Hashtag: #BermudaBusiness
AXIS Appoints Barbara Yastine To Board
AXIS Capital Holdings announced that Barbara A. Yastine has been appointed to the Company’s Board of Directors, effective July 1, 2018. A respected leader in the financial services and risk management sectors, Ms. Yastine was previously the CEO at Ally Bank and also served in the CFO role at Credit Suisse First Boston and in Citigroup’s Global... Read more of this article
Bermuda Stock Exchange Report: June 27 2018
June 27 saw 14,261 shares trade on the Bermuda Stock Exchange, valued at $335,034.25 BD. 5,433 shares were traded by Bank of N.T. Butterfield Ltd, closing down 3.2% at $46.00 per share, while another 4,700 shares were traded by Argus Group Holdings Ltd, closing even at $3.80 per share. 3,928 shares were traded by Ascendant Group Limited, closing at... Read more of this article
WiRe Announces Three Officer Appointments
Women in Reinsurance [WiRe], the organization for women working in the Bermuda reinsurance sector, today [June 27] announced three officer appointments. A spokesperson said, “The appointments include Head of Events Committee – Rachael Afford, Vice President, Specialty Reinsurance, Allied World; Secretary – Joelina Redden, General Counsel,... Read more of this article
Five Local Vendors Heading To New York
Minister of Economic Development and Tourism Jamahl Simmons today [June 27] offered an official send-off to five local vendors selected as the winners of the inaugural Vend 2 Win Competition. Hosted by the Bermuda Economic Development Corporation [BEDC], the competition will give a handful of Bermudian vendors the chance to travel to New York City,... Read more of this article
Argus Sells Private Placement Life Business
The Argus Group today [June 27] announced the sale of its private placement life business, which includes Argus International Life Bermuda Limited and its subsidiaries, Argus International Life Insurance Limited, and Bermuda Life Worldwide Limited, to Advantage Insurance Inc., a specialty private placement life insurance company. The transaction is... Read more of this article
Contracts Awarded For New Passenger Terminal
Three Bermuda companies and three overseas companies have been awarded contracts to work on the new passenger terminal building, Skyport said today. Local companies Greymane Contracting, Correia Construction, and Sea Link Construction have been awarded contracts, along with Foursite Drywall of Canada, Apex Industries of Canada, and Fish Construction... Read more of this article
Bermuda Stock Exchange Report: June 26 2018
June 26 saw 1,600 shares trade on the Bermuda Stock Exchange, valued at $28,800.00 BD. 1,600 shares were traded by BF&M Ltd, closing up 1.4% at $18.00 per share. The BSX finished at 2,717.80, up 0.07% on the day. There was 1 advance, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Altmaier, Consedine, Enoizi To Speak At Forum
Two senior American insurance regulatory leaders and the CEO of the UK government-backed terrorism reinsurer will be keynote speakers at a 25th anniversary leadership forum hosted next month by the Association of Bermuda Insurers & Reinsurers [ABIR]. They join Bermuda Premier David Burt and former Premier Sir John Swan among a slate of high-profile... Read more of this article
KPMG Staff Members Help ‘Make A Difference’
On Friday, June 22nd, KPMG in Bermuda closed its doors for half a day enabling over 120 staff members to participate in the firm’s annual Make a Difference Day [MaDD]. This year, KPMG supported The Bermuda National Trust’s historic property, Verdmont, and The Bermuda Zoological Society’s “Living Classroom” on Trunk Island. At Verdmont, two... Read more of this article
Newstead Belmont Hills Now Accepts Bitcoin
Newstead Belmont Hills is now accepting Bitcoin, launching an app-based payment system at its front desk which allows guests to pay with a scan of a unique barcode using the camera on their smartphone. Larry Doyle, owner of Newstead Belmont Hills, said, “We see Bitcoin and other cryptocurrencies becoming another mainstream way that people will... Read more of this article
AOG Appoints Ballard As Chief Financial Officer
In a filing with the Bermuda Stock Exchange, American Overseas Group Limited [AOG] announced that Ron Ballard has been appointed Chief Financial Officer. The filing stated that “Ron Ballard has been appointed Chief Financial Officer of the Company effective as of June 19, 2018. Mr. Ballard has 25 years of experience in the P&C insurance industry... Read more of this article
Bermuda Stock Exchange Report: June 25 2018
June 25 saw 13,100 shares trade on the Bermuda Stock Exchange, valued at $147,740.00 BD. 7,400 shares were traded by Ascendant Group Limited, closing even at $16.00 per share, while another 5,100 shares were traded by Argus Group Holdings Ltd, closing down 1.3% at $3.80 per share. 400 shares were traded by BF&M Ltd, closing up 3.8% at $17.75... Read more of this article
