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Bermuda Stock Exchange Report: May 4 2020

By bernews.com
Published On :: Tue, 05 May 2020 09:15:57 +0000

May 4 saw 2,500 shares trade on the Bermuda Stock Exchange, valued at $75,625.00 BD. 2,500 shares were traded by Ascendant Group Limited, closing up 0.8% at $30.25 per share. The BSX finished at 1,653.79, up 0.15% on the day. There was 1 advance, 0 declines, and 59 remained unchanged. The full report for the […]

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BELCO Office Hours, Bill Deferment Programme

By bernews.com
Published On :: Tue, 05 May 2020 13:28:42 +0000

BELCO announced that its head office on Serpentine Road will be open Monday to Friday from 8.30am to 3.00pm for bill payments, and their bill deferment programme is still in effect. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today announced that its head office at 27 Serpentine Road will be open Monday to Friday […]

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Ministry Of Finance Operations As Of May 4

By bernews.com
Published On :: Tue, 05 May 2020 20:32:25 +0000

The Ministry of Finance is advising the public of the current resumption of services and hours of operation for the Office of the Tax Commissioner, the Accountant General’s Office, the Department of Social Insurance and the Registrar of Companies. A Government spokesperson said, “The Office of the Tax Commissioner will have limited staff, on rotation, […]

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Ascendant Group Announces 1st Quarter Results

By bernews.com
Published On :: Tue, 05 May 2020 20:36:01 +0000

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited’s announced results for the first three months of 2020. The full filing stated: “Ascendant Group Limited, a publicly traded provider of energy and energy-related services, today announced results for the first quarter of 2020, with core earnings of $4.1 million, or $0.42/share, compared […]

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Bermuda Stock Exchange Report: May 5 2020

By bernews.com
Published On :: Wed, 06 May 2020 09:15:14 +0000

May 5 saw 733 shares trade on the Bermuda Stock Exchange, valued at $12,466.30 BD. 333 shares were traded by Bermuda Aviation Services Ltd, closing up 8.9% at $1.10 per share, while another 400 shares were traded by Ascendant Group Limited, closing even at $30.25 per share. The BSX finished at 1,654.21, up 0.03% on […]

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Arch Capital Reports 2020 First Quarter Results

By bernews.com
Published On :: Wed, 06 May 2020 09:46:59 +0000

Bermuda-based Arch Capital Group Ltd. announced its 2020 first quarter results. The results included: Net income available to Arch common shareholders of $133.7 million, or $0.32 per share, a 5.0% annualized return on average common equity, compared to $438.1 million, or $1.07 per share, for the 2019 first quarter; After-tax operating income available to Arch […]

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AXIS Capital Reports First Quarter Results

By bernews.com
Published On :: Wed, 06 May 2020 09:52:45 +0000

AXIS Capital Holdings Limited announced financial results for the first quarter ended March 31, 2020. Commenting on the first quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “As our industry and society continue to navigate the challenges brought on by COVID-19, our primary thoughts are with the people, families and […]

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Importers Reminded To Collect Cargo From Docks

By bernews.com
Published On :: Wed, 06 May 2020 14:11:09 +0000

Stevedoring Services Limited [SSL] is reminding importers that cargo should be collected from the Hamilton Docks as soon as possible. A spokesperson said, “Stevedoring Services Limited would like to remind all importers [independent and agent representatives] that cargo should be collected from the Hamilton Docks as soon as possible. “Demurrage [storage fees] is in effect. […]

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Douglas Joins Forbes Communications Council

By bernews.com
Published On :: Wed, 06 May 2020 16:35:37 +0000

Jamari Douglas, Marketing Director at the Bermuda Business Development Agency, has been accepted into Forbes Communications Council, an invitation-only community for executives in communications, marketing, and public relations. Jamari Douglas was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of […]

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Police Service: ‘We All Need To Do Our Part’

By bernews.com
Published On :: Wed, 06 May 2020 16:41:49 +0000

The Bermuda Police Service is urging businesses and patrons to abide by the new regulations in the area of physical distancing and wearing of protective face-masks when shopping. A police spokesperson said, “The Bermuda Police Service has partnered with the Chamber of Commerce to work on ways to help patrons and owners at reopened businesses, […]

