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The Royal Gazette/BSX Index closed unchanged at 1,348.16.
The sole trading of the day was in the Bank of Butterfield, which closed unchanged at $19.40 after 1,070 shares moved.
The BSX Insurance Index ended the day down 31.95 points or 1.8 per cent a...
DATE: Sep 09, 2016
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CATEGORY:
Bermuda Stock Exchange
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A total of $31 billion was held by 102 ultra-high-net-worth individuals living in Bermuda in 2014.
That is one of the facts included in a new booklet that highlights Bermuda’s attractiveness to the trust industry and wealthy clients.
The trust indus...
DATE: Sep 08, 2016
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Registration has opened for a three-day festival to promote and support greater diversity and inclusiveness in the insurance sector. It will be held in Bermuda later this month.
The Dive In Festival is a global initiative with more than 45 events tak...
DATE: Sep 08, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
Organisers of the ILS Bermuda Convergence 2016 have named Vincent Dowling as one of the event’s two keynote speakers.
Mr Dowling is well-known in the insurance and reinsurance sector.
He is widely sought after for his valuable insight and industry ex...
DATE: Sep 08, 2016
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CATEGORY:
Reinsurance
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Belco’s decision to reduce the amount paid to solar power producers who put electricity back into the grid will effectively stop average customers subsidising wealthier ones.
That is the view of Walter Higgins, the power utility’s chief executive off...
DATE: Sep 08, 2016
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CATEGORY:
Local Business
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Clients frequently spend a lot of time considering their estate plans — and that is particularly the case when it comes to their Wills. They plan meticulously, and their Will is clear about who gets the house and the major assets.
However, they give ...
DATE: Sep 08, 2016
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CATEGORY:
Other
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The Royal Gazette/BSX Index closed unchanged at 1,348.16.
The sole trading of the day was in utilities firm Ascendant, which also close unchanged at $5.75 after 4,200 shares changed hands.
The BSX Insurance Index ended the day down 14.35 points, or 0...
DATE: Sep 08, 2016
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CATEGORY:
Bermuda Stock Exchange
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PartnerRe has become the first Bermuda insurer and reinsurer to make an issuance in the euro-denominated bond market.
And investors were clamouring to get their hands on the notes, easily outmatching their availability.
PartnerRe has priced, through ...
DATE: Sep 08, 2016
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CATEGORY:
Reinsurance
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Butterfield Bank is planning to raise about $250 million through an offering of 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange.
In a registration document filed with the US Securities and Ex...
DATE: Sep 07, 2016
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Industry experts are to speak at a major international conference for the life and annuity industry.
Organised by the Bermuda International Long Term Insurers and Reinsurers, the conference will look at key trends and policies affecting the sector.
A...
DATE: Sep 07, 2016
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor