Hashtag: #BermudaBusiness
BMS Re Launches Bermuda Operations
BMS Re announced the launch of BMS Re in Bermuda, with Adam Mullan to be appointed as executive director once necessary visa and regulatory requirements are met. A spokesperson said, “BMS Re, the independent reinsurance broker, is pleased to announce the launch of BMS Re in Bermuda. Once necessary visa and regulatory requirements are met, Adam... Read more of this article
Shipping Schedule: Week Starting July 31
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday July 31st. On Monday the Oleander container ship and the Viking Orion cruise ship are expected, on Wednesday the Somers Isles container ship will arrive, and on Thursday the Bermuda Islander container ship is scheduled to... Read more of this article
RenRe Announce $0.36 Quarterly Dividend
RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on September 30, 2021, to shareholders of record on September 15, 2021. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current... Read more of this article
Bermuda Stock Exchange Report: July 28 2021
July 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,513.89, even on the day. There were 0 advances, 0 declines, and 61 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: Dec 31 2025 Bermuda Stock... Read more of this article
Enstar Announces ADC Agreement With RSA
Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an agreement with Royal & Sun Alliance Insurance Limited to provide adverse development cover for certain UK, Irish and other business of RSA and its subsidiaries, in exchange for premium. “RSA is a wholly owned subsidiary of Toronto-based property & casualty... Read more of this article
BSX Closed For Cup Match Public Holidays
The Bermuda Stock Exchange [BSX] will be closed on Thursday, July 29 and Friday, July 30 due to the Cup Match holiday. A spokesperson said, “The Bermuda Stock Exchange advises that the BSX will be closed on Thursday, 29th and Friday, 30th July 2021, for the Emancipation Day and Mary Prince Day [collectively known as Cup Match] public holidays... Read more of this article
Bermuda Stock Exchange Report: July 27 2021
July 27 saw 3,100 shares trade on the Bermuda Stock Exchange, valued at $72,075.00 BD. 3,100 shares were traded by BF&M Ltd, closing up 1.1% at $23.25 per share. The BSX finished at 2,513.89, up 0.09% 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
MJM’s Rana-Fahy Ranked Band 2 By Chambers
Fozeia Rana-Fahy of law firm MJM Limited has been individually ranked Band 2 in the Chambers and Partners’ High Net Worth Guide for 2021. A spokesperson said, “Fozeia Rana-Fahy of law firm MJM Limited has been individually ranked Band 2 in the Chambers and Partners’ High Net Worth Guide for 2021. The reputable guide, which is based on independent... Read more of this article
HSBC Brings “Cup Match Magic” To BHB
The HSBC Cup Match Motorcade was rerouted yesterday [July 26] to pass KEMH on Point Finger Road, with cricket sets donated to residents and clients of the Mid-Atlantic Wellness Institute or one of their group homes in the community. A spokesperson said, “HSBC brought some cup match magic to BHB this week. The HSBC Cup Match Motorcade was rerouted... Read more of this article
Butterfield Bank Reports Q2 2021 Results
The Bank of N.T. Butterfield & Son Limited has announced its financial results for the second quarter of 2021. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited announced financial results for the second quarter ended June 30, 2021. “Net income for the second quarter of 2021 was $39.6 million, or $0.79 per diluted... Read more of this article
Update On Restricted & Closed Job Categories
The Ministry of Labour is advising the public of “changes to the closed and restricted job categories, effective from August 1 for a three month period,” noting that they are extending the moratorium on new work permits for certain closed job categories until October 31st, 2021. A Government spokesperson said, “As highlighted in the 2020... Read more of this article
PartnerRe Reports Q2 & Half Year 2021 Results
PartnerRe Ltd. reported net income available to common shareholder of $314 million for the second quarter of 2021, compared to income of $229 million for the same period of 2020. A statement from the company said, “Net income available to common shareholder was $248 million for the half year 2021, compared to a loss of $204 million for the same... Read more of this article
