Hashtag: #BermudaBusiness
AM Best Assigns PCA To Vantage Risk
AM Best has assigned a Preliminary Credit Assessment [PCA] to Vantage Risk Ltd. [Vantage] [Bermuda] with a Financial Strength Assessment of A- pca [Excellent] and a Long-Term Issuer Credit Assessment of “a-” pca. The outlook assigned to these PCAs is stable. The ratings agency said, “The PCAs reflect Vantage’s balance sheet strength, which AM... Read more of this article
AXIS & Kennedys Launch New Insurance Product
AXIS Insurance and Kennedys Law announced a collaboration for services in connection with the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company offices. “The marine shipping insurance market dates back... Read more of this article
One Communications 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 20 October 2020, 52,153 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 21 2020
October 21 saw 63,270 shares trade on the Bermuda Stock Exchange, valued at $233,359.18 BD. 63,270 shares were traded by Argus Group Holdings Ltd, closing up 4.3% at $2.93 per share. The BSX finished at 1,880.45, up 0.13% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
BCF: ‘Is Philanthropy Up For The Challenge?’
The Bermuda Community Foundation [BCF] has released a new report entitled “Social Equity: Is Philanthropy Up For The Challenge?” which BCF Managing Director Dr. Myra Virgil describes as “a call to action, providing a context for social and race equity in Bermuda and offering guidance on programme investment opportunities for people... Read more of this article
Hiscox Appoints Kathleen Reardon As CEO
Hiscox Ltd announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. A spokesperson said, “Hiscox Ltd, the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Kathleen will succeed Mike Krefta,... Read more of this article
Bacardi Unveil Sustainable Spirits Bottle Plans
Bacardi Limited, which is headquartered in Bermuda, announced plans to “put the world’s most sustainable spirits bottle on shelf by 2023.” A spokesperson said, “Bacardi, the world’s largest family-owned spirits company, has made a giant leap forward in the fight against climate change and plastic pollution today, as it unveils... Read more of this article
Princess Staycations For Emergency Services
The Hamilton Princess has given away more than a dozen two-night stays to emergency services to thank them for their hard work during the Covid-19 pandemic and throughout the active hurricane season. A spokesperson said, “To celebrate the extension of the hotel’s staycation getaway rates for locals, Hamilton Princess & Beach Club has given... Read more of this article
One Communications 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 19 October 2020, 22,700 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 20 2020
October 20 saw 55,253 shares trade on the Bermuda Stock Exchange, valued at $289,212.00 BD. 3,100 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $26.00 per share, while another 52,153 shares were traded by One Communications Ltd, closing even at $4.00 per share. The BSX finished at 1,878.05, up 1.21%% on the day. There was 1... Read more of this article
Retail Sales Increased 1.5% In July 2020
Today the Minister for the Cabinet Office Wayne Furbert released the July 2020 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at negative 0.2 per cent in July, the overall volume of local retail sales increased 1.5 per cent. Meanwhile, total... Read more of this article
2020 Tech Summit Comes To A Successful Close
The 2020 Bermuda Tech Summit attracted more than 700 attendees from 36 countries and featured more than 50 global business leaders. A spokesperson said, “The 2020 Bermuda Tech Summit, which took place online from October 14-16 as part of Bermuda Tech Week, concluded a thought-provoking three-day event with discussions on digital transformation in... Read more of this article
