Aspen Insurance Holdings Announces Repurchase of $100 Million of Ordinary Shares
5/8/2014 - Hamilton, Bermuda: May 13, 2008 – Aspen Insurance Holdings Limited (the “Company”) (NYSE:AHL) today announced that the Company has agreed to repurchase approximately 4.1 million of its ordinary shares from Candover Partners Limited, one of its founding shareholders, and a trustee to a Candover employee trust.
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Tyco Electronics Announces Agreement To Sell Its Rf Components And Subsystem Business To Cobham Plc
5/13/2008 - Pembroke, Bermuda: May 13, 2008 -- Tyco Electronics Ltd. (NYSE: TEL; BSX: TEL) today announced that the company has entered into a definitive agreement to sell its Radio Frequency Components and Subsystem business to Cobham Defense Electronic Systems, a subsidiary of Cobham plc, for $425 million in cash.
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Kentucky Fried Chicken (Bermuda) Limited Report to Shareholders
5/13/2008 - Hamilton, Bermuda: May 13, 2008 – “Net income for the year ended 31st January 2008 was $82,579 lower at $310,009 compared with $392,588 last year.
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Ace Limited Announces Redemption Of 7.80% Cumulative Redeemable Preferred Shares Series C And Related Depositary Shares
5/13/2008 - Hamilton, Bermuda: May 13, 2008 -- ACE Limited (NYSE: ACE) announced today that on June 13, 2008, it will redeem all $575 million of its 7.80% Cumulative Redeemable Preferred Shares Series C and the related depositary shares (CUSIP NO. G0070K111) (NYSE: ACE PrC).
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Lancashire Holdings Share Repurchase
5/13/2008 - Hamilton, Bermuda: May 13, 2008 -- Transaction in own shares
Lancashire Holdings Ltd announces that it has today purchased 165,000 Ordinary Shares at an average price of 311.96 pence per share.
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Montpelier Re Holdings Ltd. Welcomes Revision of Rating Outlook to Stable by Standard & Poor's
5/12/2008 - Hamilton, Bermuda: May 12, 2008 -- Montpelier Re Holdings Ltd. (NYSE:MRH) today welcomed the announcement by Standard & Poor's Ratings Services that it had revised its outlook on Montpelier Re Holdings Ltd. and its core subsidiary, Montpelier Reinsurance Ltd., to stable from negative.
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Tyco International Announces Extension Of Consent Solicitations And Exchange Offers Related To Bondholder Litigation Settlement
5/12/2008 - Pembroke, Bermuda: May 12, 2008 – Tyco International Ltd. (NYSE: TYC, BSX: TYC) (the "Company") today announced that it will extend the previously announced consent solicitations and exchange offers for each series of outstanding notes issued under the Company’s 1998 and 2003 indentures
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ACE Limited Announces Planned Issuance of $450 Million Senior Notes by Subsidiary
5/12/2008 - Hamilton, Bermuda: May 12, 2008 -- ACE Limited (NYSE:ACE) announced today that, subject to market conditions, its subsidiary, ACE INA Holdings Inc., intends to sell $450 million of senior notes. The notes will be guaranteed by ACE Limited.
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PartnerRe Declares Dividends on Series C and Series D Cumulative Redeemable Preferred Shares
5/9/2008 - Pembroke, Bermuda: May 9, 2008 -- PartnerRe Ltd. (NYSE: PRE) announced that its Board of Directors has declared a dividend for the period March 1, 2008 - May 31, 2008
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BSX Updated By PVAXX Limited
5/8/2008 - Hamilton, Bermuda: May 8, 2008 – The Bermuda Stock Exchange (BSX) has been advised by PVAXX Limited (PVAXX / “the Company”) that it shortly expects to conclude negotiations which will result in changes to the PVAXX corporate structure combined with sufficient financing to ensure the Company is able to roll-out its business and repay debts.
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BELCO Holdings Limited Releases 2007 Results
5/8/2008 - Hamilton, Bermuda: May 8, 2008 – BELCO Holdings Limited (Holdings) consolidated net earnings for 2007 were $20,399,518, down 5.64 percent from the $21,618,657 achieved in 2006. Overall electricity sales increased less than projected in 2007.
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BCB Reports Net Income of $4.39 Million
5/7/2008 - Hamilton, Bermuda, May 7, 2008 – Bermuda Commercial Bank (BCB) is pleased to announce the results of the Bank for the six month period ended March 31, 2008.
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Bermuda Aviation Services Limited Gives Notice to BSX of Share Repurchase Programme
5/7/2008 - Hamilton, Bermuda, May 7, 2008 – Bermuda Aviation Services Limited (BAS) has given Written Notice to the Bermuda Stock Exchange (BSX) as required by the BSX Listing Regulations that it intends to initiate a share repurchase programme to buy back 250,000 common shares of BAS as they become available.
