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Shares of BF&M Ltd fell 1.2 per cent in Bermuda Stock Exchange trading yesterday.
The insurer fell 19 cents to $16.06 as 2,225 shares changed hands.
The only other stock to trade was Butterfield Bank, which remained unchanged on $33 as 205 shares wer...
DATE: Jan 17, 2019
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Business Staff
An entire floor at Washington Mall has been converted into a range of different sized units to help cater to the demands of businesses looking to rent smaller offices.
With pressure on registered companies in Bermuda to show economic substance, the o...
DATE: Jan 17, 2019
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Bermuda will be represented at the 28th World Captive Forum at the end of the month.
The event takes place in Miami on January 31 and February 1.
Members of the Bermuda Business Development Agency and representatives of the industry will be present a...
DATE: Jan 17, 2019
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Argo Group has estimated preliminary pre-tax catastrophe losses of $32 million for the fourth quarter.
The losses are primarily related to Hurricane Michael and the California wildfires. Additionally, the Bermudian-based company’s fourth-quarter resu...
DATE: Jan 17, 2019
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
A total of 7,100 shares of BF&M Ltd were traded on The Royal Gazette/BSX Index, but there was no change to the closing price of $16.06.
Also changing hands were 3,000 shares of One Communications Ltd, which remained at $3.
The Royal Gazette/BSX Index...
DATE: Jan 17, 2019
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Business Staff
An integrated online payments service that allows businesses to accept and manage payments with the most modern credit card technology is to be launched today by Powertranz Ltd.
The young Bermudian company partnered with First Atlantic Commerce to la...
DATE: Jan 15, 2019
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Willis Towers Watson Management (Bermuda) Ltd has hired Steve Arrowsmith as executive vice-president and head of client services.
Mr Arrowsmith was previously executive chairman of JLT Insurance Management (Bermuda) Ltd and in his new role will be re...
DATE: Jan 15, 2019
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Shares of Somers Ltd gained nearly 5 per cent in Bermuda Stock Exchange trading yesterday.
The financial-services investment company, which owns Bermuda Commercial Bank, rose 75 cents, or 4.9 per cent, as 100 shares changed hands. Somers was the only...
DATE: Jan 15, 2019
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Business Staff
Preliminary results of the island’s assessment by the Caribbean Financial Action Task Force, have been discussed by the Financial Policy Council, which is headed by Curtis Dickinson, Minister of Finance.
The CFATF assessed the island’s anti-money leg...
DATE: Jan 15, 2019
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CATEGORY:
Other
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AUTHOR:
Business Staff
Shares of Butterfield Bank were up 38 cents, or 1.17 per cent, at $32.85 on the New York Stock Exchange.
On The Royal Gazette/BSX Index there were no trades. The index was unchanged at 2,052.86 points, while the BSX Insurance Index was up 19.85 point...
DATE: Jan 15, 2019
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Business Staff