Hashtag: #BermudaBusiness
BF&M Reports First Quarter Earnings Of $3.1M
BF&M Limited today reported shareholders’ net income for the three months ended 31 st March 2018 of $3.1 million. Shareholders’ net income for the comparative three month period of 2017 was $6.0 million. President and CEO John Wight stated: “BF&M reported solid earnings for the first quarter of 2018, after one of the most challenging years... Read more of this article
Nearly 100 Computers Donated To Local Schools
Athene Life Re Ltd., a subsidiary of Athene Holding Ltd., has donated nearly 100 laptops to 18 public schools through an initiative called “Computers for a Better Education.” The laptops are scheduled to be sent to eight primary schools and 10 preschools. Isaiah Furbert, Denali Hill, Michelle Scott Outerbridge [Athene], Chip Gillis [Athene], Tanya... Read more of this article
Neil Lee-Amies Joins Hamilton Underwriting
Hamilton Underwriting Limited, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Neil Lee-Amies has joined the agency as Head of Treaty. Mr Lee-Amies reports to Active Underwriter Miles Osorio. Mr. Osorio and Adrian Daws succeeded Trevor Carvey as Active Underwriter following Mr. Carvey’s... Read more of this article
Bermuda Stock Exchange Report: June 19 2018
June 19 saw 1,700 shares trade on the Bermuda Stock Exchange, valued at $24,545.00 BD. 1,500 shares were traded by Ascendant Group Limited, closing even at $15.85 per share, while another 200 shares were traded by Argus Group Holdings Ltd, closing down 1.3% at $3.85 per share. The BSX finished at 2,721.77, down 0.04% on the day. There were 0 advances,... Read more of this article
Usain Bolt To Visit Bermuda Next Tuesday
Digicel confirmed that superstar sprinter Usain Bolt — who is ‘Digicel’s Chief Speed Officer’ — will be visiting Bermuda next Tuesday [June 26] where he will appear in the Digicel store and also meet with school students at the National Stadium. “In 2004 Usain Bolt set his first world record at the CARIFTA Games in... Read more of this article
Clarien Bank Net Profit Increases To $3.9M
Clarien Bank Limited announced a net profit for the year ended December 31, 2017 of $3.9m – a 220% increase over the previous 12 months. The bank said, “During 2017, Clarien continued to make significant investments in expanding its product portfolio, enhancing operational efficiencies and maintaining disciplined expense management while pursuing... Read more of this article
Hill To Provide New Water Treatment Services
Local entrepreneur Ananda Hill has founded a new company Aqua Care Ltd, which aims to provide a water treatment service that “gets rid of biofilm, bacteria, viruses, and spores from tanks and wells while keeping water safe to drink.” “Aqua Care Ltd can provide bacteria testing and treatment services by appointment or by subscription... Read more of this article
Kara Swisher To Speak At Convergence 2018
ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2018, announced that Kara Swisher, Executive Editor of the Recode Decode Podcast and Co-Executive Producer of the Code Conference, will be one of the event’s keynote speakers. Before co-founding Recode and Code, Swisher co-produced and co-hosted The Wall Street Journal’s technology conference,... Read more of this article
A.M. Best Revise PartnerRe Outlooks To Positive
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” for most of the operating subsidiaries of Bermuda-based PartnerRe Ltd. A statement from the ratings agency said, “Concurrently, A.M. Best has upgraded the... Read more of this article
Sompo’s Transaction Risk Insurance In Europe
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that the company’s European Specialty platform has introduced a new Transaction Risk insurance line of business, expanding its Professional Lines insurance offerings in Europe. This new business targets parties on either side... Read more of this article
Watford Holding Exploring ‘Potential Avenues’
Watford Holdings Ltd confirmed it is “currently exploring potential avenues toward becoming a registered, publicly-traded company.” “No decisions have been taken at this point on the structure or timing of any such action, and no assurance can be given that such an action will be pursued,” the company said. Watford Re Ltd. is... Read more of this article
BMA Licensing Specialists To Speak At BII Event
Specialists from the Bermuda Monetary Authority will speak at a lunch and learn session examining the Insurance Licensing and Advisory Committee [ILAC] registration requirements for all classes of insurance entities. Organised by the Bermuda Insurance Institute [BII] and sponsored by EY and Conyers Dill & Pearman, it is aimed primarily at insurance... Read more of this article
