Hashtag: #BermudaBusiness
‘First Period Of Negative Inflation Since 1965′
July 2020 marks the first period of negative inflation since March 1965, according to the newly released Consumer Price Index [CPI]. Minister for the Cabinet Office Wayne Furbert said, “In July 2020 consumers paid 1.4 percent less than they did for the CPI basket of goods and services in July 2019. Between June 2020 and July 2020 the average cost... Read more of this article
$40,000 In Receipts For Taste Of Bermuda
The receipts submitted over the three day Taste of Bermuda event came to $40,000, almost 2,500 people attended, 18 gallons of fish chowder were served, and 6.5 gallons of hand sanitizer distributed. These were some of the numbers provided by the City of Hamilton following the recent Taste of Bermuda drive in culinary event. A spokesperson said, “With... Read more of this article
“Man On The Run” To Take Place On Nov 8th
The “AXA Man On The Run” 5K walk/run will be held on Sunday, November 8th, with the proceeds set to be donated to Bermuda Cancer & Health Centre. A spokesperson said, “AXA XL Bermuda is challenging men to go the distance and stop men dying too young! In a year where the pandemic has prevented men from attending regular health checks,... Read more of this article
One Launches New Data Roaming Packs
One Communications has launched new data roaming packs, with the company saying that an $8 Carry-On Auto Pack provides a “generous, automatic bucket of data on a daily basis in almost any country.” A spokesperson said, “Travelling just became more affordable than ever for One Communications mobile customers with the launch of Carry-On... Read more of this article
RenaissanceRe Reports Third Quarter Results
RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $47.8 million, or $0.94 per diluted common share, in the third quarter of 2020, compared to $36.7 million, or $0.83 per diluted common share, in the third quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $131.7... Read more of this article
MediaAlpha Prices Initial Public Offering
MediaAlpha has priced an initial public offering of 9,250,000 shares of its Class A common stock at a price of $19 per share. A spokesperson said, “White Mountains Insurance Group, Ltd. announced today that MediaAlpha, Inc. [MediaAlpha] priced an initial public offering of 9,250,000 shares of its Class A common stock at a price of $19 per share. “The... Read more of this article
Video: Barritt’s Ginger Beer In PS5 Unboxing
A can of Barritt’s Ginger Beer makes an appearance in a YouTube video by popular tech website Engadget that shows an unboxing of the PlayStation 5 [PS5], serving as a size comparison next to the gaming console. Screenshot from the YouTube video: In the recently uploaded video – which has garnered more than 10,000 views since being posted today... Read more of this article
Bermuda Stock Exchange Report: Oct 27 2020
October 27 saw 33,000 shares trade on the Bermuda Stock Exchange, valued at $117,150.00 BD. 33,000 shares were traded by Argus Group Holdings Ltd, closing down 20.8% at $3.20 per share. The BSX finished at 1,975.42, down 0.84% on the day. There were 0 advances, 1 decline, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
AIG Announces Leadership Transitions
American International Group, Inc. [AIG] announced the appointment of Peter Zaffino as Chief Executive Officer while Brian Duperreault will become Executive Chairman and Douglas M. Steenland will become Lead Independent Director. A spokesperson said, “American International Group, Inc. [AIG] today announced leadership transitions for its executive... Read more of this article
Third Point Re To Hold Special General Meeting
Third Point Reinsurance will hold a special general meeting on November 23 where shareholders will vote on matters in connection with the previously announced merger transaction with Sirius International Insurance Group. A spokesperson said, “Third Point Reinsurance Ltd. announced today that it will hold a special general meeting of shareholders... Read more of this article
One Communications Ltd Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd. advised that pursuant to BSX Regulation Section IIA 6.14[2][i], on 22 October 2020, 28,236 shares were repurchased at an average price of $4.00 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share Repurchase One Communications... Read more of this article
Bermuda Stock Exchange Report: Oct 26 2020
October 26 saw 3,700 shares trade on the Bermuda Stock Exchange, valued at $14,900.00 BD. 2,500 shares were traded by Argus Group Holdings Ltd, closing up 37.9% at $4.04 per share, while the other 1,200 shares were traded by One Communications Ltd, closing even at $4.00 per share. The BSX finished at 1,992.21, up 1.13% on the day. There was 1 advance,... Read more of this article