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Max Capital Group Announces Appointment of New Director
5/6/2008 - Hamilton, Bermuda: May 6, 2008—Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced the election of James H. MacNaughton as a Director of the Company, thereby filling a vacancy on its eleven-member Board of Directors.
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Flagstone Re Reports Diluted Book Value per Share of $14.08 for end of First Quarter 2008
5/6/2008 - Hamilton, Bermuda: May 5, 2008--Flagstone Reinsurance Holdings Limited (NYSE:FSR) announced first quarter 2008 basic book value per share of $14.53 and diluted book value per share of $14.08, up 2.8% and 1.8% for the quarter (inclusive of dividends), respectively.
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Bank of Butterfield Announces Prepayment of Series A Subordinated Notes
5/5/2008 - Hamilton, Bermuda: May 5, 2008 – The BSX has been advised by The Bank of N.T. Butterfield & Son Limited (NTB BH) that it has notified the registered holders of the Series A Subordinated Notes due 2013 (the "Series A Notes") of its intent to prepay the US$78 million principal amount outstanding on all the Series A Notes, together with all accrued and unpaid interest thereon, on May 27, 2008, being the fifth anniversary of this issue.
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Bank of Butterfield Share Activity
5/2/2008 - Hamilton, Bermuda: 02 May 2008 - The Bermuda Stock Exchange (BSX) has today been advised that during April 2008 the Bank bought 171,589 shares at an average price of BD$17.28, which are to be held in treasury.
There were no shares bought back and cancelled during April 2008.
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Tyco Electronics To Present At Merrill Lynch Technology Conference 2008
4/30/2008 - Hamilton, Bermuda: April 30, 2008 – Tyco Electronics Ltd. (NYSE: TEL; BSX: TEL) today announced that its Chief Financial Officer Terrence Curtin will present at the Merrill Lynch Technology Conference 2008 in New York on Tuesday, May 6, 2008 at 10:30 a.m. EDT
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Aspen Declares Dividends On Ordinary Shares, Perpetual PIERS And Perpetual Preference Shares
4/30/2008 - Hamilton, BERMUDA: April 30, 2008 — Aspen Insurance Holdings Limited (the “Company”) (NYSE:AHL) today announced that its Board of Directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share.
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Tyco Electronics Reports Strong Second Quarter Results; Increases Full-Year Outlook
4/30/2008 - Pembroke, Bermuda: 01 May , 2008 - Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) today reported net sales of $3.7 billion for the fiscal second quarter ended Mar. 28, 2008, an increase of 14 percent over the prior- year period.
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ACE Limited Reports First Quarter 2008
4/29/2008 - Hamilton, Bermuda -- ACE Limited (NYSE:ACE) today reported net income for the first quarter ended March 31, 2008, of $1.10 per common share after payment of preferred dividends, compared with $2.10 per share for the same quarter last year.
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Montpelier Re Reports First Quarter 2008
4/29/2008 - Hamilton, Bermuda -- April 29th, 2008. Montpelier Re Holdings Ltd. NYSE: MRH; (the "Company") reported a fully converted book value per share of $17.76 as at March 31, 2008, an increase of 12.3% over the past twelve months and a decrease of 0.3% for the past three months, inclusive of dividends.
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The Doxa Fund (“The Fund”) Listing Cancelled By The BSX
4/29/2008 - Hamilton, Bermuda: April 29, 2008 –The Bermuda Stock Exchange (BSX) has cancelled the listing of The Doxa Fund (DOXAFND BH) pursuant to BSX Listing Regulation 2.24 (1) Chapter 1. Section II A., resulting from the Company’s failure to pay its Exchange related fees as set out in the regulations.
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Lancashire Holdings Limited Fully Converted Book Value Per Share Grows 5.0% In Q1 2008 Combined Ratio 61.2%
4/29/2008 - Hamilton, Bermuda: 29 April 2008 -- Lancashire Holdings Limited (“Lancashire” or “the Company”) today announces its first quarter results for the three month period ended 31 March 2008.
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PVAXX Update Regarding Resignation of Directors
4/29/2008 - Hamilton, Bermuda, April 29, 2008 – The Non Executive Chairman of the Company, Mr. Douglas Hogg who was appointed in 2007 to facilitate the listing on AIM has resigned from the Board as the Company is no longer proceeding with the listing.
