Hashtag: #BermudaBusiness
Argo Group To Sell Trident Public Risk Solutions
Argo Group International Holdings today announced an agreement to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. “The transaction is expected to close in the coming months, and Argo expects to report a pre-tax gain of approximately $37 million related to the transaction,” the company... Read more of this article
Information & Communication Technology Report
Today [Feb 6] the Department of Statistics released the 2018 Information and Communication Technology [ICT] Profile. The profile shows the core indicators on the use of ICT by businesses with comparisons between 2017 and 2018. Highlighted below are some of the 2018 year-over-year changes: In 2018, the ICT sector accounted for 2.9 per cent of Gross... Read more of this article
Video: ‘Taking Off’ Highlights Skyport Magic Mile
Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the Skyport Magic Mile. Speaking in the episode, Mikaela Pearman said, “The Skyport Magic Mile is around the corner and we are so excited! “On Saturday, February... Read more of this article
BEDC “Eat, Shop, Play” Initiative Concludes
The Bermuda Economic Development Corporation’s “Eat, Shop, Play” Initiative, which aimed to increase economic activity within BEDC’s three Economic Empowerment Zones [EEZ’s] – Somerset, North East Hamilton, and St. George’s has successfully concluded. A spokesperson said, “Over the past holiday season, Ray Lambert, Director of... Read more of this article
Column: ‘Real Concern’ About The Economy
[Opinion column written by Ben Smith] The economy of Bermuda has reached levels of real concern and we must look at the signs of the times. They are not good. Drive from Somerset to St. George’s and count all the for-sale signs, some of which have been there for years. There is very little movement in real estate, which has an impact on construction... Read more of this article
CPA UK Hold CAPAC Regional Workshop Series
The Commonwealth Parliamentary Association UK held the CAPAC Regional Workshop Series: Caribbean in Trinidad & Tobago from January 21-23. A spokesperson said, “From 21-23 January 2020, 31 Chairs, Members and Clerks of Public Accounts Committees from 11 Commonwealth countries across the region met to discuss their role in the scrutiny and oversight... Read more of this article
One Communications Jan Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd. advised that pursuant to its share repurchase programme, during the month of January 2020 the company repurchased 92,126 of its common shares at an average price of $3.49 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share... Read more of this article
White Mountains Reports Fourth Quarter Results
White Mountains Insurance Group, Ltd. reported book value per share of $1,024 and adjusted book value per share of $1,018 as of December 31, 2019. Book value per share and adjusted book value per share increased 2% and 1% in the fourth quarter of 2019. Book value per share and adjusted book value per share increased 14% and 15% in the year ended December... Read more of this article
LOM Financial January Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited has announced that the Company purchased a total of 36,100 shares at an average price of $2.77 for cancellation during January 2020, pursuant to Regulation 6.38 of the BSX Listing Regulations. “LOM Financial Limited has announced that the Company purchased a total of 36,100... Read more of this article
Bermuda Stock Exchange Report: Feb 5 2020
February 5 saw 63,200 shares trade on the Bermuda Stock Exchange, valued at $327,221.00 BD. 1,300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $34.00 per share, while another 59,900 shares were traded by One Communications Ltd, closing even at $3.79 per share. 2,000 shares were traded by Watlington Waterworks Ltd, closing up... Read more of this article
Balance Of Payments & International Investment
Today [Feb 5] the Minister for the Cabinet Office Wayne Furbert released the 2019 Q3 Balance of Payments & International Investment Position publication from the Department of Statistics. The Minister explained, “Bermuda’s trade with non-residents resulted in a $251 million surplus for the third quarter of 2019. Bermuda’s stock of foreign... Read more of this article
Chubb Reports Fourth Quarter Net Income
Chubb Limited reported net income for the quarter ended December 31, 2019 of $1,173 million, or $2.57 per share, compared with $355 million, or $0.76 per share, for the same quarter last year. Core operating income was $1,040 million, or $2.28 per share, compared with $935 million, or $2.02 per share, for the same quarter last year. The property and... Read more of this article
