Hashtag: #BermudaBusiness
Essent Reports Q2 Results & Declares Dividend
Essent Group Ltd. reported net income for the quarter ended June 30, 2021 of $159.8 million or $1.42 per diluted share, compared to $15.4 million or $0.15 per diluted share for the quarter ended June 30, 2020. Essent also announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on... Read more of this article
Arch Closes Acquisition Of Somerset Bridge
Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced the completion of the previously disclosed acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset on June 23, 2021. “We are pleased to complete this transaction,” said William Soares,... Read more of this article
Bermuda Stock Exchange Report: August 9 2021
August 9 saw 400 shares trade on the Bermuda Stock Exchange, valued at $2,460.00 BD. 400 shares were traded by Argus Group Holdings Ltd, closing up 0.8% at $6.15 per share. The BSX finished at 2,547.86, up 0.05% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Joanna Frith Obtains NABCEP Certification
BE Solar’s Director of Sales Joanna Frith has obtained the North American Board of Certified Energy Practitioners [NABCEP] PV Associate Certificate, with the company noting that she is the first woman in Bermuda to accomplish this. A spokesperson said, “BE Solar’s Director of Sales, Joanna Frith is the first woman in Bermuda to obtain the... Read more of this article
Video: BDA Holds Bermuda Angle Webinar
The Bermuda Business Development Agency [BDA] held its first Bermuda Angle Webinar on July 21, with the webinar discussing “how Bermuda is set to become the world’s climate risk finance capital.” A spokesperson said, “The Bermuda Business Development Agency’s first Bermuda Angle Webinar is now available on the BDA’s YouTube channel. “Top... Read more of this article
Somers Reports Quarterly Net Income: $59.6M
In a filing with the Bermuda Stock Exchange, Somers Limited reported net income for the quarter ended 30th, June 2021. The filing stated: Somers Limited [“Somers”], a financial services investment holding company, today announces that following the record net income of $203.1 million for the first half of the year, the Company is pleased to report... Read more of this article
Africa Specialty Risks Launch Bermuda Reinsurer
Africa Specialty Risks [ASR], the pan-African focused reinsurance group, announced that it has launched a licensed reinsurance entity in Bermuda. “The Group will offer a full suite of products from its Bermudan reinsurer, including Political Risk & Trade Credit, Political Violence & Terrorism, Property, Energy, Liability, Construction and... Read more of this article
Virtual Theme Park Opens In Dockyard
Vista View Bermuda, a theme park offering “aerial and road virtual simulated tours as well as 5D motion simulator games” has opened at the Royal Naval Dockyard. A spokesperson said, “Welcome to Vista View Bermuda, Bermuda’s first virtual aerial tour. We are located at the historic Royal Naval Dockyard next to the Snorkel Park and... Read more of this article
White Mountains Reports Second Quarter Results
White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $1,279 and adjusted book value per share of $1,292 as of June 30, 2021. Book value per share and adjusted book value per share both increased 4% in the second quarter of 2021 and 2% in the first six months of 2021, including dividends. Manning Rountree, CEO, commented, “We... Read more of this article
Shipping Schedule: Week Starting August 7
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday August 7th. On Sunday the Epic Caledonia oil products tanker and the Oleander container ship are expected, on Monday the Viking Orion cruise ship will arrive, and on Thursday the Bermuda Islander container ship is scheduled... Read more of this article
Argo Group Issues $0.31 Cash Dividend
Argo Group International Holdings, Ltd. announced that the Board of Directors declared a quarterly cash dividend of $0.31 per share on the company’s common stock. The cash dividend will be paid on September 15, 2021, to shareholders of record on August 31, 2021. Related Stories Argo Shareholders Approve Proposed Merger Argo To Sell Lloyd’s Syndicate... Read more of this article
Enstar Quarterly Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. “Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share] will be payable... Read more of this article
