Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: Nov 5 2024
November 5 saw 43,592 shares trade on the Bermuda Stock Exchange, valued at $519,557.00 BD. 9,892 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $36.00 per share, while another 33,700 shares were traded by Argus Group Holdings Ltd, closing up 4.3% at $4.85 per share. The BSX finished at 2,502.84, up 0.19% on the day. There was... Read more of this article
Championship & Mastercard Renew Partnership
The Butterfield Bermuda Championship and Mastercard have renewed their partnership for the 2024 iteration of the event, set to be held from November 14 to November 17. A spokesperson said, “The Butterfield Bermuda Championship is pleased to announce the continuation of its partnership with Mastercard, the global technology company in the payments... Read more of this article
Butterfield Bank October Share Repurchases
The Bank of Butterfield repurchased for cancellation 432,876 common shares at an average price of $37.31 per share in October 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
RiverStone Completes Transfer Deal With QBE
RiverStone International announced that the previously disclosed agreement with QBE to provide a Loss Portfolio Transfer reinsurance [LPT] for various QBE subsidiaries, including their Lloyd’s syndicates has closed after receiving all requisite approvals A spokesperson said, “RiverStone International today announced that the previously disclosed... Read more of this article
Fidelis Declares $0.10 Dividend Per Share
Fidelis Insurance Group declared a $0.10 per share dividend, payable by December 20, 2024. In a filing with the BSX, the company said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of... Read more of this article
AM Best Assigns Strong A-Rating To Fed Re
AM Best assigned Fed Re Ltd. an A- rating with stable outlooks, citing its strong balance sheet and anticipated continued growth and capital expansion. A statement from the ratings agency said, “AM Best has assigned a Preliminary Credit Assessment [PCA] to Fed Re Ltd. [Fed Re] [Bermuda] with a Financial Strength Assessment of A- pca [Excellent]... Read more of this article
Bermuda Stock Exchange Report: Nov 4 2024
November 4 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $13,950.00 BD. 3,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.65 per share. The BSX finished at 2,498.07, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Rosewood’s Golf Tournament Raises $50,000
Rosewood Bermuda raised $50,000 in charitable donations during the annual Rosewood Cup which was held last month. A spokesperson said, “Rosewood Bermuda, the island’s premier luxury resort, raised $50,000 in charitable donations during the annual Rosewood Cup which took place from Oct. 11-13, 2024. This prestigious tournament, held at Tucker’s... Read more of this article
LOM Financial Promotes Makeba Outerbridge
LOM Financial announced that Makeba Outerbridge has been promoted from Senior Investment Advisor to Assistant Vice-President Investments. “Makeba’s appointment is a testament to her outstanding contributions to the firm and dedication to delivering exemplary service and results for LOM’s clients,” said Michael Greaves, Global Head of Advisory. The... Read more of this article
Essent Group Reports $176.2M Q3 Income
Essent Group Ltd. reported net income for the quarter ended September 30, 2024 of $176.2 million or $1.65 per diluted share, compared to $178.0 million or $1.66 per diluted share for the quarter ended September 30, 2023. A spokesperson said, “Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28... Read more of this article
Photos & Video: Holiday Market In Paget
A Holiday Market event took place today [Nov 2] at St. Paul’s Church Hall in Paget, featuring a number of local vendors offering a wide variety of items for sale, including unique gifts, handcrafted items, and much more. A spokesperson previously said, “Come celebrate a delightful day of shopping and holiday cheer! Discover unique gifts, handcrafted... Read more of this article
Shipping Schedule: Week Starting Nov 2
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, November 2nd. On Saturday the Assos container ship and the Vision of the Seas cruise ship are expected, on Sunday the Liberty Power container ship will arrive, and on Monday the Oleander container ship is scheduled to... Read more of this article
