Hashtag: #BermudaBusiness
$3.5M Donation To Bermuda College Foundation
Athene Holding, Athora Holding, Aspen Insurance Holdings Limited, and Catalina Holdings are making a $3.5 million donation to the Bermuda College Foundation to create a Career Development Centre. A spokesperson said, “Athene Holding Ltd. [Athene] and its reinsurance subsidiary, Athene Life Re. Ltd.[ALRe], in addition to Athora Holding Ltd., Aspen... Read more of this article
Princess Named One Of Best Resorts In Atlantic
Hamilton Princess & Beach Club has been ranked the 10th best resort in the Atlantic Islands in the Condé Nast Traveler’s Readers’ Choice Awards 2020 and was the highest ranked resort in Bermuda. A spokesperson said, “Hamilton Princess & Beach Club has been ranked the 10th best resort in the Atlantic Islands, in international travel... Read more of this article
BILTIR Appoints Kevin Hovi To Board Of Directors
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced the appointment of Kevin Hovi to its Board of Directors. A spokesperson said, “Kevin is President and Chief Financial Officer of Kuvare Life Re Ltd. Prior to his role at Kuvare Life Re, he was Chief Financial Officer at Longitude Re. He previously worked at XL Catlin, most-recently... Read more of this article
Jamie Madison Releases New Fall/Winter Jackets
Jamie Madison Collection is releasing their new line of jackets for the fall/winter season. A spokesperson said, “Local designer Jamie Madison Collection is releasing their new line of jackets for the fall/winter season. This year has refocused many of us to consider the most important things in life and at Jamie Madison we wanted to reflect that... Read more of this article
Third Point Re Donates $20,000 To WindReach
WindReach — the non-profit that provides therapeutic and educational programmes to help enrich the quality of life of individuals living with special needs — has received a $20,000 donation from Third Point Reinsurance Ltd. The organization explained that the financial contribution will directly support the operations of WindReach’s Life... Read more of this article
CrossTower Granted DABA Business License
CrossTower announced that the Bermuda Monetary Authority has granted it a license under the Digital Asset Business Act [DABA]. A spokesperson said, “CrossTower, a new exchange operator founded by capital markets veterans on a mission to mainstream digital asset investing and trading, today announced that the Bermuda Monetary Authority has granted... Read more of this article
Arch Capital To Acquire Watford Holdings
Arch Capital Group and Watford Holdings have entered into a definitive agreement under which Arch will acquire all the common shares of Watford in an all-cash transaction valued at approximately $622 million. A spokesperson said, “Following closing, which is expected to occur in the first quarter of 2021, Watford will continue to operate as a... Read more of this article
Sompo International To Offer D&O Insurance
Sompo International Holdings Ltd. announced a new Directors and Officers Liability [D&O] insurance policy form for publicly traded companies. A spokesperson said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced a new Directors and Officers Liability [D&O]... Read more of this article
Shipping Schedule: Week Starting October 10
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday October 10th. On Monday the Oleander container ship is expected, on Tuesday the Somers Isles container ship will arrive, and on Thursday the Vanquish container ship is scheduled to arrive. The weekly shipping schedule, which... 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 07 October 2020, 47,800 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 9 2020
October 9 saw 9,480 shares trade on the Bermuda Stock Exchange, valued at $26,343.20 BD. 9,400 shares were traded by Argus Group Holdings Ltd, closing down 1.1% at $2.76 per share, while the other 80 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $5.00 per share. The BSX finished at 1,831.69, down 0.03% on the day. There were 0... Read more of this article
Coastal Clean-Up At Black Bay Tomorrow
An environmentally friendly travel business that is “passionate about ensuring Bermuda is sustainable” has arranged a beach clean-up this weekend. In partnership with volunteer students from Sandys Middle School and the team at West End Development Corporation, Eco Island Travel has organized a post hurricane coastal clean-up at Black Bay tomorrow... Read more of this article
