Business http://www.royalgazette.com Business en-us LNG bridge to renewable energy economy The best fuel option for power plants and ship propulsion during the next 25 to 40 years is liquefied natural gas, according to Jens Alers. The wind of change for power production is becoming evident in Bermuda. In its Integrated Resource Plan Proposal, Belco evaluated natural gas as the top principal fuel option for the islands power. .. http://www.royalgazette.com/business/article/20180524/lng-bridge-to-renewable-energy-economy&source=RSS Thu, 24 May 2018 08:00:00 EST http://www.royalgazette.com/business/article/20180524/lng-bridge-to-renewable-energy-economy&source=RSS PwC partners with the FT on insurance summit PwC Bermuda is partnering with the ltigtFinancial Times ltigt to host a major insurance conference in November. The involvement of one of the worlds leading business publications with the conference reflects well on the islands standing as a centre of business and innovation, Arthur Wightman, PwC Bermuda leader, said. The. .. http://www.royalgazette.com/business/article/20180524/pwc-partners-with-ft-on-insurance-summit&source=RSS Thu, 24 May 2018 08:00:00 EST http://www.royalgazette.com/business/article/20180524/pwc-partners-with-ft-on-insurance-summit&source=RSS Taylors a firm to watch says IFLR Bermudian-based law firm Taylors, in association with Walkers, has been included in ltigtInternational Financial Law Reviewltigts Firms to Watch listing. It is one of 43 international law firms included in the supplement, which is a spin-off from the ltigtIFLR1000ltigt, a guide to the worlds leading financial law. .. http://www.royalgazette.com/local-business/article/20180524/taylors-firm-to-watch-says-iflr&source=RSS Thu, 24 May 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180524/taylors-firm-to-watch-says-iflr&source=RSS Severe weather to generate 2.5bn in claims About 2. 5 billion in insurance claims will emerge after a spell of severe weather in parts of the US, says catastrophe modelling firm Karen Clark amp Co. The estimate relates to damage to residential and commercial properties and automobiles from a spell of tornadoes, hail and strong winds between May 11 and 16. KCC estimates. .. http://www.royalgazette.com/re-insurance/article/20180524/severe-weather-to-generate-25bn-in-claims&source=RSS Thu, 24 May 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180524/severe-weather-to-generate-25bn-in-claims&source=RSS Water park is back with a splash The X20 Adventures Ltd water park is back in time for the Bermuda Day holiday. The attraction reopens on Friday to begin its second summer of fun. X20 Adventures is a floating obstacle course and water park with slides and towers. It is located at Daniels Head Beach Park, the former location of 9 Beaches, in Sandys. Team X2o. .. http://www.royalgazette.com/local-business/article/20180523/water-park-is-back-with-splash&source=RSS Wed, 23 May 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180523/water-park-is-back-with-splash&source=RSS Focusing on tip-top health for executives An executive health services programme aimed at busy business leaders, and others, who would benefit from having a consolidated and comprehensive health screening, has been explained by a visiting team from Massachusetts General Hospital. The benefits include saving time by having, where appropriate, access to multiple specialists and. .. http://www.royalgazette.com/business/article/20180523/focusing-on-tip-top-health-for-executives&source=RSS Wed, 23 May 2018 08:00:00 EST http://www.royalgazette.com/business/article/20180523/focusing-on-tip-top-health-for-executives&source=RSS BFM shares up 5.8 Shares of BFampM Ltd were up 99 cents, or 5. 8 per cent, at 17. 99 after 4,500 were traded on The Royal GazetteBSX Index. There was also trading in 15,045 shares of Ascendant Group Limited, but with no change to the closing price of 15, while 2,500 shares of Argus Group Holdings Ltd were exchanged, without affecting the closing price. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180523/bfandm-shares-up-58&source=RSS Wed, 23 May 2018 17:44:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180523/bfandm-shares-up-58&source=RSS Crypto firm Omega One to open Bermuda office Omega One, an agency brokerage for cryptocurrencies, will open an office in Bermuda and has agreed to hire at least 20 Bermudians over the next three years. The New York-based company will also donate 10 per cent of a planned token sale to philanthropic causes, with 10 per cent of that allocation going to sports and community clubs in. .. http://www.royalgazette.com/international-business/article/20180521/crypto-firm-omega-one-to-open-bermuda-office&source=RSS Tue, 22 May 2018 08:00:00 EST http://www.royalgazette.com/international-business/article/20180521/crypto-firm-omega-one-to-open-bermuda-office&source=RSS Energy sector