating upgrades from AM Best and S&P Global Ratings. “On Friday, April 26, 2024,... Read more of this article
Bermuda Stock Exchange Report: April 29 2024
April 29 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,425.67, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report: May 17 2024 Bermuda Stock... Read more of this article
AM Best Upgrades Ratings Of MS Amlin AG
AM Best upgraded the Financial Strength Rating to A+ [Superior] and the Long-Term Issuer Credit Rating to “aa-” [Superior] of MS Amlin AG [MS Reinsurance] [Switzerland]. The ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. “The ratings reflect MS Reinsurance’s balance sheet strength, which AM Best assesses... Read more of this article
HSBC Debit Cardholders Get Free 1GB Data
HSBC said they are “pleased to be offering a new benefit to our HSBC Visa Platinum debit cardholders which enables them to redeem a 1GB eSIM for 15 days and enjoy global data connectivity.” A spokesperson said, “Download the GigSky app today. These customers will be able to travel the world without incuring data roaming charges and... Read more of this article
Vantage Group Launches U.S. Large Property
Vantage Group Holdings Ltd. have expanded its insurance offerings with the launch of U.S. Large Property. A spokesperson said, “Vantage Group Holdings Ltd. [Vantage] launched today its U.S. Large Property offering through its U.S. insurance subsidiaries, further extending the company’s insurance capabilities for its brokers and clients. “Vantage’s... Read more of this article
AM Best Affirms Excellent Ratings For SiriusPoint
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for the rated operating subsidiaries of SiriusPoint Ltd. [SiriusPoint] [Bermuda]. The ratings agency said, “Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” [Good] of SiriusPoint, which is a non-operating... Read more of this article
Shipping Schedule: Week Starting April 27
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 27th. On Saturday the MSC Divina cruise ship and the Wave Sentinel cable layer are expected, on Sunday the Norwegian Gem cruise ship and the Oleander container ship will arrive, and on Monday the Unique Infinity... Read more of this article
Registry General Recognises World IP Day
The Registry General joins others in Intellectual Property across the world to celebrate World Intellectual Property Day, an opportunity to explore how intellectual property [IP] is an “opportunity to explore how intellectual property [IP] encourages the growth of creative solutions crucial to building our shared future.” A Government spokesperson... Read more of this article
Bermuda Stock Exchange Report: April 26 2024
April 26 saw 300 shares trade on the Bermuda Stock Exchange, valued at $9,900.00 BD. 300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 9.1% at $33.00 per share. The BSX finished at 2,425.67, up 6.47% on the day. There was 1 advance, 0 declines, and 50 remained unchanged. The full report for the day is available here [PDF], and the... Read more of this article
Harbour Nights Eco-Friendly Initiatives Unveiled
Bermuda Chamber of Commerce, alongside local organizations and the City of Hamilton, unveiled new eco-friendly initiatives for Harbour Nights. A spokesperson said, “The Bermuda Chamber of Commerce is excited to announce significant steps toward making Harbour Nights an eco-friendlier event. These initiatives represent a collaboration with key... Read more of this article
Bermuda Stock Exchange Report: April 25 2024
April 25 saw 0 shares trade on the Bermuda Stock Exchange, valued at $1,312,443.22 BD. The BSX finished at 2,278.17, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories ‘Active And Significant Year For The BSX’ Bermuda Stock Exchange Report:... Read more of this article
Industry Bolsters BDA’s Presence At RIMS
Bermuda-based employees from member companies of the Association of Bermuda International Companies [ABIC] and the Association of Bermuda Insurers and Reinsurers [ABIR] will be attending RISKWORLD 2024, the annual conference of RIMS, the world’s largest risk management community, in San Diego, California. In addition, the Bermuda Reception at RISKWORLD... Read more of this article