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MarketPlace Offer 5% Discount For FA Recipients

By bernews.com
Published On :: Wed, 06 May 2020 20:29:26 +0000

[Updated] MarketPlace announced a “daily 5% discount for recipients of financial assistance for six months to support them through the challenging times ahead.” A spokesperson said, “The new daily 5% discount offering, which comes into effect from Thursday, May 7, is our way of continuing to support our community members who need it most. “The […]

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One Communications April Share Repurchases

By bernews.com
Published On :: Thu, 07 May 2020 09:14:22 +0000

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of April 2020 the company repurchased 99,000 of its common shares at an average price of $4.00 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share Repurchase One Communications […]

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Bermuda Stock Exchange Report: May 6 2020

By bernews.com
Published On :: Thu, 07 May 2020 09:15:54 +0000

May 6 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $172,050.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.0% at $20.00 per share, while another 4,700 shares were traded by Ascendant Group Limited, closing up 12.2% at $33.95 per share. 300 shares were traded by One […]

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PartnerRe Dividends On Preferred Shares

By bernews.com
Published On :: Thu, 07 May 2020 09:19:19 +0000

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2020 – May 31, 2020, of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 per share on […]

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Assured Guaranty Declares $0.20 Dividend

By bernews.com
Published On :: Thu, 07 May 2020 09:27:52 +0000

Assured Guaranty Ltd. today declared a quarterly dividend of $0.20 per common share. The dividend is payable on June 3, 2020 to shareholders of record at the close of business on May 20, 2020. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the […]

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Monument Re Donates $120,000 To BCF

By bernews.com
Published On :: Thu, 07 May 2020 10:00:55 +0000

Monument Re has donated $120,000 to the Bermuda Community Foundation’s [BCF] Emergency Fund, with contributions from individual staff members matched by the company. A spokesperson said, “Monument Re announced today that the company is donating $120,000 to the Bermuda Community Foundation’s Emergency Fund. “The donation represents contributions from the company together with generous contributions from […]

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RenaissanceRe Reports First Quarter Results

By bernews.com
Published On :: Thu, 07 May 2020 10:18:17 +0000

RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available to RenaissanceRe common shareholders […]

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HID: Walk-In Customers For Certain Services

By bernews.com
Published On :: Thu, 07 May 2020 10:49:59 +0000

The Health Insurance Department [HID] is “accepting walk-in customers for cash premium payments as well as new enrollment applications only,” and all walk-in customers must wear masks. A government spokesperson said, “The HID office is staffed with a reduced complement of employees to facilitate walk-in customers. “HID is located at 48 Church Street Sophia House […]

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‘One-Time Withdrawal Of Up To $12,000'

By bernews.com
Published On :: Thu, 07 May 2020 13:00:57 +0000

“We will expand the scope of existing provisions for financial hardship to include a one-time withdrawal of up to $12,000, from person’s individual pension accounts,” Premier David Burt said. Speaking at last night’s [May 6] press briefing, Premier Burt said, “On Friday, the House of Assembly will meet to pass legislation that will provide further […]

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Swizzle South Shore To Cease Operations

By bernews.com
Published On :: Thu, 07 May 2020 13:13:48 +0000

The Swizzle South Shore in Warwick will “permanently cease operations,” the owner confirmed today, explaining that “the crippling effects of the Covid-19 virus and the subsequent contraction of the local economy for many months to come, it was clear that to continue on would only bring mounting debt.” Jay Correia said, “It is with great […]

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Cosmic Launches Online Shopping Directory

By bernews.com
Published On :: Thu, 07 May 2020 14:53:31 +0000

In an effort to help the community navigate changing shopping landscape during the Covid-19 pandemic, Cosmic Ltd recently launched ShopSafe.bm, a free online resource that “allows businesses to input their new store hours while indicating how customers can purchase goods or services.” A spokesperson said, “As shoppers look for the safest methods of patronising their […]

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Colonial To Cover Covid-19 Antibody Testing

By bernews.com
Published On :: Thu, 07 May 2020 14:57:16 +0000

“Clients of Colonial Medical Insurance Company will be covered for Covid-19 antibody testing following an agreement with Helix Genetic and Scientific Solutions Ltd. of Hamilton,” the company announced. A Colonial spokesperson said, “The agreement, which will be operated as a pilot programme through June 30, will provide insurance cover for physician-ordered COVID-19 antibody testing for […]