experts join Ascendant board An energy sector executive who is responsible for one of the largest electric transmission networks in the northeast of the US has joined the board of Ascendant Group Limited, the parent company of Belco. Rudolph Wynter is one of two new appointments to the board, the other is Anne Cleary who has experience of mergers and acquisitions,. .. http://www.royalgazette.com/local-business/article/20180522/energy-sector-experts-join-ascendant-board&source=RSS Tue, 22 May 2018 18:05:00 EST http://www.royalgazette.com/local-business/article/20180522/energy-sector-experts-join-ascendant-board&source=RSS Ascot builds up US platform Bermudian-based Ascot Group Ltd has acquired two parts of Greyhawk Insurance in run-off with the aim of increasing its access to the US insurance market. The groups US subsidiary, Ascot US Holding Corporation, will acquire Greyhawk Insurance Company and its wholly owned subsidiary Greyhawk Specialty Insurance Company. The Greyhawk. .. http://www.royalgazette.com/re-insurance/article/20180522/ascot-builds-up-us-platform&source=RSS Tue, 22 May 2018 09:30:00 EST http://www.royalgazette.com/re-insurance/article/20180522/ascot-builds-up-us-platform&source=RSS BFM board appoints former Montpelier CEO Christopher Harris, the former chief executive officer of Montpelier Re, has joined BFampM Ltds board of directors. The Bermudian-based insurance group said Mr Harris would replace Stephen Kempe on the board, who is retiring after 25 years. Mr Harris, who has more than 25 years of experience in the insurance and reinsurance. .. http://www.royalgazette.com/re-insurance/article/20180522/bfandm-board-appoints-former-montpelier-ceo&source=RSS Tue, 22 May 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180522/bfandm-board-appoints-former-montpelier-ceo&source=RSS Ascendant shares surge 14.5 Shares of Ascendant Group, the parent company of Belco, improved by 1. 90, or 14. 5 per cent, to 15 after 28,500 were traded on The Royal GazetteBSX Index. Since the beginning of the week the companys share price has improved by 25 per cent. It rose by 1. 10 on Monday. Another improver was BFampM Ltd, which saw its share price rise. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180522/ascendant-shares-surge-145&source=RSS Tue, 22 May 2018 18:08:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180522/ascendant-shares-surge-145&source=RSS Butterfield offers new 5.25 subordinated notes Butterfield Bank has made 75 million of subordinated notes available to investors. The 5. 25 per cent fixed to floating rate subordinated notes have a maturity date of June 1, 2028. The proceeds from the offering will be used to repay a portion of the banks outstanding indebtedness, specifically its outstanding 5. 15 per cent. .. http://www.royalgazette.com/business/article/20180522/butterfield-offers-new-525-subordinated-notes&source=RSS Tue, 22 May 2018 13:07:00 EST http://www.royalgazette.com/business/article/20180522/butterfield-offers-new-525-subordinated-notes&source=RSS Rohrmann to lead Axis investor relations Axis Capital Holdings Ltd has named Matthew Rohrmann as its new head of investor relations. He succeeds Linda Ventresca in the role. Ms Ventresca will now focus on her role as chief transformation officer, overseeing the Bermudian-based insurer and reinsurers enterprise-wide transformation programme. Axis said Mr Rohrmann will. .. http://www.royalgazette.com/re-insurance/article/20180522/rohrmann-to-lead-axis-investor-relations&source=RSS Tue, 22 May 2018 10:45:00 EST http://www.royalgazette.com/re-insurance/article/20180522/rohrmann-to-lead-axis-investor-relations&source=RSS Technology tops insurance leaders concerns Upgrading technology is the number one concern for insurance and reinsurance executives, a survey found. AdvantageGo, a range of software products for the insurance industry from NIIT Technologies, surveyed 30 C-suite insurance and reinsurance professionals from London, Bermuda, North America and Switzerland. The top five concerns. .. http://www.royalgazette.com/re-insurance/article/20180521/technology-tops-insurance-leaders-concerns&source=RSS Tue, 22 May 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180521/technology-tops-insurance-leaders-concerns&source=RSS Triton to host investor meeting in New York Triton International Ltd will host an investor and analyst meeting in New York City on May 31. The Bermudian-registered company is the worlds largest lessor of intermodal freight containers. This month the company reported first quarter adjusted net income of 79. 