Hashtag: #BermudaBusiness
Liberty Announces New Limestone Transaction
Limestone Re Ltd., a Bermuda domiciled segregated account company, issued $278 million of participating notes to investors in a private placement transaction that provides collateralized reinsurance for Liberty Mutual’s U.S. property catastrophe program, as well as its U.S. homeowners and global property reinsurance risk. “Reinsurance through... Read more of this article
BII: Take Ownership Of Career Development
Women were urged to take ownership of their own career development in order to achieve their aspirations during a lunch and learn organized to find solutions to issues preventing women succeeding in the re/insurance sector. That was one of the key messages delivered by Kathleen Faries, Head of TMR Bermuda, and Fiona Luck, a long-time industry Executive... Read more of this article
Shipping Schedule: Week Starting June 30
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 30th. On Saturday the Anthem of the Seas cruise ship is expected, on Sunday the Norwegian Dawn cruise ship and the Oleander container ship will arrive, and on Monday the Grandeur of the Seas cruise ship is scheduled... Read more of this article
Somers Acquisition Of Shares In PCF Group
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced that the acquisition of PCF. The filling filing stated: “Somers Limited, a financial services investment holding company, announces that on 28 June 2018, it acquired 94,548,324 shares in PCF from its wholly owned subsidiary... Read more of this article
Drysdale To Manage Rosewood Tennis Program
Rosewood Bermuda announced a partnership with Cliff Drysdale Tennis, with the company set to “manage Rosewood Bermuda’s tennis facilities and reimagine the resort’s tennis program.” “The resort’s comprehensive renovation was an opportunity for us to enhance every aspect of the resort experience, and we are excited to be partnering... Read more of this article
Bermuda Stock Exchange Report: June 29 2018
June 29 saw 61,237 shares trade on the Bermuda Stock Exchange, valued at $941,703.29 BD. 50,000 shares were traded by BF&M Ltd closing up 0.8% at $17.90 per share, while another 10,051 shares were traded by Argus Group Holdings Ltd, closing up 2.6% at $4.00 per share. 980 shares were traded by Bermuda Aviation Services Ltd, closing down 20.0%... Read more of this article
Premier: New Class Of Bank For FinTech
“The Banks and Deposit Companies Act 1999 will be amended to allow for a new class of bank that will provide banking services to Bermuda based FinTech companies,” Premier and Minister of Finance David Burt said. Speaking in the House of Assembly today [June 29], the Premier said, “The‘ICO Bill’ and the Digital Asset Business Act,... Read more of this article
Mall Reid St Entrance Re-Opens After Upgrade
One of the entrances to the Washington Mall is set to re-open after a major revamp. The entrance at 9 Reid Street was closed earlier this year for the work which has seen the ceiling raised by almost three feet, new tiles put down and floor to ceiling windows installed – making the entrance much brighter. Lisa Summers, Deputy General Manager, Washington... Read more of this article
Validus Appoint Eells As Chief Operating Officer
Validus Specialty Underwriting Services announced the appointment of Bob Eells as Senior Vice President and Chief Operating Officer of Validus Specialty, Western World and Crop Risk Services. Mr. Eells will report to Chief Executive Officer Jonathan Ritz and be a member of the organization’s leadership team. Among his key responsibilities will be... Read more of this article
Bermuda Stock Exchange Report: June 28 2018
June 28 saw 20,323 shares trade on the Bermuda Stock Exchange, valued at $85,047.95 BD. 19,779 shares were traded by Argus Group Holdings Ltd, closing up 2.6% at $3.90 per share, while another 544 shares were traded by Somers Limited, closing even at $15.25 per share. The BSX finished at 2,650.42, up 0.08% on the day. There was 1 advance, 0 declines,... Read more of this article
Are You A Student With A Great Business Idea?
The BEDC is launching its first Summer Student Entrepreneur Programme [SSEP] which will see ten students selected to take part in the eight week programme which will provide students between the ages of 16 and 25 with the “resources and support to create and sustain their own business enterprises.” Noting they “received overwhelming... Read more of this article
BFIS Student Scholars Heading To London
For the 10th year, BFIS is sending a team of students to experience the London insurance market through their ‘Intro to Insurance Programme’. This year’s students, Ciara Burrows, Zachary Friesen, Kimika Jackson and Daniel Oatley are all BFIS Scholars, with Ciara in her final co-op year of Law and Economics at Waterloo University; Zachary just... Read more of this article