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Auto Solutions Donates 5,000 Face Masks

By bernews.com
Published On :: Thu, 07 May 2020 17:33:43 +0000

Minister Wayne Caines thanked Auto Solutions after the company donated 5,000 face masks for distribution to the public. In an online post, the Bermuda Government said, “National Security Minister Wayne Caines extended his thanks to Auto Solutions’ Managing Director Glen Smith after the company donated 5,000 face masks for distribution to the public. Minister Caines: […]

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Video: ‘Taking Off’ On Impact Of Covid-19

By bernews.com
Published On :: Thu, 07 May 2020 18:21:40 +0000

After taking a hiatus due to the pandemic, Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the impact of Covid-19 in the construction of the new passenger terminal building. Speaking in the episode, Mikaela Pearman said, “As […]

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Bermuda Stock Exchange Report: May 7 2020

By bernews.com
Published On :: Fri, 08 May 2020 09:15:12 +0000

May 7 saw 1,700 shares trade on the Bermuda Stock Exchange, valued at $7,790.00 BD. 200 shares were traded by Polaris Holding Co. Ltd, closing at an even $8.95 per share, while the other 1,500 shares were traded by One Communications Ltd, closing even at $4.00 per share. The BSX finished at 1,623.80, even on […]

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RUBiS Service Stations Phase 1 Operating Hours

By bernews.com
Published On :: Fri, 08 May 2020 11:23:22 +0000

RUBiS Energy Bermuda provided information about their operating hours during the Island’s Phase 1 reopening, with select sites offering 24-hour refueling for essential service workers. RUBiS also reminds the public that surname shopping does apply to gas stations. As the island and world deals with the Covid-19 pandemic, we are doing our best to provide […]

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ZipX Donates 5,000 Face Masks To Government

By bernews.com
Published On :: Fri, 08 May 2020 11:45:52 +0000

ZipX Bermuda has donated 5,000 face masks to the Bermuda Government for the island’s frontline workers during the Covid-19 pandemic. A spokesperson said, “ZipX Bermuda has donated 5,000 face masks to the Bermuda Government for the island’s frontline workers. Additionally, they are supplying ZipX customers with complimentary individually-wrapped face masks with every package they deliver.” […]

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Huckleberry Restaurant Launches Online Store

By bernews.com
Published On :: Fri, 08 May 2020 15:25:39 +0000

Huckleberry Restaurant & Rosedon Hotel recently re-launched its curbside pick-up service with a new online storefront at HuckleberryBDA.com. A spokesperson said, “Huckleberry Restaurant & Rosedon Hotel have officially re-launched curbside pick-up service with a new web-enabled storefront at HuckleberryBDA.com. “The new website showcases six weeks of hard work by our team, who stayed on the […]

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Bermuda Stock Exchange Report: May 8 2020

By bernews.com
Published On :: Sat, 09 May 2020 09:15:14 +0000

May 8 saw 126 shares trade on the Bermuda Stock Exchange, valued at $3,886.50 BD. 126 shares were traded by Ascendant Group Limited, closing down 8.7% at $31.00 per share. The BSX finished at 1,595.35, down 1.75% on the day. There were 0 advances, 1 decline, and 59 remained unchanged. The full report for the […]

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Essent Reports Q1 Results & Declares Dividend

By bernews.com
Published On :: Sat, 09 May 2020 10:00:48 +0000

Essent Group Ltd. reported net income for the quarter ended March 31, 2020 of $149.5 million or $1.52 per diluted share, compared to $127.7 million or $1.30 per diluted share for the quarter ended March 31, 2019. Essent also announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common […]

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HSBC’s Branch Banking Hours To Change

By bernews.com
Published On :: Sat, 09 May 2020 10:33:12 +0000

As of Monday [May 11], HSBC’s Harbourview, St. Georges and Somerset branches will open on weekdays from 9.00am through 1.00pm “to provide limited banking services to the public.” A spokesperson said, “HSBC Bermuda announced today that, effective Monday 11th May, the HSBC Harbourview, St. Georges and Somerset branches will open every weekday from 9.00am through […]