8 million, or 99 cents per share, an increase of 17 per cent on the same. .. http://www.royalgazette.com/international-business/article/20180522/triton-to-host-investor-meeting-in-new-york&source=RSS Tue, 22 May 2018 08:00:00 EST http://www.royalgazette.com/international-business/article/20180522/triton-to-host-investor-meeting-in-new-york&source=RSS SwitchWorx celebrates its 20-year evolution SwitchWorx has been in business for 20 years a long time in the fast-changing world of information technology. The company has had to evolve with the developing demands of its customers over the two decades in order to survive and thrive. SwitchWorx, which is based in the SE Pearman Building on Par-la-Ville Road, started off. .. http://www.royalgazette.com/local-business/article/20180521/switchworx-celebrates-its-20-year-evolution&source=RSS Mon, 21 May 2018 08:00:00 EST http://www.royalgazette.com/local-business/article/20180521/switchworx-celebrates-its-20-year-evolution&source=RSS Webber steps down as BDA CEO Ross Webber has stepped down as chief executive of the Bermuda Business Development Agency. The BDA announced today that Mr Webber left his position last Thursday but will continue to work with the agency in a consultancy role through the transition to new leadership. Sean Moran, the agencys head of business development, will. .. http://www.royalgazette.com/business/article/20180521/webber-steps-down-as-bda-ceo&source=RSS Mon, 21 May 2018 10:13:00 EST http://www.royalgazette.com/business/article/20180521/webber-steps-down-as-bda-ceo&source=RSS ILS market thrives amid growing competition Bermudas insurance-linked securities sector is continuing to boom after a year in which it was tested by significant hurricane losses. The Bermuda Stock Exchange ended April with total ILS market capitalisation of 28 billion, a record high for the exchange. In the opening four months of this year, new ILS with a value of 4. 8. .. http://www.royalgazette.com/re-insurance/article/20180521/ils-market-thrives-amid-growing-competition&source=RSS Mon, 21 May 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180521/ils-market-thrives-amid-growing-competition&source=RSS Guy Carpenter promotes Rowntree Estis Bermudian Jenni Rowntree Estis has been promoted by Guy Carpenter to the role of head of operations, senior vice-president, broking. In this new role, Mrs Rowntree Estis will oversee IT, human resources, finance and client administration services at the company and maintain administration, monitoring, reporting, communication and liaison. .. http://www.royalgazette.com/re-insurance/article/20180521/guy-carpenter-promotes-rowntree-estis&source=RSS Mon, 21 May 2018 12:09:00 EST http://www.royalgazette.com/re-insurance/article/20180521/guy-carpenter-promotes-rowntree-estis&source=RSS BFIS summer intern programme under way The annual BFIS Bermuda Summer Intern programme, now in its seventeenth year, commenced this week for six undergraduate students who will spend the next three weeks learning about how the Bermuda insurance industry works, the myriad careers and different areas of insurance. The students will be visiting 30 insurance, reinsurance companies and. .. http://www.royalgazette.com/business/article/20180521/bfis-summer-intern-programme-under-way&source=RSS Mon, 21 May 2018 17:15:00 EST http://www.royalgazette.com/business/article/20180521/bfis-summer-intern-programme-under-way&source=RSS BII promotes fair opportunities for women A year-long series of events aimed at promoting the professional development of women in the insurance and reinsurance sectors will kick off later this month. When he was appointed to his role as chief executive officer of the Bermuda Insurance Industry, Malcolm Butterfield promised to pursue the issue in order to try and find specific. .. http://www.royalgazette.com/re-insurance/article/20180521/bii-promotes-fair-opportunities-for-women&source=RSS Mon, 21 May 2018 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20180521/bii-promotes-fair-opportunities-for-women&source=RSS Ascendant shares up 9.2 Shares of Ascendant Group rose 1. 10, or 9. 2 per cent, to 14. 95 after 418 traded on The Royal GazetteBSX Index. Also improving was Argus Group Holdings, up seven cents, or 1. 8 per cent, at 3. 92 after 8,200 shares were exchanged. Meanwhile, Butterfield Bank was up 75 cents, or 1. 6 per cent, at 48. 50 after 1,480 shares changed. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20180521/ascendant-shares-up-92&source=RSS Mon, 21 May 2018 19:00:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20180521/ascendant-shares-up-92&source=RSS Obama stresses importance of values Barack Obama stressed the importance of values and shared many of the principles that served him during his political career at a human resources conference in San Diego. Speaking to an audience of more than 11,000 delegates at the Association for Talent Development Conference, the former US president also told of how leaders can benefit. .. http://www.royalgazette.com/business/article/20180521/obama-stresses-importance-of-values&source=RSS Mon, 21 May 2018 08:00:00 EST http://www.royalgazette.com/business/article/20180521/obama-stresses-importance-of-values&source=RSS