Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: July 25 2018
July 25 saw 23,547 shares trade on the Bermuda Stock Exchange, valued at $254,841.00 BD. 20,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.10 per share, while another 3,547 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.2% at $49.00 per share. The BSX finished at 2,798.27, up 2.47% on the day. There was 1 advance,... Read more of this article
Madeiros & Seymour Smith Appointed By ABIR
The Association of Bermuda Insurers & Reinsurers [ABIR] announces leadership appointments of industry executives. ABIR announces the appointment of Leila Madeiros to Chair of its Policy Committee. The Policy Committee serves as the chief policy body of ABIR, with review of insurance regulation in Bermuda and overseas, international regulatory standards,... Read more of this article
Robinson Recognised By Chambers, Legal Week
Partner Keith Robinson of law firm Carey Olsen Bermuda has maintained his ranking as a Band 1 practitioner in ‘offshore trusts’ in the 2018 Chambers High Net Worth [HNW] guide, and has also been recognised in Legal Week’s 2018 Private Client Global Elite list of the top private client lawyers from around the world. A spokesperson said,... Read more of this article
Video: Butterfield Rings NYSE Closing Bell
Michael Collins, Butterfield’s Chairman and Chief Executive Officer rang the New York Stock Exchange [NYSE] Closing Bell on July 23rd to commemorate the company’s 160th anniversary, with members of the Bank’s Board of Directors joining Mr Collins at the Bell Podium. According to their website, “Butterfield is Bermuda’s first bank,... Read more of this article
RenaissanceRe Report Net Income Of $191.8M
Bermuda-based RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $191.8 million, or $4.78 per diluted common share, in the second quarter of 2018, compared to $171.1 million, or $4.24 per diluted common share, in the second quarter of 2017. Operating income available to RenaissanceRe common shareholders was... Read more of this article
Conyers Awarded Top Ranking As Offshore Trust
Conyers Dill & Pearman’s Private Client & Trust practice has been ranked Band 1 in Bermuda and the Cayman Islands in Chambers & Partners’ High Net Worth guide. Conyers is the only firm in Bermuda ranked Band 1 for Offshore Trusts and is described as ‘dominating the Bermuda market’. Three of the firm’s Bermuda lawyers were recognised... Read more of this article
Bermuda Stock Exchange Report: July 24 2018
July 24 saw 1,900 shares trade on the Bermuda Stock Exchange, valued at $31,350.00 BD. 1,900 shares were traded by Ascendant Group Limited, closing up 1.5% at $16.50 per share. The BSX finished at 2,730.81, up 0.09% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Butterfield Bank Reports Second Quarter Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2018. Second quarter core net income was $51.7 million, or $0.93 per diluted common share, compared to $45.0 million, or $0.81 per diluted common share in the previous quarter and $37.5 million, or $0.67 per diluted common share, for the... Read more of this article
Dr. John Seo To Speak At Convergence 2018
ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2018, announced that Dr. John Seo, will be the event’s industry keynote speaker featuring a talk titled “ILS, $80B to $300B, how do we get there?” A spokesperson said, “The broader measure of the ILS market is roughly $80B currently, Dr. John Seo, co-Founder and Managing Director of Fermat... Read more of this article
Colonial Awarded Top Marks For Cyber Security
Colonial Group International Ltd. has been awarded a top cyber-security business protection certification. The Bermuda-based holding company received ‘Cyber Essentials Plus ‘ certification from the National Cyber Security Centre [NCSC], a UK Government organisation that helps public and private sector organisations protect themselves from cyber... Read more of this article
BAS Appoints Azeem Khan & Antoine Lambert
Bermuda Aviation Services Limited [BAS Group] announced the appointment of two Bermudians to key positions within the organisation’s companies: Azeem Khan in the role of Vice President, Technical Operations for the CCS Group and Antoine Lambert as Operations Manager for BESCO. Mr. Khan is returning home to the CCS Group, where he began his career... Read more of this article
Qatar Re Changing Operations In Singapore
Qatar Reinsurance has announced that, with effect from 20 July 2018, it is to cease writing new and renewal business from its branch office in Singapore. The Company will work closely with its Singapore-based staff, its clients and broking partners and regulators to ensure the orderly administration of existing business written from the branch. This... Read more of this article
