Hashtag: #BermudaBusiness
Shipping Schedule: Week Starting August 4
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday August 4th. On Saturday the Colorado Highway vehicles carrier is expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Anthem of the Seas cruise ship is scheduled... Read more of this article
Third Point Re Report Q2 Earnings Results
Bermuda-based Third Point Reinsurance Ltd. announced results for its second quarter ended June 30, 2018. Third Point Re reported net income available to common shareholders of $19.6 million, or $0.19 per diluted common share, for the three months ended June 30, 2018, compared to net income of $74.6 million, or $0.71 per diluted common share, for the... Read more of this article
What’s Open Over The Cup Match Holiday
With the Cup Match holiday upon us, many businesses close or change their hours as people across the island take part in the always popular celebrations, with the list below detailing some of the businesses that are open over these two days. To have your business hours added to the list, please contact support@bernews.com. Gas Stations RUBiS Dowling’s... Read more of this article
Aspen Reports 2018 Second Quarter Results
Aspen Insurance Holdings Limited reported a net loss after tax of $[14.7] million, or $[0.38] per diluted ordinary share, and operating income after tax of $56.3 million, or $0.80 per diluted ordinary share, for the second quarter of 2018. Chris O’Kane, Chief Executive Officer, commented: “Aspen’s second quarter results demonstrate ongoing execution... Read more of this article
Athene’s Second Quarter Financial Results
Athene Holding announced financial results for the second quarter 2018. Net income for the second quarter 2018 was $264 million, or $1.33 per diluted Class A share ["diluted share"], compared to net income for the second quarter 2017 of $326 million, or $1.65 per diluted share. Adjusted operating income1 for the second quarter 2018 was $290 million,... Read more of this article
RenRe Declare $0.33 Quarterly Dividend
The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.33 per common share on its common shares. The dividend is payable on September 28, 2018, to shareholders of record on September 14, 2018. Related Stories RenaissanceRe Announces Dividend Increase RenaissanceRe Announces Quarterly Dividend RenaissanceRe... Read more of this article
Aspen Dividends On Ordinary, Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on September 4, 2018 to the holders of record as of the close of business on August 17, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article
Bermuda Stock Exchange Report: August 1 2018
August 1 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $24,450.00 BD. 1,500 shares were traded by Ascendant Group Limited, closing up 0.3% at $16.30 per share. The BSX finished at 2,818.83, up 0.02% on the day. There was 1 advance, 0 declines, and 58 remained unchanged. The full report for the day is available here [PDF], and the full... Read more of this article
Video: Destination Dockyard Event Continues
On Monday [July 30], the new weekly Destination Dockyard event continued, featuring a range of interactive entertainment, including a technology playground, face painting, theatre, and a deli. Earlier this year, the West End Development Corporation [WEDCO] put out an RFP to revive Destination Dockyard, which was won by PinkSand Entertainment – a business... Read more of this article
Student Presentations Following BFIS Internships
Student presentations followed BFIS internships on July 30, with insurance professionals, former interns, and BFIS scholars on hand to hear what the interns had learned during their time in the insurance markets of Atlanta, Bermuda, Chicago and London this summer. A spokesperson said, “BFIS is most grateful to XL Catlin which sponsors the Atlanta,... Read more of this article
XL Group Announce Second Quarter Results
XL Group Ltd reported its second quarter 2018 results, with net income attributable to common shareholders of $319.0 million, or $1.21 per fully diluted share, for the quarter, compared to $301.6 million, or $1.14 per fully diluted share, in the prior year quarter. Commenting on the Company’s performance, XL’s Chief Executive Officer Mike McGavick... Read more of this article
Bermuda Stock Exchange Report: July 31 2018
July 31 saw 800 shares trade on the Bermuda Stock Exchange, valued at $9,357.00 BD. 500 shares were traded by Ascendant Group Limited, closing even at $16.25 per share, while another 300 shares were traded by Argus Group Holdings Ltd, closing up 2.5% at $4.10 per share. The BSX finished at 2,818.35, up 0.07% on the day. There was 1 advance, 0 declines,... Read more of this article