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PartnerRe Reports First Quarter 2020 Results

By bernews.com
Published On :: Sat, 09 May 2020 10:47:22 +0000

Bermuda-based PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020. The company said, “PartnerRe Ltd. reported a net loss attributable to common shareholder of $433 million for the first quarter of 2020, which included net realized and unrealized investment losses of $27 million on fixed […]

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Shipping Schedule: Week Starting May 9

By bernews.com
Published On :: Sat, 09 May 2020 11:00:50 +0000

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday May 9th. On Sunday the Oleander container ship is expected, on Wednesday the Somers Isles container ship will arrive, and on Thursday the Bermuda Islander container ship is scheduled to arrive. The weekly shipping schedule, which […]

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Photos: Osprey Lands At Bermuda Airport

By bernews.com
Published On :: Fri, 24 Oct 2014 14:54:13 +0000

A visiting Osprey aircraft  – which appears to be from the United States — landed at the LF Wade International Airport at approximately 10.45am this morning [Oct 24]. What exactly it is doing here is unclear, however it is not unusual for military aircraft to stop off in Bermuda. In describing the plane, the US […]

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Photos & Video: Police Arrest Airline Passenger

By bernews.com
Published On :: Mon, 24 Nov 2014 18:55:04 +0000

[Updated with video. Police said a 25 year old man assaulted flight attendants, was forcibly taken to the rear of the aircraft where he was restrained until the flight landed in Bermuda, after which he was arrested.] A Thomas Cook airline diverted to Bermuda this afternoon [Nov 24] following what we understand to be an issue with […]

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Photos: Flight From Brazil Diverts To Bermuda

By bernews.com
Published On :: Wed, 03 Dec 2014 10:51:08 +0000

[Updated with video + official information] An American Airlines flight traveling from Rio de Janeiro, Brazil, diverted to Bermuda this morning [Dec 3], touching down at just past 6.00am. The Boeing 767-300 was heading to New York when some form of technical difficulty arose, and it was greeted by the Bermuda Fire & Rescue Service […]

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Photos & Video: RAF Aircraft Land In Bermuda

By bernews.com
Published On :: Tue, 06 Jan 2015 21:58:47 +0000

[Updated with video] Five Royal Air Force aircraft landed in cloudy and rainy conditions at the L.F.Wade International Airport at approximately 3pm this afternoon [Jan 6], with the four Typhoons and one A330-200 Voyager tanker having traveled from Lajes, Azores. The RAF website said, “This week 1 [Fighter] Squadron from RAF Lossiemouth are headed for […]

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Photos & Video: RAF Typhoons, Voyager Leave

By bernews.com
Published On :: Wed, 07 Jan 2015 18:46:26 +0000

The Royal Air Force [RAF] aircraft that arrived in Bermuda yesterday [Jan 6] left the island late this morning, while another set of aircraft touched down on the island a few hours after they departed. The four Typhoons and one A330-200 Voyager tanker traveled from Lajes, Azores and are headed for Nellis Air Force Base […]

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Photos/Video: Second RAF Aircraft Group Arrive

By bernews.com
Published On :: Fri, 09 Jan 2015 10:17:53 +0000

Another group of Royal Air Force aircraft landed at the L.F.Wade International Airport on Wednesday afternoon [Jan 7], with the four Typhoons and one A330-200 Voyager tanker having traveled from Lajes, Azores and expected to stay overnight, departing in the morning depending on weather conditions along their route. They mark the second group to land […]

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Photos & Video: RAF Aircraft Land In Bermuda

By bernews.com
Published On :: Mon, 09 Feb 2015 20:24:50 +0000

Three Royal Air Force [RAF] Tornadoes and one A330-200 Voyager tanker landed at Bermuda’s LF Wade International Airport this afternoon [Feb 9] having traveled from Lajes, Azores. The group of military aircraft are headed for a stop in Florida and then on to Nellis Air Force Base in Nevada to participate in Red Flag, which […]

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Photos & Video: Three Planes Divert To Bermuda

By bernews.com
Published On :: Tue, 17 Feb 2015 03:05:16 +0000

[Updated with third diversion] Two planes diverted to the island tonight [Feb 16] with one landing with a damaged windshield and the other with a medical emergency. At approximately 7.20pm a private plane landed after it diverted to the island with a reported damaged windshield. Bermuda Fire and Rescue Service trucks were stationed near the […]