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Fabian Romania Limited (FAB.LN) Net asset value as at 31 March 2008
4/28/2008 - Hamilton, Bermuda: 28 April 2008 -- The Company seeks to generate attractive total returns for its shareholders through a portfolio of income producing buildings, co-development residential, office, logistics and retail projects, with experienced partners and land investments.
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PartnerRe Ltd. Reports First Quarter 2008 Results
4/28/2008 - Pembroke, Bermuda: April 28, 2008 -- PartnerRe Ltd. (NYSE:PRE) today reported net
income of $129.0 million, or $2.16 per share, for the first quarter of 2008.
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Flagstone Re to Hold First-Quarter 2008 Earnings Call
4/28/2008 - Hamilton, Bermuda: April 28th, 2008 - Flagstone Reinsurance Holdings Limited (NYSE:FSR) today announced that it will hold an investment community conference call on Tuesday, May 6th, 2008, at 9:30am Eastern Time to discuss the company’s first-quarter 2008 financial results with interested investors and shareholders.
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Butterfield Bank Reports First Quarter Results Net income of $36.3 million, Up 1.8% Year on Year
4/25/2008 - Hamilton, Bermuda: 25 April 2008 - The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank Group” or “the Group”) today reported 2008 first quarter net income of $36.3 million, the second highest on record for the Group and up 1.8% year on year.
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Codrington Partners Limited Names Darren Rennick President
4/24/2008 - Hamilton, Bermuda, April 24, 2008 – Codrington Partners Limited (CPL) (Bloomberg: CPL BH), a leading international provider of software for electronic payment systems, today announced the appointment of Darren Rennick as President. Mr. Rennick will begin his employment with CPL on August 15, 2007.
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BSX Updated By PVAXX Limited
4/24/2008 - Hamilton, Bermuda: April 24, 2008 – The Bermuda Stock Exchange (BSX) has been advised by PVAXX Limited (PVAXX / the Company) that following discussions with their advisors and due to the continued poor market conditions the company will no longer be pursuing a listing on AIM at this time. The management continues to evaluate all opportunities, which will enable the company to roll out its business and do not rule out reviving the AIM listing when conditions allow.
The current halt in trading is under active review by the Bermuda Stock Exchange.
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Utilico Emerging Markets Limited Performance Fee
4/24/2008 - Hamilton, Bermuda: 24 April, 2008 -- Utilico Emerging Markets Limited (“UEM”) has today settled the performance fee for the year ended 31 March 2008 payable to Ingot Capital Management Pty Ltd (“ICM”), UEM’s investment manager, amounting to £2.7m.
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BF&M Limited Announces Election of New Chairman
4/23/2008 - Hamilton, Bermuda:, April 23, 2008 – The Board of Directors of BF&M Limited announced today that Gavin R. Arton had been elected the new Chairman of the company. This followed the recent announcement that Glenn Titterton would be retiring as Chairman at this week’s Annual General Meeting of the shareholders.
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Bermuda Container Line’s Financial Results 2007
4/22/2008 - Hamilton, Bermuda: April 22, 2008 - Bermuda Container Line Ltd. had net earnings in fiscal 2007 of $6,027,000, an increase of $1,621,000 over 2006 but nearly all the increase in earnings came from a one-off item; gain on the sale of a non-operating subsidiary company.
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Butterfield Bank Statement
4/18/2008 - Hamilton, Bermuda: April 18, 2008 – Butterfield Bank refers to the article in the Bermuda Sun today headlined: “Butterfield Bank to raise $260m with share offer”. A Bank spokesperson said “this report is completely incorrect. The Bank is not planning a share issue.”
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New Butterfield Bank Directors Appointed
4/17/2008 - Hamilton, Bermuda: April 17, 2008 – At the 104th Annual General Meeting (“AGM”) of The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank”) held on 16 April 2007, three new Directors were appointed to the Butterfield Bank Board: Graham C. Brooks, Sheila A. Lines and Patrick Tannock.
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Butterfield Bank AGM
4/17/2008 - Hamilton, Bermuda: April 17, 2008 – “Good afternoon ladies and gentlemen.
This afternoon, I will briefly review the operating highlights of the Bank in 2007.
To pick up on our Chairman’s comments, I believe that a review of operations should not be limited to just the numbers, it should include mention of what we have accomplished in the context of all of the elements of our mission. After all, it is the character of the institution, our place in the community and the quality of the people who work here that are the reasons behind our success.
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LOM Reports Increased Profits for 2007
4/17/2008 - Hamilton, Bermuda: April 17, 2008 – LOM (Holdings) Limited (BSX: LOM) today reported that net earnings for the year ended December 31, 2007 rose nearly 50% as compared to year end 2006, to $2.5 million or $0.38 per diluted share.
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