THURSDAY, DEC. 1: Focus Counselling Services has been making do with less as a result of the Great Recession. 

So it was welcome news when Mark Jennings, an investment advisor with LOM Securities (Bermuda) Limited volunteered his services to Focus.

The charity provides substance abuse intervention for some of Bermuda’s most needy people. Focus will be conducting a series of fundraising events over the next 12 months.

For information on how to donate to Focus Counselling Services please call Sandy Butterfield at 532-1292, or email

Flagstone dividend

Flagstone Reinsurance Holdings declared a quarterly dividend of $0.04 per common share. The dividend is payable on December 15, 2011 to shareholders of record at the close of business on December 5, 2011.

Axis ratings

AM Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of A and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited and its operating affiliates. Concurrently, AM Best has revised the outlook to positive from stable and affirmed the ICR of “bbb+” and all existing debt ratings of AXIS Capital Holdings Limited (both domiciled in Hamilton, Bermuda).

The ratings reflect AXIS’ consistently strong operating performance on a relative and absolute basis, excellent risk-based capitalization, robust enterprise risk management controls and a highly experienced management team.

Validus results

Validus Holdings said it plans to release its financial results for the quarter and for the full year ending December 31, 2011, after the close of trading on the New York Stock Exchange on Thursday, February 2, 2012.

The company will hold a conference call for analysts and investors at 10am Atlantic Time on Friday, February 3, 2012, to discuss these results. The call may be accessed in Bermuda by dialling 1-617-847-8706 and entering the passcode 57534895.