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Photos: Plane Diverts, Two Passengers Arrested

By bernews.com
Published On :: Sun, 12 Apr 2015 17:01:38 +0000

[Updated with video] A Thomson Airways flight heading to Mexico diverted to Bermuda’s LF Wade International Airport today [April 12], and was greeted by a number of police officers, with at least half a dozen police vehicles visible on scene as of this writing. The Boeing 787-8 departed Gatwick Airport in London this morning heading to […]

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Photos: Fire Service Responds As Plane Diverts

By bernews.com
Published On :: Sat, 18 Apr 2015 19:15:51 +0000

[Updated] Emergency services responded to the airport at around 4.00pm today [April 18] to stand-by due to a private jet with 13 passengers onboard making an emergency landing due to one engine being out. According to online flight data the plane was heading to New Haven, Connecticut from the Grantley Adams Airport in Barbados when […]

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Photos & Video: RFA Lyme Bay Ship & Helicopter

By bernews.com
Published On :: Tue, 07 Jul 2015 17:18:49 +0000

[Updated] The Royal Fleet Auxiliary ship RFA Lyme Bay is presently docked in St George’s, and a helicopter from the ship took off at around 1.30pm this afternoon [July 7] and is presently flying over the island. The Royal Navy website describes the vessel by saying: “RFA Lyme Bay is capable of delivering a significant fighting […]

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Photos: Military Plane Makes Emergency Landing

By bernews.com
Published On :: Fri, 24 Jul 2015 18:17:32 +0000

[Updated with video] An AC-130 diverted to Bermuda and made an emergency landing this afternoon [July 24] due to what is understood to be an hydraulics issue. It landed at around 2.00pm, with the Bermuda Fire & Rescue Service standing by as the military plane landed. All appeared to have gone well, and military personnel […]

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Photos: FAA Plane Checking NavAid Equipment

By bernews.com
Published On :: Sat, 26 Sep 2015 21:00:10 +0000

Residents and commuters in the east end this morning [Sept 26] may have witnessed a private plane flying different patterns in the area, sometimes at lower altitudes than usual. LF Wade International Airport General Manager Aaron Adderley explained that “it’s a flight check carried out by the FAA of our NavAid equipment”. NavAid equipment [also […]

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Photos & Video: Royal Air Force Land In Bermuda

By bernews.com
Published On :: Wed, 02 Dec 2015 17:09:58 +0000

Two groups of Royal Air Force military aircraft with eight Typhoon fighter jets and two A330 Voyager Tankers landed at Bermuda’s L.F. Wade International Airport yesterday [Dec 1] having arrived from Lajes Air Base in Terceira, Azores. The group are on their way to the annual Red Flag Exercise in Las Vegas, Nevada where the […]

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Photos & Video: Airport Emergency Exercise

By bernews.com
Published On :: Mon, 07 Dec 2015 22:53:11 +0000

[Updated with video] An emergency exercise took place at the L. F. Wade International Airport today [Dec 7] to test Bermuda’s readiness in the event of a plane crash or other emergency. The exercise, which must be undertaken every two years to ensure Bermuda is compliant with international regulatory requirements, involved various agencies as well as […]

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Photos: RAF Military Planes Land In Bermuda

By bernews.com
Published On :: Fri, 19 Feb 2016 22:37:18 +0000

At around 5.30pm today [Feb 19] aircraft from the Royal Air Force landed at LF Wade International Airport, with one Voyager tanker and three Typhoons touching down. The RAF aircraft are understood to have traveled from Eglin Air Force Base in northwest Florida, and due to make a short stop on the island. It is […]

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Photos & Video: Military Planes Depart Bermuda

By bernews.com
Published On :: Mon, 22 Feb 2016 17:38:18 +0000

[Updated with video] Just before noon today [Feb 22] aircraft from the Royal Air Force departed Bermuda’s LF Wade International Airport, heading to the Azores. The group of aircraft included the A330 Voyager Tanker accompanying four Typhoon fighter jets. As is the usual protocol, once the jets start their engines to warm up, passing traffic […]

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