Hashtag: #BermudaBusiness
AM Best Comment On Watford Re Credit Ratings
AM Best said that the ratings of “a-” of Watford Re Ltd. and its subsidiaries is currently under review with negative implications. A statement from the ratings agency said, “AM Best has commented that the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of Watford Re Ltd. [Watford Re] [Bermuda] and... Read more of this article
Bermuda Stock Exchange Report: Oct 15 2020
October 15 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 1,898.47, even on the day. There were 0 advances, 1 decline, and 60 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange Report:... Read more of this article
ABIR To Host Virtual Seaside Chat On Oct 20
The Association of Bermuda Insurers and Reinsurers [ABIR] will host a Virtual Seaside Chat on Tuesday, October 20. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] will host a Virtual Seaside Chat with the International Association of Insurance Supervisors [IAIS] Secretary General Jonathan Dixon. ABIR extends an invitation... Read more of this article
BTA Chief Sales/Marketing Officer To Step Down
[Updated] Victoria Isley will step down as the Bermuda Tourism Authority’s Chief Sales & Marketing Officer, effective November 30, 2020. “Victoria Isley’s contributions to Bermuda’s tourism industry are mammoth and will be missed,” said Stephen Todd, Deputy Chair of the BTA Board of Directors. “On behalf of the BTA Board, its staff... Read more of this article
Three Join Appleby Bermuda Trainee Programme
Three Bermudians — Arielle DeSilva, Zantae Dill, and Kaisha Wilson — have joined the Appleby legal trainee programme. A spokesperson said, “Appleby would like to welcome Arielle DeSilva, Zantae Dill and Kaisha Wilson to the Appleby legal trainee programme. “The two-year trainee programme involves being called to the Bermuda Bar and completing... Read more of this article
AXIS Estimate Q3 Losses Of $225 – $255M
Bermuda-based AXIS Capital Holdings announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2020 in the range of $225 million to $255 million. A spokesperson said, “AXIS Capital Holdings Limited [AXIS Capital] today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax [$190... Read more of this article
Arch Announces Catastrophe Loss Estimates
Bermuda-based Arch Capital Group has established a range of pretax catastrophe losses of $190 million to $210 million in the 2020 third quarter. The company said, “Arch Capital Group Ltd. reports that its 2020 third quarter results will be negatively impacted by a set of catastrophe events that occurred during the third quarter, including Hurricanes... Read more of this article
Bermuda Stock Exchange Report: Oct 14 2020
October 14 saw 7,969 shares trade on the Bermuda Stock Exchange, valued at $85,727.55 BD. 4,000 shares were traded by Somers Limited, closing even at $14.00 per share, while another 1,000 shares were traded by BF&M Ltd, closing up 5.3% at $18.00 per share. 2,969 shares were traded by One Communications Ltd, closing down 1.3% at $3.95 per share. The... Read more of this article
Request For Proposal: Food Concessions In City
The City of Hamilton is seeking new food concession vendors for several City parks and other areas. A spokesperson said, “In an effort to enhance the vibrancy of the City and to continue to cater to the working public, the City of Hamilton is seeking new food concession vendors for several City parks and other areas. “Interested vendors... Read more of this article
Retail Sales Decreased 6% In June 2020
Today the Minister for the Cabinet Office Wayne Furbert released the June 2020 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 1.2 per cent in June, the overall volume of local retail sales decreased 6.0 per cent. Retail sales activity in... Read more of this article
Job Redundancies At Butterfield Group
51 employees across the Butterfield Group internationally were advised “that their positions were made redundant” and ”roughly half of the positions impacted are based in Bermuda,” the company has confirmed. A spokesperson said, “Butterfield confirms that 51 employees across the Group internationally were advised on Monday... Read more of this article
354 ‘Work From Bermuda’ Certificates Approved
452 applications have been received thus far for the Work from Bermuda One Year Residential Certificate, with 354 of them being approved, Premier David Burt said. Speaking at last night’s [Oct 13] press briefing, Premier Burt said, “I would like to provide an update on our ‘Work from Bermuda’ initiative. I am pleased to report that... Read more of this article
