Hashtag: #BermudaBusiness
AM Best Assigns Credit Ratings To Soteria
AM Best has assigned a Financial Strength Rating of A- [Excellent] and a Long-Term Issuer Credit Rating of “a-” [Excellent] to Soteria Reinsurance Ltd. [Soteria] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Soteria’s balance sheet strength, which AM... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 17, 2025 to shareholders of record at the close of business on March 31, 2025. A spokesperson said, “AXIS Capital also announced that its Board of Directors approved a new share repurchase program, authorizing the Company... Read more of this article
Assured Guaranty Raises Quarterly Dividend
Assured Guaranty Ltd. — a publicly traded Bermuda-based holding company — declared a quarterly dividend of $0.34 per common share, an increase of 10% from the quarterly dividend of $0.31 per common share that was declared on November 8, 2024. The dividend is payable on March 19, 2025 to shareholders of record at the close of business on March 5,... Read more of this article
Bermuda Stock Exchange Report: Feb 20 2025
February 20 saw 20,000 shares trade on the Bermuda Stock Exchange, valued at $30,000.00 BD. 20,000 shares were traded by Bermuda Aviation Services Ltd, closing down 14.3% at $1.50 per share. The BSX finished at 2,708.47, down 0.05% on the day. There were 0 advances, 1 decline, and 51 remained unchanged. The full report for the day is available here... Read more of this article
Fidelis Declares $0.10 Dividend Per Share
Fidelis Insurance Group declared a $0.10 per share dividend, payable by March 27, 2025. In a filing with the BSX, the company said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10... Read more of this article
Butterfield & Nudge Financial Education Platform
Butterfield has partnered with nudge to launch an online financial education platform, offering personalised, impartial financial literacy resources for individuals in Bermuda and the Cayman Islands. A spokesperson said, “Butterfield has partnered with nudge, the global leader in financial wellbeing, to launch an online education platform as part... Read more of this article
Jeff Goodell To Deliver Speech On Climate Risk
The Bermuda Risk Summit 2025 will feature renowned climate expert Jeff Goodell, who will discuss “how climate change is accelerating the risks of extreme heat and wildfires A spokesperson said, “With wildfires raging across California and climate- driven disasters reshaping global economies, Bermuda Risk Summit 2025 is bringing in one of the... Read more of this article
Bermuda Stock Exchange Report: Feb 19 2025
February 19 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $38,000.00 BD. 2,000 shares were traded by BF&M Ltd, closing at an even $19.00 per share. The BSX finished at 2,709.91, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
City Of Hamilton Seeks Vendors For 2025 Events
The City of Hamilton is inviting local vendors to “apply for opportunities to offer products and services that complement and enhance its signature 2025 events.” A spokesperson said, “From open-air festivals to family-friendly movie nights, these vibrant and immersive City events create engaging experiences for the community while supporting... Read more of this article
RenaissanceRe $500M Senior Notes Offering
RenaissanceRe Holdings “has agreed to sell in an underwritten public offering $500 million aggregate principal amount of 5.800% Senior Notes due 2035.” A spokesperson said, “RenaissanceRe Holdings Ltd. announced today that it has agreed to sell in an underwritten public offering $500 million aggregate principal amount of 5.800% Senior... Read more of this article
Bermuda Stock Exchange Report: Feb 18 2025
February 18 saw 3,500 shares trade on the Bermuda Stock Exchange, valued at $140,000.00 BD. 3,500 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $40.00 per share. The BSX finished at 2,709.91, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
East End Asphalt Rebrands As Surface Experts
East End Asphalt Company Limited has rebranded as Surface Experts Ltd. A spokesperson said, “The East End Asphalt Company Limited [EEA] has a new name to reflect its new direction. Now operating as Surface Experts Ltd., the company will continue to provide asphalting services, supply mixed asphalt, stone and sand while exploring new avenues for diversification. “Purchased... Read more of this article
